Loganair new joiners - Bonding
Thread Starter
Join Date: May 2004
Location: UK
Posts: 114
Likes: 0
Received 0 Likes
on
0 Posts
Loganair new joiners - Bonding
Dear all,
Would you know what Loganair are currently doing re bonding for pilots joining their Saab 340 fleet? They used to have a good scheme, but then it was swapped for something involving large sums up front...scandinavian money maybe. Heard a rumour they may be returning to a more old fashioned bonding arrangement. Ie, no money changing hands, agreement in place, reducing over 2/3 years.
Can anyone in the know shine some light on this?
Thanks!
LF
Would you know what Loganair are currently doing re bonding for pilots joining their Saab 340 fleet? They used to have a good scheme, but then it was swapped for something involving large sums up front...scandinavian money maybe. Heard a rumour they may be returning to a more old fashioned bonding arrangement. Ie, no money changing hands, agreement in place, reducing over 2/3 years.
Can anyone in the know shine some light on this?
Thanks!
LF
Join Date: Apr 2003
Location: sector 001
Posts: 384
Likes: 0
Received 0 Likes
on
0 Posts
FOs [non type rated] can expect to cough up £12000 which will be repaid monthly over three years. There is a notional interest payment made as well calculated using bank base rate. If you leave before this time then the repayments stop. Air UK [as was] use to operate something similar years ago.
Those with the type rating have been "charged" for the line training which always struck me as being a bit cheeky. This covers the cost of training - so they say. Just another way to help the training budget and spead the cost forward.
DECs have signed an old fashioned style bond of £12k over 3 years which is the fair way.
As you can see, the more experienced you are, the more favourable the deal. Simple market forces at the end of the day.
Those with the type rating have been "charged" for the line training which always struck me as being a bit cheeky. This covers the cost of training - so they say. Just another way to help the training budget and spead the cost forward.
DECs have signed an old fashioned style bond of £12k over 3 years which is the fair way.
As you can see, the more experienced you are, the more favourable the deal. Simple market forces at the end of the day.
