Training bond

pirocco · Post by **pirocco** » Wed Feb 23, 2005 5:23 pm

Need opinions about training bond!
What do you think about a 10 000$ / 2 years training bond for a PIC PPC on a twin turbine aircraft.

You don't have to put the money on the table but sign an agreement that If you leave before the term you have to pay for the prorata.

Capt · Post by **Capt** » Wed Feb 23, 2005 6:12 pm

what aircraft?

if you like the company and aircraft then do it, if you see yourself only staying for a year or two for experience then think twice.

I know of 1 year $6000 for king air 200, good company and worth signing.

Legacy · Post by **Legacy** » Wed Feb 23, 2005 7:29 pm

My opinion, the training bond should not be more than the companies COST of the PPC. If that is a king air, it sure doesn't cost 10K

twinpratts · Post by **twinpratts** » Wed Feb 23, 2005 8:44 pm

Sounds like a fair deal to me... but is it pro-rated?
Flight safety courses these days will run about double that for a level D sim.
Don't forget to read the fine print!

KAG · Post by **KAG** » Thu Feb 24, 2005 7:43 am

10 K for 2 years is alittle steep, but not unheard of. make sure it's pro rated and that if they lay you off, your not stuck with the bond. Is it a light twinn turbine or over 12500? If you dont think you could move on in the next 2 years why not?

Cheers

co-joe · Post by **co-joe** » Thu Feb 24, 2005 12:05 pm

10K over 2 years is very steep for a king air, 5K for 1 year pro rated would be more reasonable. But you didn't say king air did you?

For a 19hundie or a Jetstream that'd be more like it. Is it pro rated at all? ie. if you leave 80% of the way through the contract, are you liable for 100% of the cost, or only the remaining 20%?

greenwich · Post by **greenwich** » Thu Feb 24, 2005 3:50 pm

I agree with you all! Sounds pretty fair...especially if the company's OK!

It's good to see that aviators in Canada are coming to terms with training bonds! I personally hate them, but there is no question that training bonds (and promisary notes) are the way of the future!

G

... · Post by **...** » Thu Feb 24, 2005 4:33 pm

pirocco wrote:Need opinions about training bond!
What do you think about a 10 000$ / 2 years training bond for a PIC PPC on a twin turbine aircraft.

You don't have to put the money on the table but sign an agreement that If you leave before the term you have to pay for the prorata.

....giver'

lowandslow · Post by **lowandslow** » Thu Feb 24, 2005 9:41 pm

Hey ex-turtle airways man,

email me.

a friend who likes banditized geese.

Axial Flow · Post by **Axial Flow** » Fri Feb 25, 2005 11:06 am

Are you referring to CA Jean Guy ?

CDB

Cool Rythms! · Post by **Cool Rythms!** » Thu Mar 03, 2005 9:03 pm

As long as that ten grand does'nt have to come out of your pocket, then go right ahead my friend. All the best to you.

Training bond

Training bond

Re: Training bond