It is $16,000, pro rated over the course of a 12 month period.

Basically it states that if you leave Colgan prior to having been with the company for a term of 1 year, then you owe them the pro rated balance. Lots of people are breaking it and the general concensus is that they do nothing more than hold your last paycheck and send a letter. The clock starts ticking the first day of training, not after sim or IOE.

I broke mine last month after 9 agonizing months . I would advise against going to Colgan, especially considering all the other regionals that are hiring. If you dont have the time for SKW or RAH, XJT will take you with 500 hours.