Originally Posted by
kalyx522
I kinda understand how the idea of how training bonds work and why these airlines have them, but not the specifics... do you have to come up with the $20k in cash up front (or whatever it is for each company) or are you like borrowing the $20k from the airline as in an actual loan (that you need to pay back if you leave prematurely).. or how does it work???
A bond is simply a contract to pay them back for training costs if you leave within a certain period of time. It could be anywhere from one year to five years in duration. Actually it could be longer, but most of the foreign ones are three to four years. No money is required up front. The better ones are pro-rateable so they go down in value every month.
A bank guarantee requires you to pay money up front that is why they are more of a show stopper. The money stays locked in a bank account. If you leave within a certain period the airline gets the money.
Typhoonpilot