Originally Posted by Typhoonpilot

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