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Take a look at 14 CFR 121.436 which spells out the requirements for upgrading under Part 121. That is the time they want to see to get the bonus.
https://www.law.cornell.edu/cfr/text/14/121.436 |
I plan on moving on to a major as soon as I can. I meet requirements at everyone ive applied to. If I leave just after a year of service is the original 10K from completion of IOE owed back? I know the 5K for one year of service is going to be owed back. Thanks.
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Originally Posted by POSITIVERATE24
(Post 3591859)
I plan on moving on to a major as soon as I can. I meet requirements at everyone ive applied to. If I leave just after a year of service is the original 10K from completion of IOE owed back? I know the 5K for one year of service is going to be owed back. Thanks.
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What about the 100k bonus if you have previous 121 time? Does that have to be paid back if one leaves after a week of GS? (Daddy needs a new plane)
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Originally Posted by worstpilotever
(Post 3597586)
What about the 100k bonus if you have previous 121 time? Does that have to be paid back if one leaves after a week of GS? (Daddy needs a new plane)
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Originally Posted by Ravenwing
(Post 3597630)
The bonus must be paid back if you leave within 24 months. Rumor is the latest version is prorated if you leave 13-24 months after completing IOE.
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My NHB signed in early 2022 was not pro-rated.
I am in the process of figuring out a payment plan with them. The requested amount is NET bonus less taxes. |
Originally Posted by BStill
(Post 3590341)
All of my part 121 experience was on the 727 panel. Would they count that for the bonus?
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Originally Posted by Ravenwing
(Post 3597630)
The bonus must be paid back if you leave within 24 months. Rumor is the latest version is prorated if you leave 13-24 months after completing IOE.
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From my experience, I received an automated past due notice about 3 months after I left. I followed up with accounts receivables and waited another 3 months while they confirmed the amount. Once it was confirmed, I wrote a check for the amount less what was withheld in taxes. They're estimating 8 weeks on a corrected W2. That's been with follow-up emails and check ins every 1-2 weeks.
I would hold the money in high-interest savings, and if you do leave, reach out sooner rather than later to start the process. envoy.receivables at aa.com |
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