FlyerTalk Forums - View Single Post - British Airways pilots accept pay cuts, job losses negotiated by union
Old Aug 4, 2020 | 3:44 pm
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Originally Posted by jonas123
But isn't the company paying off quite a lot of your training debt on top of that £25k, so actually your earnings are higher, it's just that a big chunk is ringfenced to pay off the bond?
there is no bond now, BA no longer do that. basically you hand over the £120k for your ATPL/MPL and type rating which you will never see again, and BA do not provide any loan guarantee or bond repayment.

this is very much how most of the industry works now, and it does so because so many people are prepared to put themselves through flight school at their own/parents expense to get their dream job. the airlines are quite happy to no longer bear this cost anymore, and nothing will change until people stop self funding their training and the supply of fresh graduates stops.
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