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sisyphos
1st Apr 2006, 22:02
profit share management = 12 months :yuk: :yuk: :yuk: :yuk:

spannersatcx
2nd Apr 2006, 16:47
Can you sunstantiate this with some evidence?

junior_man
3rd Apr 2006, 01:05
Yesterday was 1 April, known as April Fools day in some parts of the world....

sisyphos
3rd Apr 2006, 08:07
check the board in the crew room, copy of newspaper report, I believe "the standard".

kenfoggo
3rd Apr 2006, 15:11
quote : " p.c. received a bonus of 3.6 millions equal to his basic salary..." SCMP

spannersatcx
3rd Apr 2006, 15:56
trouble is I'm not in HKG!

Maybe it was an April fools, trouble is we are the fools!:sad:

leet
3rd Apr 2006, 17:59
No April Fools :) Check out the CX website, it's published every year... PC actually get more money in total this yr than 2004 :) 9.292M vs 9.186M.... sick, isn't it?


http://www.cathaypacific.com/cx/intracx/content/documents/136622/136622_2005annual_report.pdf

Edit: oh it's on pg.76 btw

jtr
3rd Apr 2006, 21:57
"Bonus is related to services for 2004 but paid and charged to the Company in 2005."

On another note, I am curious as to why our maintenance costs went up $743m (about 20% compared to previous) or about an extra USD260,000 a day, every day. Did we really bust them that much? Yes the fleet did expand by 8 aircraft spread throughout the year, but 5 of those a/c were straight off the showroom floor. Ohh look at that, HAECO's turnover went up $987m, with an increase in profit of $289m. Well done HAECO

spannersatcx
4th Apr 2006, 11:19
Cost of converting freighters no doubt went on our bill!

jtr
4th Apr 2006, 11:54
spanners you would probably be best placed to answer, but isn't that fundamentally a chop, strenghten, gut, install, and D-check? Not trying to sound flippant about the work that is done, but there was only one in the last FY. I really can't see where the money has gone. Like I said US$260,000 a day EXTRA, every day, is a lot of $ (USD180 a minute EXTRA in case you were wondering)

VR-HFX
4th Apr 2006, 15:00
jtr

Probably includes HKD/E/F refurbs....if that&s what you call a paint job and recycling some old dunnies and galleys!

No point in capitalising the cost as unlikely to get the depreciation on old airframes.

spannersatcx
4th Apr 2006, 18:00
but isn't that fundamentally a chop, strenghten, gut, install, and D-check Unfortunately, no, there was months of preparation before the chopping started, with large teams from Boeing.

I'm sure there are reaons behind it, I'll see if I can find out.

You would be surprised at what is deemed as 'Engineering' for the purpose of who's cost it is. Cleaning, that's engineering! de-icing that's engineering, there are more but I won't bore you with them. Like I say, I'll see if I can find out.