Simple sum up: the terms and conditions are not really the main discussing point. If you're expecting a normal, german airline you will be surprised what is possible
Plus
B777
Germany
Hotels downroute
Deadheading over 4 hours in Business Class
ID Travel
LOL
Very many really nice guys working there
Duties starting in FRA means company pays for ticket from home and hotel in FRA so no commuting cost
Bar of chocolate or coffee mug as christmas "bonus"
Neutral
15 days off (sounds great and would be if the duties were "normal", however be prepared to C/I at 4AM, then fly two legs LEJ-DXB-HKG, back the same but through the night, it is A KILLER!!!)
Mostly very high standard pilots, good standardised training (of course there are some random ex emirates checkers who forget to fly the plane while focused on/quoting some OM-A rules but in general harmless)
Good ops support
Bidding system (1x 4days off in a row, 1 trip, but intransparent, at the sole control of crewplanning)
The current DFO is a very knowledgeable guy that could really manage the place well but unfortunately he is only a "placeholder" for someone higher up without any power.
Minus
Get it done culture/Get-there-itis (Google Youtube: AeroLogic BOX506 777F - Typhoon NIDA)
Fatigue. Be prepared to be very tired and fly trips like LEJ-DXB-HKG, LEJ-BAH-BLR, FRA-ORD-LAX in one stretch (18+ hours duty through the night...)!
Low Pay
No Pension
No collective contract
Pay2Fly with weird guys who buy flight time in a 777
Backstabbers/"pretenders" who try to advance by ratting on their colleagues
Some colleagues have more "privileges" than "normal" guys.
No seniority protection, (upgrading requirements are changed as needed to fulfill "friends" requirements)
Based at LEJ but actually in the middle of nowhere in an office building off airport (no public transport available = $$$ for taxis)
Very "political", people who spoke up about anything (minor or major like safety, fatigue etc...) are reprimanded (rumours are that one pilot has been fired over nothing).
Fear culture, Intimidation
Brainwashed people
The generous 42 days holidays are worthless because each vacation day reduces your off days 2:1 (e.g. 15 days off + 15 days holiday does not mean you get 30 days off but only 22)!
Everything based only on working days/days off, no overtime threshold for productivity/block hours (e.g. a 7 day layover counts the same as two minimum rest trips)
Part time scam if you look at workload/block hours, basically you get 25% less pay for the same work: 100% = fly 3 trips a month plus one EU turn/sit SBY in LEJ @15 days off, 75% = fly 3 24h trips a month plus 1 EU turn @20 days off)