Let me make it simple for you doubters. SilkAir is presently in the process of losing about a quarter of its pilot strength, including the following:
1 Management pilot, 2 Instructors, 2 Line Instructors, several Captains, many First Officers (including all of the Australians)
Of those who stay, many are staying simply because of the bonding arrangement.
All housing allowances have been removed, same for the education allowances. In a bid to stem the flow the hourly pay has been raised but not the basic pay so if you don't fly then you get paid peanuts.
The management has a tendency during negotiations to include Bonuses (not guaranteed - dependant on company performance) etc in the calculation so this is where the figure of $150,000 comes from.
Did they mention the 4 weeks leave? You will only get 2 days off together per fortnight, the other 2 days being single days, usually a buffer between 2 duties to satisfy the FTL.
By all means, go and try it out. Good luck trying to save any money.