You can take the contract and the money you earn is enough to
pay a insurance for income protection, the tax, the commuting,
the hotel where you stay during duty period, the higher expense
for meals and and and. If You are realisic to consider this in the
calculation then you will see what you really earn.
You fly 900 hrs per year if you do not get sick and if you are
allways available for duty. That gives you about 10.000 EURO per
month. Then deduct the amount you pay for health insurance, for
retirement savings, for commuting, for the accomodation, for the
expense on meals, for the use of mobile phone roaming to call
the OPS, when you are elsewhere. If you want to play it safe you
pay tax AFTER deduction from the amount of expenses and then
it depends where you are resident/taxpayer you can only betray
yourself by finding you earning NET more money then in other
cockpits. It depends what is important for you. Consider what is
your goal and target. Then you can go for that contract. During
Ryanair contract you organize everything what the admin would
do for you in a normal airline. They make the Hotel reservation
for you, they schedule and pay the transportation to from and
to the airport. They administer the transportation to and from
another base. In Ryanair you do that all for you. That is why you
get the 134 EURO per block hour. For an LLC it is cheaper as
they have no follow up costs in doing that for the crews. They
would need more people work in the office to do this job. So
by giving you the money the giving you as well the responsibility
for it and they have a lean calculation. They do not have the risk
that somebody calls in sick. The person in charge of dealing with
this issue has to be replaced. They do not have to pay the sick
person and have somebody else to do the work. It is a question
of how a company is structured. The LCC has to be lean as much
as possible in all areas. Only on the back of all the people who
work there you are able to run the continues profitable succes.
Under contract the only one who is looking after you is YOU!.
After 10 years under various contracts I have seen a lot of
bullocks on paper what lookes good and is worth the same as
the paper to your right side when you sitting on the toilet, after
you used that paper......
Sorry about the extense posting but I hope it is worth to read.
NG