Sadly the removal of flying pay has a similar, and spiteful, precendent in the early 80s. Giving of the mandatory 3 years notice of PVR was swiftly followed by a posting to a ground tour to ensure that pilots cound not remain current and achieve type rating etc. The loss of FRI is no surprise, but an instant removal of flying pay is a serious move.
I wonder if they will apply the the same rules to those who chose to exercise their option at 38/44 ?????? I'd be interested to hear any rumours........