Dragonair plan to operate the freighters, and I hear they plan (hope) to have up to 5 in service in 5 years.
Conditions, salary and benefits have not been agreed to, not at least from reading the pilot's union website.
www.flying.to/dpa
It seems as if most of this operation is a hastily thought out idea, and they are trying to establish it in a similar manner, hastily and ill thought!
Salaries are increasing as are benefits world wide from the pilot shortage - not forthcoming shortage, but the one that exists now. Any operator needing immediate crew will now need to up the packages, which will include a lifestyle component cost.
Hong Kong salaries were very good at one point, (A Scale) and reflected exactly what needed to be paid to get experienced crew into Hong Kong.
B scale pilots are not well paid, in fact salaries equate to about the upper half of UK salaries. Where it looks good is in the lower tax rate, but you can arrange that in the UK anyway.
It will be interesting to see how many guys Dragon gets to fly these planes. I imagine that if people hold out, then both the salary and conditions will improve. After all it must be cheaper to pay decent salaries than to have 2 747's on the ground.