Flybe Employee's Cash In
Flybe will announce the details of their Staff Share scheme on 4th April 2005.
A leaked email outlines payouts to Captains in excess of £70,000 and F/O's of £45,000 depending on length of service.
They may be redeemed imediately but there would be a penalty involved. If the shares are held for a full year after the proposed flotation there would be a bonus paid.
All employee's are entitled to a share of the company and the only qualifying requirement is that they worked for the company on a qualifying date of 04.10.04 and remains working for the company on the record date of 04.04.05.
Not bad eh?