I prefer it when they say " Loss of Licence 2.5 x salary" - makes it sound a lot more generous. The fact that it is capped at £80k or £120k is just small print !!
I can't believe we're all debating whether the pilots are going to accept or decline this deal. We've all played the game before. Reject the first offer - management pretends that it can squeeze just a little bit more out of the pot if we're all prepared to struggle. Second offer is put on the table with minor tweaks, and we all accept it.
Everyone's a winner - Pilots get a little bit more, Balpa looks like it actually won something over the companies original offer, and management get a big bonus for every pound they saved over and above what they were prepared to offer.
Still a bit surprised in the current market, they didn't offer a little bit more with the first offer - Amazing how I still don't seem to have learned anything !