Inordinate amounts of toss-pottery being written on this thread.
I do not have 3 ex-wives to support. Nor do I have any failed investments that I have to fund. Neither do I have an outrageous lifestyle that I wish to continue till I drop.
BUT, I do think that 55 is young to retire. My own pension pot will be ok at 55 BUT I would like the opportunity to decide closer to the time. I want that option to be open to me.
Cathay is a business. To expand the business it needs pilots. 60 will become part of COS and soon, simply because the company cannot train enough pilots to fulfill expansion plans. The best thing would be to accept this and get the best deal possible for the people who elect to stay on past 55.