Originally Posted by
Payscale
Interesting thread.
Can anyone shed light on the pay.
Do you pay tax in Korea?
Which European bases are ther on the A333?
Any pension, medical and dental plan?
Many Thanks
Payscale
I received this about 6 months ago. Hope it helps.
KOREAN AIR
CAPTAINS B747-400
TERMS AND CONDITIONS
Bases: LHR / CDG / FRA / AKL / SYD / BNE / LAX / YYZ YVR /JFK / SFO / ORD / ATL / HKG / KUL / BKK
Salary: US$12,000 tax paid per month ($12,160 without insurance) / $8,800 ($8,960) during training. $140 per hour over 75 hrs / month (paid off-shore)
Per Diem: US$2 to US$4 per hr / varies per destination
Days Off: 9 continuous days per month at nominated home
Base / plus commuting days (add 2 days leave = 11 continuous days per month)
Annual Leave: 2 days per month (24 days per annum) / taken monthly or up to 7 days together in any 1 month
Sick leave: 14 days per annum
Travel: Business class to/from home base each month
4 x confirmed economy/subload business class
roundtrip FOC per year for captain/spouse and
children (no upper age limit for captain’s children)
6 x On Line ZED Fare (90%) or 50% (confirmed) on KAL network for captain and family per year
Interline tickets as per KAL employees
Accommodation: Quality hotel accommodation and transport provided in ICN and throughout network.
Insurance: Excellent Loss of Income of GBP£520 per week for up to 2 years (Lloyds of London) paid after 14 days if unable to perform captain’s duties with KAL.
Personal Accident/Life Cover of GBP£52,000
Comprehensive world wide Medical (including Medivac) and Travel Insurance
Joining Bonus: $3,000 paid to captain after successful completion of line training / line check
Korean Tax: Captain’s Korean Tax paid by CCL (Korean tax credits apply in several countries)
Bank Transfer Fees: All bank transfer fees paid by CCL
Annual COL Increase: An annual Cost of Living increase, based on the
US index, will be paid to all captains every year that KAL are profitable (2.7% paid in 2005).
Early Resignation: Korean Air apply a US$15,000 penalty payment as an offset against training costs, to any captain who leaves voluntarily within the first 12 months of service. After the first year, 3 months written notice is required for contract termination.