Not if you take National Insurance into account. I had heard that a continuance of the current scheme may be in the offing. And let's face it, £29k for an additional 6 years service (anyone going to take the PVR pay cut to get out at 43 with an option at 44?) just doesn't cut it.
Oh, and I suspect it's targeting sqn ldrs as, I assume, flt lts are being assimilated onto PAS?