The extra FRI for Snr offr pilots - 50 grand for staying for 5 years and then, for accepting that FRI, you can have another 50 grand too. Who is being targetted here? IMHO, (in the Multi world) the money will almost entirely go to chaps who were staying anyway; nobody will change their minds and stay for 5 years for less than 60000 net, and the cost of 5 years seniority and employability in an airline. The bottom line their must be a substantial loss in lifetime earnings.
So is that the extra £50k at the end of the five years' commitment? Or £100k (minus tax and NI) up front? Must say, I agree D-IFFers; guys on staff college or in the boarding school trap will take the cash and be jolly happy. Nonetheless, given that Easy (for example) have reportedly suggested fast-track command for suitably qualified RAF chaps, with a salary of £75-80k plus the pension... is there a choice? Other than Virgin, ofcourse, who are hiring again..
359 days to go....