I was not aware that the retirement was taken from salary and not from company funds. My previous company put in 12% of gross every month. We had the option of putting in additional amounts within IRS limits. You have to remember that many of these issues are "time related." As Spicjet matures things will change, hopefully for the better. If it does not then at the 5 year mark (bond) everyone will start to leave for greener pastures and no one will want to join because of the bad press. However, the market will be flooded with F/O's and anyone with 250 hrs will be willing to "fly for food" to get into a B737 or Airbus cockpit.
On another more positive note for expat Capts, the hotel issue in Delhi seems to have been resolved. Per a company email, we have signed a long term contract with the Taj in Delhi for Capts. New Capts have shifted there.
Last edited by Nevrekar; 17th Oct 2007 at 01:32.