Cathay - Asia's Largest LCC
We truly are a Low Cost Carrier , stop believing that we are Premier Airline , Management and the Accountants have fixed that .
We cannot compare ourselves to BA , Air France or Qantas anymore , they are in a different league , we are in the 3rd Division ( they will be calling us Leeds United soon ) .
I was just looking at the new contract for JETSTAR and see that they have a lot of conditions that are better than our's .
Steve , you wonder why the guys are so bloody pisssed off at you , the union and especially the company , when you procrastinate over negotiations with the company over a pay increase and other benefits ,
Even a LCC like Jetstar , can negotiate a bloody Annual Pay Increases linked to the CPI with there penny pitching management .
We cannot !
They are getting 3 % Annually till 2012 . yes 2012
What do we get , 2 % over 7 years , that work's out 0.30 % Annually . With the CPI in Hong Kong running around 6% , its a f@cking joke
Our contract will be worth about the same as a pilot from Lion Air soon
read the following Jetstar contract , note the Annual Pay Increases , Overtime and working on days OFF
Retention Scheme
Pilots successfully checked to line and employed by Jetstar on anniversary dates (1st, 3rd and 5th year anniversary of EBA 2008) receive a 6% retention payment. Superannuation contributions will be paid on the Retention amount. For convenience, the retention bonus has been annualised and included in the figures given above, but it is only paid as a lump sum at the 1st, 3rd and 5th year anniversary dates.
Overtime
Paid for each credit hour in excess of 75 hours in a roster period (30 or 31 days depending upon the month) at the rate of annual salary divided by 787. Overtime is included when calculating payments under the Retention scheme and the Company Performance Bonus, and superannuation contributions are paid on overtime payments.
Credit hours are 1:1 with flight hours; 3.6 hours for each Mon-Fri leave day, 0 for Sat-Sun leave days; 5.5 hours for sim duties, recurrent emergency procedures and security training; 3.6 hours for other ground duties; 50% of positioning travel.
Narrow Body Overtime per Hour
Junior FO $66.42 ($70.40 with retention bonus included)
FO initial 12 months $101.47 ($107.56 with retention bonus included)
FO after 12 months up to 5th year $110.70 ($117.34 with retention bonus included)
FO after 5th year $119.92 ($127.12 with retention bonus included)
Captain $184.49 ($195.56 with retention bonus included)
Wide Body Overtime per Hour
Junior FO $75.72 ($80.26 with retention bonus included)
FO initial 12 months $115.68 ($122.62 with retention bonus included)
FO after 12 months up to 5th year $126.19 ($133.76 with retention bonus included)
FO after 5th year $136.71 ($144.91 with retention bonus included)
Captain $210.32 ($222.94 with retention bonus included)
Working on Day Off
Working on a day off is paid at a rate equal to the overtime rate, with a minimum payment equivalent to 3.4 hours at the overtime rate; plus a further payment equivalent to 3.4 hours at the overtime rate. Another day off is not given.
Example: Working 1 hour on a day off results in a payment of 6.8 hours at the overtime rate.
Example: Working 10 hours on a day off results in a payment of 13.4 hours at the overtime rate.
Annual Increment
Annual salary increases 3% each year on 1 Jan up to and including 1 Jan 2012. For the last two years, this increment may be increased depending upon inflation. Should the underlying annual CPI as at Dec 2010 exceed 3% then the increment on 1 Jan 2011 will be the same as the CPI figure up to a maximum of 4%. A similar arrangement occurs for the increase on 1 Jan 2012.