In addition to the security of employment with NetJets Europe, successful OAA/NetJets candidates will benefit from a special cadet entry First Officer salary programme. In addition to a cadet entry salary of €36,500 per annum, NetJets Europe will also pay those selected for the cadet programme a further €20,000 pa towards repayment of any training costs until such time that the course training costs have been repaid (€56,500 in total for your first year of employment). It is anticipated a full training cost reimbursement will be paid off within 5-6 years of employment with NetJets Europe, at which time the cadet entry First Officer switches to the First Officer salary scale with accrued company seniority from date of joining the airline.
For cadet entry First Officers resident in the UK on entry into the airline, we have been advised by the Inland Revenue that course training cost repayment may be from gross salary i.e. before tax. For cadets resident outside of the UK during the repayment period the deductions will be made from net salary i.e. after tax.
http://www.oxfordaviation.net/netjets/nj_info.htm
Ok what do we read here?
1.Inland Revenue?? Since when does the UK inland revenue involve salaries and taxes paid in Euro in Portugal? I would love to know how they managed to do that. If it were British Airways I would believe it, but Netjets? If they can do it with NJE, why don't they do it with Thomas Cook, Flybe and other UK airlines?
2.What does "(€56,500 in total for your first year of employment)" mean?
3.Doesn't
repayment mean "loan repayment"?
My interpretation of the underlined section: no loan=no tax-free 20K.
Find answers to all these 3 questions and I'll give you a thumbs up and I'll still keep telling you that it's expensive. Last rumours in the office are that our CEO is looking to sell JAA for 35K euro from next year...
I don't claim that OAA is doing anything illegal. But those who have passed the selections should be asking these questions. I wouldn't love to be told 2 years after start that there has been a mistake...
A good example illustrating that it's not because a big organisation is involved that anything it claims is true: did you all know that fuel surcharges are illegal? Not long ago BA was fined half a billion for applying surcharges over the Atlantic...