PPRuNe Forums - View Single Post - CX LEPs.... it's time to join
View Single Post
Old 10th Oct 2008, 21:37
  #46 (permalink)  
Numero Crunchero
 
Join Date: Oct 2006
Location: Hong Kong
Posts: 651
Likes: 0
Received 0 Likes on 0 Posts
LEP costs and savings

According to CX figures, it costs an extra $700K HKD in training for a cadet versus a DESO.

So lets assume the guy/gal is 25 when joining and works to 55. Lets assume 12years to command(hey, I am a glass is half full kinda guy;-)

An expat SO would have spent about $768K of CX money in the first 2 years of renting (2 * 12 * $32K). Lets assume he/she rents for the RFZ for the next 10 years waiting for command. That would mean 12 * 10 * $65K = $7.8M. About 18 years as a Captain getting about $70K more than an LEP Captain ( $103K less $8K pilot contribution less $24K paid to LEP) >> 18 * 12 * (103-8-24 = 71) = $15.4M

Lets say the expat SO has two kids - 6 years of Primary education assistance, 6 years of Secondary - I don't have the exact numbers at hand but roughly $45K for primary and $75K for secondary. So education assistance equals 6 * 2(kids) *$45K + 6 *2 * 75K = $1.44M

Total extra expat costs - $768K, $7.8M, $15.4M, $1.44M


So the LEP who cost CX about $700K more to train than the expat SO saves CX around $25.4Million HKD. So who do you think the winner is, the LEP for getting trained for free, or CX?
Numero Crunchero is offline