Ok, please for the last time, lets put the shares deal to bed.
Pilots do not get their paycut back in shares in 5 years time.
The pay cut (basic and allowances) will amount to about £5000p.a. average per pilot. Over 5 years thats £25,000. (Big ouch
)
IF we made a 6% operating margin in 5 years time (pretty unlikely) then a Captain would be awarded 807 shares. At £1.25 thats £1008 worth.
A 10% operating margin would give the max of 1346 shares (£1680).
Now here's the big thing that BASSA won't have told you:
It's in return for a no industrial action clause and extra "management duties/structure" of which are yet to be decided on.
The other big thing is that in recognition of a first officers reduced responsibilities compared to a captain his max entitlement is lower at 1015 shares.
So allowing for the reduced responsibilities of CSD's, then Pursers, then main crew you'd probably be down to a couple of hundred shares each.
Hardly worth your extra "management" duties and responsibilities really.
Please see your nearest BASSA rep for the full BALPA deal and I'm sure they'll be happy to explain it all.
Now if this doesn't get deleted can we drop the share deal bit please.