Siaec Joint Ventures
SIAEC have several so called joint ventures, Bahrain with Gulf Air and at Clark in the Philippines with Cebu Pacific. I have a feeling there are others as well, i just can't remember now? But both these are hangar operations.
Bahrain has 160 odd SIAEC staff working in Bahrain on some sort of "posting conditions".
Of course the locals(Singaporeans) are only too happy to get away from main base, you can't blame them for that.
Young SIAEC LAEs only get paid $2500-$2800 SGD a month, but they get other bits n pieces, like transport allowance and they have the CPF fund which i don't understand.
So lets say $3K SGD/mth (nice round numbers) that's approx $28K AUD a year.
Tax in S'pore is 8%, food is cheap, everything else expensive.
I don't think SIAEC management is stupid, so i can only assume that this is an exercise in making money (isn't everything in S'pore ! )
The big question is will the ALAEA and the immigration department stand back and let it happen.
It will be interesting to see how it all ends up !
Last edited by QF22; 17th Nov 2010 at 00:51.
Reason: spelling