The Rents
You are sounding more and more like a management stooge every day. The reality is that most people warning potential iCad’s about the shortcoming in the package already work here. We do it because we don’t want to see new pilots being financially entrapped in Hong Kong on a grossly substandard package and unable to leave. CX also has a long and distinguished history of forcing current pilots onto lower COS once a new COS has been introduced for new pilots. So it isn’t in our interest to see a new lower COS either.
Now regarding the new package being offered by CX. Why do you think they have had to do that? It isn’t though the goodness of their heart. The reality is that they had to give more because of the grossly underwhelming response from suitable applicants so far. It is those “Nerds” as you so distastefully referred to them as that have caused CX to rethink the package in the first place.
So what is wrong with the new package being offered?
1. The housing is still grossly substandard and is 100% taxable.
2. The housing isn’t indexed to the Hong Kong Government Rental Index, therefore isn’t indexed for inflation.
3. Once you have completed 6 years of service the “forgivable Loan” will be 100% taxable as it will then be deemed income by the IRD. It won’t matter if you were a long track cadet and used the entire loan for your training. It will be deemed income and taxed at the highest rate.
Shall I go on for you?
You also state that “a guaranteed flight allowance for 84 hours flying per month”. WRONG. Flight allowance as you put it or hourly duty pay as CX calls it isn’t guaranteed. If you don’t do the hours you don’t get the hourly duty pay.