captain.weird
I suggest you do a little more research than the CX careers website. Let’s look at two people that join CX. One as an ab-initio cadet and the other as a DESO. Both stay with CX for 6 years and then leave.
Ab-initio Cadet
1. Cost of pilot training paid by you with “Forgivable Loan” from CX = HK$1,100,000.00
2. After 6 years the “Forgivable Loan” is classed by the Inland Revenue Department as income and is taxed at the highest marginal rate of 17% = HK$187,000.00
3. 6 Years of “Housing Cash Allowance” = HK$720,000.00
4. Tax on Housing = HK$122,400.00
5. Net Financial Gain after 6 years =
HK$410,600.00
DESO
1. Cost of privately funding pilot training = HK$540,000.00
2. 6 Years of “Housing Allowance, owner occupier” = HK$3,813,600.00 (Based on April 2011 housing assistance)
3. Tax on Housing = HK$648,312.00
4. Net Financial gain after 6 years =
HK$2,625,288.00
So what has the cadet scheme costed you? The difference between the DESO and Cadet net financial gains =
HK$2,214,688.00 which in Australian dollars =
AU$266,830.00. That’s a pretty expensive flying training course no matter which way you look at it. My advice is there isn’t a free lunch.
Basair flying training courses