Advantages: Employed status as opposed to contractor status, subject to EU employment laws etc etc, notice period and social security rights, unemployment rights etc. Does this mean ALL Agency Pilots will transfer to the EU Company? Retention of Command status.
Disadvantages: Tax paid in full at base, although most pilots have to pay local employment taxes at the moment so should not be worse off. ( AT the moment 10k gross Spain currently nets down to about 7 to 7.5K after tax with existing agency) UK based Pilots will be harder hit by UK Tax laws.