I just don't see this race to the bottom?? crew meals, sick pay, paid holidays, paid standby,company hotel accommodation, free positioning for commuting pilots, no training bond, a months notice, no deductions for sim renewal fee's Ho and €106'000.00 basic + €12000.00 flight duty pay based on 700 hours €118'000.00 and the chance to work and live in some very nice parts of Europe
Just converted that to sterling via google ex rates today. £97k.
Take off your own pension contributions, accountants fees, ex rate costs, local social taxes and cost of accommodation at your allocated base. It doesn't make it a salary to shout about. Especially if you are based on the opposite side of the continent to friends and family.
As interest rates go up in the UK over the next few years, the ex rate with the Euro will drop too. Your €118 will not look too pretty in a UK bank account.
"Fly a brand new NG as a contractor and get well paid". Where have we heard that before?