In the begining....
SQ pilot salaries are low because the Brits retired from BA, came to Singapore and worked a year or two. This occured in the 1970's (early 80's) because BA offered early retirements to the more senior folks...and the normal retirement age was 55.
Was a regular revolving door then.
Round about 1990, folks from down under moved in enmasse (after their abortive attempt at union action), several "ran away" not completing their contracts, so of course higher bonds are in order.
Now SQ management has an opportunity to KEEP salaries low due to the latest SARS problem, and you can bet your boots they will do so.
Some of 'em didn't go to Harvard just for the weather.