Wannafli
I am in a similar situation and asking the exact same questions. As wiggy suggests, the BA DEP thread contains many of the answers. But in the Easyjet MPL 2014 thread,
LastPastthePost posted some (predicted) numbers after allowances etc comparing BA FPP to Easyjet. Bearing in mind I'm not entirely sure how they (helpfully!) got to them, I'll quote the first eight years:
YEAR BA easyJet Deficit
1 45,425 38,750 6,675
2 50,704 38,000 19,379
3 55,982 57,006 18,355
4 63,372 70,396 11,331
5 69,707 70,396 10,642
6 72,874 70,396 13,119
7 75,513 70,396 18,236
8 65,842 70,396 13,682
My question for anyone in the know is how does the BA FPP scheme join up with BA's PP34 structure? My best guess is that FPP cadets join at PP8 once the bond repayments are done but this may be optimistic?
And just to caveat as this is my first post, I know FPP is tough, but as a career changer with responsibilities beyond just me, the reality is I have to aim for something with a predictable return or it just won't happen.