Originally Posted by
perthbound
There have always been two important milestones in terms of time for EK pilots:
5 years:
This marks the end of the training bond timeline meaning pilots can resign without forking money over to pay off any remaining balance.
Many of our colleagues have now reached that point.
7 years:
100% payout of the provident.
Keep in mind that schools in Dubai have already been given the approval to increase fees (approved in February) by between 3% and 5%.
Transport companies have also been given the OK to increase their fees by similar amounts.
Remember, the best deal you will ever get in Dubai is the one you receive on the day you arrive.
It does not get any better with time or by upgrade to the left seat.
And will school fees be subject to VAT from 2018?
The training bond was only recently extended from three to five years. But 5 years is significant for the Prov Fund too as it is when you get 75% of the company contribution and 100% of your own contribution.
Most people I talk to will wait for the 7 year point if they are already close to it but the 5 year point is not really a deal breaker.
In short, I agree. Emirates crewing problems are about to get a whole lot worse.