Less can be more... for some...
Hi folks,
Considering the overall offer this new contract may mean more money saved at the end of the month than when staying in Dubai with the normal contract.
Just as an exercise:
A Captain with ten years of service will make around 14k euros net in the freighter contract, cause the legal residence is still the UAE. If the same Captain is in the normal contract the income would be around 18k euros (based in the same low hours of the freighter option). Then you establish your family residence in countries like Spain, Portugal, Greece or Cyprus (just examples) where you can afford to buy a decent property for a reasonable price and the cost of living is quiet cheap for EU standards. Comparing with the cost of living in Dubai I would say that you'll be talking about at least double the cost of living in one of these countries. So your 14k euros will buy more than what you're now buying in Dubai. Power of buying is far more important than the nominal amount, if you're spending your money where you live. If this pilot has property in Dubai and adds the rental income to the equation it may happen that even the nominal income becomes higher in the freighter contract than in the normal one. With the high cost of rental in Dubai this isn't difficult to achieve.
So what may look pretty bad to some may be a good option to others, mainly if they're already planning to leave the desert and to fly less hours.