PoppaJo has covered most of the bases.
A former colleague of mine is a captain with China Eastern, Melbourne based, commuting contract, gross salary approx 3 times what he was earning with VA!
With the massive expansion projected for the Asia Pacific over the next 2 decades, I believe it is inevitable the big major players will have to offer something similar.
The smaller local operators will have to completely change their mindset. Frankly, something I do not think they are capable of.
The senior management of a well discussed regional airline has been predicting parity of captain numbers by Christmas, for the last 5 years! Last week that old chestnut of blind denial surfaced again. At the moment they have 11 Captains about to tender their resignations, and they’re just the ones we know about!
“Happy trails Hans!”