Virgin Blue salary ?????
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Geez Barney, if those figures are correct then I'm swapping companies!! 
If that is true you can chuck out the sayings about VB being 'low cost' because those F/Os rates beat the crap about of the majority of QF 767 drivers and a whole heap of the 737 drivers.
I've gotta say that I'm sceptical. Besides, I've done the maths a few times and no matter how I figure it, I can't get $5K a month clear (quoted by a VB F/O on another thread) to equal $145K per annum.
If that is true you can chuck out the sayings about VB being 'low cost' because those F/Os rates beat the crap about of the majority of QF 767 drivers and a whole heap of the 737 drivers.
I've gotta say that I'm sceptical. Besides, I've done the maths a few times and no matter how I figure it, I can't get $5K a month clear (quoted by a VB F/O on another thread) to equal $145K per annum.
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Have a look at this one-
I believe that this has increased by about 10% in a recent ?EBA or other such agreement.
I believe Capt.s are on about $130K and F/Os on their appropriate percentage as per Section 15.1 depending upon age/experience etc.
This is not gospel but may give you some idea.
http://www.osiris.gov.au:443/search9...ultCount%3D50&
I believe that this has increased by about 10% in a recent ?EBA or other such agreement.
I believe Capt.s are on about $130K and F/Os on their appropriate percentage as per Section 15.1 depending upon age/experience etc.
This is not gospel but may give you some idea.
http://www.osiris.gov.au:443/search9...ultCount%3D50&
I just checked out 15.1 (Annual Salary Rate).
I'm just curious, but do most FO's start as level1?
By the sounds of it the Flight Operations Manager will determine your start level. So with VB being a 'low cost'(keeping the air fair) operator it could make good sense to look at the low experience Pilots first. After all the determining factors are:total hours,hours on type,hours in two Pilot operations,qualifications and experience in high capacity operations.
What would be the breakdown in % of the start levels?
(ie. level1 70% level2 20% level3 10%)
After all the difference between level1 and level3 could save VB $11000 per Pilot/year.
Safe flying, hoss
I'm just curious, but do most FO's start as level1?
By the sounds of it the Flight Operations Manager will determine your start level. So with VB being a 'low cost'(keeping the air fair) operator it could make good sense to look at the low experience Pilots first. After all the determining factors are:total hours,hours on type,hours in two Pilot operations,qualifications and experience in high capacity operations.
What would be the breakdown in % of the start levels?
(ie. level1 70% level2 20% level3 10%)
After all the difference between level1 and level3 could save VB $11000 per Pilot/year.
Safe flying, hoss
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Barney, maybe they will be on that figure by 2015
Hoss, I believe that level 1 F/Os are anyone with no pure jet time, level 2; jet time but no 73, level 3; more than 500 hrs 73.
the difference between 1 and 3 ( I think ) is around 10k P/A.
Hoss, I believe that level 1 F/Os are anyone with no pure jet time, level 2; jet time but no 73, level 3; more than 500 hrs 73.
the difference between 1 and 3 ( I think ) is around 10k P/A.
I'm with Stupid - incorrect
Level 1 rarely if ever used
Level 2 if you have a ATPL
Level 3 1000 hrs on jets OR 500 hrs on 737....
Level 2 qualifies for level 3 upon reaching 500 hrs on type don't know if level 1 goes to level 3 with 500 hrs on type - I assume so.
Base pay for a Captain is $131600 if my maths are correct - plus extra for C & T, extra when the international ops start, extra if we agree to new work rules, PLUS a profit sharing bonus at the end of the financial year. Allowances go on top of that figure.
F/O's a percentage of the Captains salary dependent upon level.
Level 1 rarely if ever used
Level 2 if you have a ATPL
Level 3 1000 hrs on jets OR 500 hrs on 737....
Level 2 qualifies for level 3 upon reaching 500 hrs on type don't know if level 1 goes to level 3 with 500 hrs on type - I assume so.
Base pay for a Captain is $131600 if my maths are correct - plus extra for C & T, extra when the international ops start, extra if we agree to new work rules, PLUS a profit sharing bonus at the end of the financial year. Allowances go on top of that figure.
F/O's a percentage of the Captains salary dependent upon level.
At a guess I would say DeH has included the retention bonus. Level 1 F/O 55%, 2 @ 60 % and 3 at 65% of comd salary. Applicable % also applied to the 15K retention bonus. L3 F/O approx 76K base.
I thought that it was $116600 plus the 15 grand. Not sure where the 117832 came from - I must have not read the agreement properly!!
You have to include the retention bonus because at the end of this agreement it will be rolled into the base salary and paid as part of the monthly wage.
edited for baaad typping!
You have to include the retention bonus because at the end of this agreement it will be rolled into the base salary and paid as part of the monthly wage.
edited for baaad typping!
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So are these figures pre or post EBA? Someone mentioned to me the other day that Skippers were on about $155K for 700 hours per annum and that QF drivers were on a bit less than that for 660 hours. I was sceptical at the time about the VB figures quoted but now assume that they include all the 'other' stuff in the award. Any advice lads and ladettes? I'd really like to if that person has misled me and a whole bunch of others too.
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Let's stop these rumours
Keg,
As with a number of companies, we not only receive a salary but also allowances and a yearly bonus. These are the figures for a Captain in the new EBA.
Salary - $117,832 - No overtime whatsoever!!!
Each 30th June - $15,000 - Professional Retention Bonus
If/When International operations commence - $3,000 - one off payment.
If new work rules are approved - $7,500 one off payment, plus additional $7500 to salary.
Pay increases of - 4% 1 July 2003 and 6% 1 July 2004.
In addition - 2% cash bonus 1 July 2003 and 2004.
If you are really good on a calculator - this makes salary approx $156,473 at the end of the agreement period.
That should put a stop to any rumours.
Now QF guys tell us what we should be aiming for !
As with a number of companies, we not only receive a salary but also allowances and a yearly bonus. These are the figures for a Captain in the new EBA.
Salary - $117,832 - No overtime whatsoever!!!
Each 30th June - $15,000 - Professional Retention Bonus
If/When International operations commence - $3,000 - one off payment.
If new work rules are approved - $7,500 one off payment, plus additional $7500 to salary.
Pay increases of - 4% 1 July 2003 and 6% 1 July 2004.
In addition - 2% cash bonus 1 July 2003 and 2004.
If you are really good on a calculator - this makes salary approx $156,473 at the end of the agreement period.
That should put a stop to any rumours.
Now QF guys tell us what we should be aiming for !
Last edited by liquid_gold; 12th Mar 2003 at 23:51.
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You're right. Upon closer inspection, it is an addition to salary.
Name of another poster deleted - absolutely verboten here
Name of another poster deleted - absolutely verboten here
Last edited by PPRuNe Towers; 15th Mar 2003 at 07:12.
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Thanks liquid, appreciate the feedback. Are those figures hour dependant? IE, if you fly over X hundred hours you get 'overtime'? Based on your figures the pay will be pretty close to equal within the next year or so. That should stop our management pushing for 'convergence'. Where our 737 guys clean up is the fact that the $150Kish figure is for 660 hours. When you fly a third again on tope of that and you are starting to see the reality of Captains pays on the 737.
I've always been in favour of the VB crews getting a significant pay rise. As I said, it takes a lot of the pressure off us! As for what you should be aiming for. How about gong for anothe 10% in your next two year EBA for 04-06!?! That'll mean that we can push the company on 'convergence' for a change! Wonder what excuse they'd dream up to justify saying 'no' in that case!
I've always been in favour of the VB crews getting a significant pay rise. As I said, it takes a lot of the pressure off us!
As for what you should be aiming for. How about gong for anothe 10% in your next two year EBA for 04-06!?! That'll mean that we can push the company on 'convergence' for a change! Wonder what excuse they'd dream up to justify saying 'no' in that case!