Chad,
I call bull**** on this one how many JQ pilots have said that to you.
its like me saying all QF pilots said the JQ787 are returning to QF

Why is that not factual (or at least close)?

If you were lucky enough to join in the mid eighties, plenty of circa 7 year commands.

More like 25 years for 737 east coast command. East coast wide body command maybe 30 years, still too early to tell.

All Qantas 787s are going to the desert.

Yep, silver ones too

Does MEL include east coast?

So, I’m 61 with 4 years left in mainline. They’ve offered me $340 before tax.
If I don’t take it, worst case is I’ll get $50k a year in holiday pay + super+ jobkeeper/seeker until I’m stood up- at worst 4 years. I think a total of ~$85/year...4x85=340

best case is I’m stood in a year, retrained in a RIN and work out my last 3 years at normal salary.

why would I take VR? What am I missing?

AoA,
Yes east coast includes Mel. The most junior captain in Mel joined Jan 02, but that was last training year 19/20 allocated in Apr 19 and based on the economic conditions at that time. My indication was based on the current CV19 economic outlook.

B&B,
Jobkeeper will end so don’t bank on that. Super contributions not paid during stand down will accrue a super offset debt to be repaid out of your final benefit. Depending on fleet, your stand down could be much longer, think A380 or B747.

Dragon Man
you are delusional, 330 will go before 787 do you have an agenda reference LWOP an VR?

A relaxing retirement using your Super funds?

Given the figures B&B is quoting they’re likely a 747 Captain so either Div 2 or 6 so no super offset to worry about.

Chief Pilot today indicated that any post RIN training course could be up to 18 months away so 12 months is optimistic. You would hopefully get two years back on 160 MGH? For all our sakes I hope that’s the case!

I’d run your logic past an accountant B&Blue and decide whether the $$$ on offer offsets the training course, cyclics and overnight flights you’re still going to be doing in a few years time.

Sure I am however I just repeated what I was told by a management pilot then checked elsewhere and it’s correct.

Because by your own maths you are likely to break even (after 4 years of possible unsureness and gloom if you did stick around), and possibly also because it might also help save someone's job at the start of their QF career?

Wrong!!! But hey don’t it personally....even if you call someone delusional and you are incorrect. I guess that doesn’t really reflect on you....

VR
 

Some basic maths.

Ok, so I’m a 59-60 yo A380 captain

Most likely stood down for the next two + years with no income.

I have turned down the approx $400,000 VR offer after tax

Now returned to service two years later for the last 3 years to retirement

And earning my usual $500k p.a.

But, after tax, that’s about $300k p.a.

Not too bad eh?

$900k clear over 3 years

But I knocked back the $400k VR payout and was idle for 2 years.

So, that’s $900k over 5 years.

$180k average per year.

Is it worth it ?

The next few years will be ugly with airline management

turning the screws on legacy entitlements,

and with rumoured reductions in guaranteed

credited hours, even $180k p.a is highly optimistic and

most unlikely.

Think I’ll tick yes for VR and escape with whatever youth and

health I still have, and go off and smell the roses.

And even the leave accrual may not be accrued at the same rate, or even at all, if any EBA variation is negotiated.

Don’t forget management have stated they want 0% spent on long haul staff if there are 0 long haul flights.

You won’t be effectively getting $85k pa if you are stood down. You will be getting the amount written on your VR form however if you take it.

What’s that old saying, a bird in the hand is worth two in the bush? But in this case it might be a bird in the hand is definitely worth more than zero in the bush!

787 wont fly unless its international,the power by the hour deal makes it totally uneconomic for short sectors i.e domestic ops.
The silver 78's dont operate with the same deal.
Some 330's may & prob will go to desert however they can be brought back with relatively short notice & the ones remaining here can fly many more sectors if needed.

All risk reward. I have decided to take the money now if they approve it. Worst case scenario is that things don't pick up quickly enough, the company goes into admin, and there is no money available for redundancy entitlements. Leave won't be accrued at the same rate and value for much longer I suspect. Changes to MGH will also reduce future payout amounts possibly. Finally, reading some of the attitudes displayed on this thread has made me realise I really don't want to work for the company anymore, and have to listen to endless garbage in the middle of the night from the Norms.

Had heard the same regarding 787. Now that they're leased, they're going to be some of the most expensive aircraft to bring back to regular flying. There's 3 more to arrive too and they can't get out of it.

330 will apparently plug the gaps to travel zones when they eventually open up and hopefully all over the domestic network in the meantime.