Cathay Pay Rise
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Joined: Dec 2005
Posts: 109
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From: Above the Gay Bar
Cathay Pay Rise
Just In:
"I am pleased to advise that the Company and the HKAOA have agreed to interim increases to salaries for Unified First Officers, Freighter First Officers and Freighter Captains, effective from 1st July 2008. The increases will apply system-wide to FO 1 to 3 on the Unified FO scale, as well as FO 1 to 8 and Captain 1 to 5 on the Freighter scale.
Approximate Increase Effective 1 July 2008 (as % of Salary and HDP)
Year / Unified FO / Freighter FO / Freighter Capt
1 / 6% / 6% / 4%
2 / 6% / 6% / 4%
3 / 6% / 6% / 4%
4 / 0% / 6% / 4%
5 / 0% / 4% / 4%
6 / 0% / 3% / 0%
7 / 0% / 2% / 0%
8 / 0% / 1% / 0%
9 / 0% / 0% / 0%
10+ / 0% / 0% / 0%
These increases were agreed to ensure that we remain competitive in the recruitment market and to bring Cathay's European remuneration on par with FCS. Further discussions will be held with the HKAOA over the next few months to decide final remuneration for all categories of crew to be implemented in 2009"
"I am pleased to advise that the Company and the HKAOA have agreed to interim increases to salaries for Unified First Officers, Freighter First Officers and Freighter Captains, effective from 1st July 2008. The increases will apply system-wide to FO 1 to 3 on the Unified FO scale, as well as FO 1 to 8 and Captain 1 to 5 on the Freighter scale.
Approximate Increase Effective 1 July 2008 (as % of Salary and HDP)
Year / Unified FO / Freighter FO / Freighter Capt
1 / 6% / 6% / 4%
2 / 6% / 6% / 4%
3 / 6% / 6% / 4%
4 / 0% / 6% / 4%
5 / 0% / 4% / 4%
6 / 0% / 3% / 0%
7 / 0% / 2% / 0%
8 / 0% / 1% / 0%
9 / 0% / 0% / 0%
10+ / 0% / 0% / 0%
These increases were agreed to ensure that we remain competitive in the recruitment market and to bring Cathay's European remuneration on par with FCS. Further discussions will be held with the HKAOA over the next few months to decide final remuneration for all categories of crew to be implemented in 2009"
Last edited by luvmuhud; 4th March 2008 at 09:13. Reason: formatting
Joined: Mar 2008
Posts: 19
Likes: 0
From: hong kong
Cathay Hong Kong Pilots Lowest Paid?
Can someone please check my numbers cause this doesn't seem right!
I took first year passenger fleet Captain pay for comparison and current exchange rates as of today.
1st year passenger fleet Captain monthly salary
Hong Kong Based HKD 101,326
Europe Based GBP 8,158 = HKD 126,755
Australian Based AUD 16,786 = HKD 121,755
US Based USD 15,130 = HKD 117,777
Canadian Based CAD 15,665 = HKD 123,351
New Zealand Based NZD 20,860 = HKD 130,281
So are we being paid less being based in Hong Kong or have I miscalculated because this doesn't seem right? I thought being based in Hong Kong was supposed to attract a premium?
I took first year passenger fleet Captain pay for comparison and current exchange rates as of today.
1st year passenger fleet Captain monthly salary
Hong Kong Based HKD 101,326
Europe Based GBP 8,158 = HKD 126,755
Australian Based AUD 16,786 = HKD 121,755
US Based USD 15,130 = HKD 117,777
Canadian Based CAD 15,665 = HKD 123,351
New Zealand Based NZD 20,860 = HKD 130,281
So are we being paid less being based in Hong Kong or have I miscalculated because this doesn't seem right? I thought being based in Hong Kong was supposed to attract a premium?
Joined: Feb 2008
Posts: 63
Likes: 0
From: 35,000 feet
the other COL not QOL
will the tax you pay to IRD for that housing be an equal amount of $$$$ to what you pay for similar cement box in your home country? morgate / rates he lot?
Are those trips to to Parking shop, filling the carts as high for the same dollars as back home>
Can your bus pas go as fast as your car? All these considerations are for those pilots living in HKG should look at. DPA pilots did, and now they are leaving!
Are those trips to to Parking shop, filling the carts as high for the same dollars as back home>
Can your bus pas go as fast as your car? All these considerations are for those pilots living in HKG should look at. DPA pilots did, and now they are leaving!
Joined: Jul 2001
Posts: 287
Likes: 0
From: Hong Kong
Before Tax - Monthly
Using the simple tax calculators I could find online for a single person, and not claiming any deductions, I came up with the following after tax pay converted to Hong Kong dollars. This is just a simple comparison, your intimate tax knowlege will probably give a different result...!!
After Tax - Monthly
Hong Kong Based HKD 86392
Europe Based GBP
Australian Based AUD 10870 = HKD 78316
US Based USD 11445 = HKD 89095
Canadian Based CAD 10337 = HKD 80908
New Zealand Based NZD 13452 = HKD 83622
Hong Kong Based HKD 101,326
Europe Based GBP 8,158 = HKD 126,755
Australian Based AUD 16,786 = HKD 121,755
US Based USD 15,130 = HKD 117,777
Canadian Based CAD 15,665 = HKD 123,351
New Zealand Based NZD 20,860 = HKD 130,281
Europe Based GBP 8,158 = HKD 126,755
Australian Based AUD 16,786 = HKD 121,755
US Based USD 15,130 = HKD 117,777
Canadian Based CAD 15,665 = HKD 123,351
New Zealand Based NZD 20,860 = HKD 130,281
After Tax - Monthly
Hong Kong Based HKD 86392
Europe Based GBP
Australian Based AUD 10870 = HKD 78316
US Based USD 11445 = HKD 89095
Canadian Based CAD 10337 = HKD 80908
New Zealand Based NZD 13452 = HKD 83622
Joined: Jul 2007
Posts: 83
Likes: 0
From: global
Whilst spending millions on advertising they continually fail to note that the best advertising is word of mouth.
One significant payrise - for all - would get the attention of any/all pilots in the marketplace.
Sadly, thats not the Cathay way.
One significant payrise - for all - would get the attention of any/all pilots in the marketplace.
Sadly, thats not the Cathay way.
All on A-Scale !
Joined: Aug 2001
Posts: 137
Likes: 0
From: "HARD" TO TELL.....
Guten post beim Silberfuchs!!
Agree 100%.
Heard from Emirates C&T that they are expecting another BIG (in the region of 30%) payrise...to be announced in April..
But sadly it's not all just about the money in Hongkers,as Hong Kong has slipped from no.2 position to no.15 when it came to the choices of expat cities (yes..Singapore came 1st AGAIN..with Sydney in the no.2 position - despite the mean customs officials!!)....
Major concerns such as AIR POLLUTION http://www.pprune.org/forums/showthread.php?t=316339
expensive accomodation,schooling,bad service,red tape,medical,lack of anti-discrimination and employee protection laws etc are off course all contributing factors!!
This city has - sadly - become JUST ANOTHER stinky,UNfriendly and polluted chinese sh@&thole
Agree 100%.
Heard from Emirates C&T that they are expecting another BIG (in the region of 30%) payrise...to be announced in April..
But sadly it's not all just about the money in Hongkers,as Hong Kong has slipped from no.2 position to no.15 when it came to the choices of expat cities (yes..Singapore came 1st AGAIN..with Sydney in the no.2 position - despite the mean customs officials!!)....
Major concerns such as AIR POLLUTION http://www.pprune.org/forums/showthread.php?t=316339
expensive accomodation,schooling,bad service,red tape,medical,lack of anti-discrimination and employee protection laws etc are off course all contributing factors!!
This city has - sadly - become JUST ANOTHER stinky,UNfriendly and polluted chinese sh@&thole
Joined: Jun 2001
Posts: 313
Likes: 0
From: OZ
Heard from Emirates C&T that they are expecting another BIG (in the region of 30%) payrise...to be announced in April..
Joined: Feb 2002
Posts: 155
Likes: 0
From: UK
This pay rise is about one thing - trying to attract the KA freighter pilots to take up CX's wonderful 'offer'. Since KA had it's pay agreement in December, the KA drivers have been on more than their counterparts in CX.
Unfortunately, the mismanagers pushing this 'offer' (or is it a transfer
) have failed to realise that our concern is not money, but the complete disregard of our seniority policy and dare I say it, UK law.
BTW, I'm not suggesting for one minute that CX freighter crews don't deserve the pay increase. Enjoy it and it might be nice if you spend some of it buying the Dragonair boys a beer when you next see them in the gay bar!
Unfortunately, the mismanagers pushing this 'offer' (or is it a transfer
) have failed to realise that our concern is not money, but the complete disregard of our seniority policy and dare I say it, UK law.BTW, I'm not suggesting for one minute that CX freighter crews don't deserve the pay increase. Enjoy it and it might be nice if you spend some of it buying the Dragonair boys a beer when you next see them in the gay bar!
Joined: Jul 2001
Posts: 287
Likes: 0
From: Hong Kong
FO Year One Freighter Pay - 01 Jul 08
Base / Annual / Month / Currency
European / ₤47,556 / ₤3,963 / GBP
US / $69,732 / $5,811 / USD
Australian/ $98,148 / $8,179 / AUD
Canadian / $85,944 / $7,162 / CAD
Asian / $634,560 / $52,880/ HKD
European / ₤47,556 / ₤3,963 / GBP
US / $69,732 / $5,811 / USD
Australian/ $98,148 / $8,179 / AUD
Canadian / $85,944 / $7,162 / CAD
Asian / $634,560 / $52,880/ HKD
Joined: Apr 2005
Posts: 209
Likes: 6
From: Australia
It just made the 25% pax pay cut last year down to only 20%! 
Considering Q is decent pay (with none of the "up north" issues) & they want 1500 pilots in the next 5 years.........the throw away line "to remain competitive" in the recruiting market is a joke.
Interesting times.
Considering Q is decent pay (with none of the "up north" issues) & they want 1500 pilots in the next 5 years.........the throw away line "to remain competitive" in the recruiting market is a joke.
Interesting times.
Joined: Jun 2007
Posts: 170
Likes: 0
From: Hong Kong
AUD-HKD now 7.3
Therefore,
1st Yr CX Capt 166,000 AUD per year
1st Yr CX F.O 108,800 AUD per year (not JFO)
1st Yr CX S.O 54,540 AUD per year
Obviously housing is the big x-factor here, but does that make that much of a difference to the bottom line, considering everything else????
I am not as smart as NC but that is the basics. Considering the uproar in Oz that VOz want to pay cruise F.Os (S.Os by any other name) b/w $45,000 and $60,000, why would they then even think about CX and Hong Kong???? Also, their command package of approx $220,000 all incl is looking much better now hey!!
Therefore,
1st Yr CX Capt 166,000 AUD per year
1st Yr CX F.O 108,800 AUD per year (not JFO)
1st Yr CX S.O 54,540 AUD per year
Obviously housing is the big x-factor here, but does that make that much of a difference to the bottom line, considering everything else????
I am not as smart as NC but that is the basics. Considering the uproar in Oz that VOz want to pay cruise F.Os (S.Os by any other name) b/w $45,000 and $60,000, why would they then even think about CX and Hong Kong???? Also, their command package of approx $220,000 all incl is looking much better now hey!!