CX Housing Allowance correction
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Join Date: Jul 2005
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CX Housing Allowance correction
I'm guessing this information found on APC (our version of PPRune) is very wrong!!
2 types of allowances: (a) the cash housing allowance which is $14,000, $18,000 or 24,000 HKD (dependent on position and years of service, or the mortgage allowance, which is variable/fixed, currently at $5,800/mo.
I Thought you guys got roughly 9200 USD for HKG housing!
If the info needs correcting, the site is:
http://www.airlinepilotcentral.com/a...y_pacific.html
And maybe post something in this thread so I don't look so stupid:
http://www.airlinepilotforums.com/ca...itfalls-6.html
Thanks!
2 types of allowances: (a) the cash housing allowance which is $14,000, $18,000 or 24,000 HKD (dependent on position and years of service, or the mortgage allowance, which is variable/fixed, currently at $5,800/mo.
I Thought you guys got roughly 9200 USD for HKG housing!
If the info needs correcting, the site is:
http://www.airlinepilotcentral.com/a...y_pacific.html
And maybe post something in this thread so I don't look so stupid:
http://www.airlinepilotforums.com/ca...itfalls-6.html
Thanks!
Last edited by skypine27; 15th Oct 2010 at 21:19.
Join Date: Dec 2005
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awww, that's sweet ... now we can expect a lot of public support when we do get some sort of industrial action on the way...
I can read the SCMP headline already: greedy overpaid pilots, whose housing allowance alone amounts to XYZ p.a. want even more money...
thanks for putting all these numbers in the public domain ...
I can read the SCMP headline already: greedy overpaid pilots, whose housing allowance alone amounts to XYZ p.a. want even more money...
thanks for putting all these numbers in the public domain ...
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Have to agree....very little sympathy with getting your mortgage paid for with an 8k USD/month payment ! that's a laugh. Not to mention the rental rates. Very little sympathy...small tax or not.
I suggest you keep likely the best expat terms on the planet pretty quiet.
I suggest you keep likely the best expat terms on the planet pretty quiet.
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You guys are a complete embarrassment! Who gives a sh!t about what the public thinks. Since when are we fighting a political war?? You either have a valid argument for a pay rise or you don't!!! Trying to hide actuall numbers to make it look like you're far worse off is disgraceful!!! Firstly, don't you think Cathay will make those figures public when the **** hits the fan?? Secondly, like it or not it is public knowledge! Do you make your real estate agent sign a code of secrecy when you deal with him/her?? NO! Did Cathay make potential candidates sign a code of secrecy when they were here on interviews and were inquiring about the package?? NO! So get over yourselves, if Simon wants to get the figures all he has to do is contact management, there is no need to hunt for that information on PPrune. Absolutely right, you can't teach common sense 
Last edited by Flap10; 16th Oct 2010 at 19:31.
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Put it into perspective please!
Hang on everyone! Put it into perspective, other professionals have their housing paid for and even more than CX pilots. Rental subsidy for some of these other professionals can almost double our housing. Have you ever wondered what some of our Senior Managers get?
The reality is that the housing is less than the full rental, so there is a lose, in regards to the total amount compared to rental, so why get worked up about it.
IT IS NOT PART OF SALARY. It is separate! It is paid for compensating the clearly excessive rents that landlords demand for their homes/apartments in Hong Kong. It is appropriate if you choose or are told to live in Hong Kong.
When you start to think in local terms, instead of expatriate, you are beginning to allow that thinking to permeate into not being able to distinguishing apples from oranges. So what if the public know.
Housing for expatriates is a DIFFERENT issue, especially if you qualify as a so called professional - but then again, maybe you accept the rhetoric that perhaps you're not - something to think about!
The reality is that the housing is less than the full rental, so there is a lose, in regards to the total amount compared to rental, so why get worked up about it.
IT IS NOT PART OF SALARY. It is separate! It is paid for compensating the clearly excessive rents that landlords demand for their homes/apartments in Hong Kong. It is appropriate if you choose or are told to live in Hong Kong.
When you start to think in local terms, instead of expatriate, you are beginning to allow that thinking to permeate into not being able to distinguishing apples from oranges. So what if the public know.
Housing for expatriates is a DIFFERENT issue, especially if you qualify as a so called professional - but then again, maybe you accept the rhetoric that perhaps you're not - something to think about!
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I'm confused.
What's wrong with receiving $50k+ USD per year extra to pay for your mortgage?
That's like paying off a place while keeping your income on top of that. I can't see how you can go wrong with that unless you're not receiving any...
What's wrong with receiving $50k+ USD per year extra to pay for your mortgage?
That's like paying off a place while keeping your income on top of that. I can't see how you can go wrong with that unless you're not receiving any...
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JFO and above.......
HK$24,000/mth
These are known as "base rates"...this is the amount you can take as cash in lieu of rental allowance, if you choose.
RENTING
As an SO, if you want to Rent, CX will pay HK$29,500 per month (US$3800)
FO:
Year 1-7 HK$59,000/mth (US$7600)
Year 8+ HK$75,900/mth (US$9800)
Capt:
HK$92,700/mth (US$11,900)
BUYING:
If you choose to buy a property in HK then CX will pay your mortgage at:
HK$59,000 - $63,000/mth (US$7600 - US$8100)
Apart from the "base rates" all other housing benefits are linked to the HK Government Rental Index, so they do change monthly.
HK$24,000/mth
These are known as "base rates"...this is the amount you can take as cash in lieu of rental allowance, if you choose.
RENTING
As an SO, if you want to Rent, CX will pay HK$29,500 per month (US$3800)
FO:
Year 1-7 HK$59,000/mth (US$7600)
Year 8+ HK$75,900/mth (US$9800)
Capt:
HK$92,700/mth (US$11,900)
BUYING:
If you choose to buy a property in HK then CX will pay your mortgage at:
HK$59,000 - $63,000/mth (US$7600 - US$8100)
Apart from the "base rates" all other housing benefits are linked to the HK Government Rental Index, so they do change monthly.
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411A, you really have a talent!
Just because one idiot had a brain fart and publicised the info previously, you don't have to do the same just to prove you don't agree with it or that you think the amounts are too large. Living there, I know the amounts are not excessive and do not even come close to the figures other expats in HK are given. The actual $dollars$ figure means little, it is the size of the shoebox that is more important.
I know you enjoy being provocative, that's half the fun of reading your posts, but really does this one contribute anything positive?
Please make sure you don't trip over your zimmer frame on the way back to your retirement home, and if you are not booked into one yet, perhaps it's approaching that time.
So how about a rethink, and consider the edit/delete option? pulease?
Just because one idiot had a brain fart and publicised the info previously, you don't have to do the same just to prove you don't agree with it or that you think the amounts are too large. Living there, I know the amounts are not excessive and do not even come close to the figures other expats in HK are given. The actual $dollars$ figure means little, it is the size of the shoebox that is more important.
I know you enjoy being provocative, that's half the fun of reading your posts, but really does this one contribute anything positive?
Please make sure you don't trip over your zimmer frame on the way back to your retirement home, and if you are not booked into one yet, perhaps it's approaching that time.
So how about a rethink, and consider the edit/delete option? pulease?
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As if the SCMP or any other quality journalistic organ in HKG hasn't previously sent a reporter over to the (G)Aviator and earwigged some rather loud alcohol fuelled conversations...
And the staff in the HKG banks where you go to get your mortgages, of course they keep their lips tightly sealed...
And the property agents that arranged your lease...
And your other half chatting at a coffee morning in Sai Kung/The Experiment....
There are no secrets in HKG, so deal with it. What a bunch of turkeys you really are!
Best Regards,
N1 Vibes
And the staff in the HKG banks where you go to get your mortgages, of course they keep their lips tightly sealed...
And the property agents that arranged your lease...
And your other half chatting at a coffee morning in Sai Kung/The Experiment....
There are no secrets in HKG, so deal with it. What a bunch of turkeys you really are!
Best Regards,
N1 Vibes
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what is the terms and conditions for getting a housing allowance? if i would to join cx now ( i have flown the a330 and am holding a b772 rating) as an F/O,, will i be getting the allowance? needs some info here... thanks
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Get in line man, even when they do start hiring again I think we can forget about the housing allowance. For me that makes Cathay NOT worth it. Even if time to command is very very long, having a few apartments paid off by Cathay would financially be worth it even as a 15 year first officer. But, stalled career progression, no housing= 0 attraction for me. I've been in the DESO pool since 2008. One thing that is still fairly nice (better then EK, EY) is CX pilot schedule, although that can also change overnight. I too fly heavies but would have taken the back seat, ONLY with the housing allowance.