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Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

No need for concessions

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Old 9th June 2020 | 04:01
  #21 (permalink)  
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Joined: Mar 2000
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From: the land of chocolate
No, it is Carrie Lam!
30 billion
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Old 9th June 2020 | 04:02
  #22 (permalink)  
 
Joined: Aug 2007
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From: All over
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3088130/trading-cathay-pacific-hal

there you go( if scmp is to be believed)
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Old 9th June 2020 | 04:28
  #23 (permalink)  
 
Joined: Dec 2010
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From: Here ---> X
Well, I did NOT see that coming...

Maybe the 2 advisors they put on the board can prevent the next fuel hedging or cargo fine debacle.
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Old 9th June 2020 | 04:37
  #24 (permalink)  
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From: Rabbit Hutch
That will finish off bases. Can’t use government money to keep people employed in other countries.
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Old 9th June 2020 | 04:43
  #25 (permalink)  
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From: the land of chocolate
As long as bases are cheaper by way of whatever metrics they use, they will remain.
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Old 9th June 2020 | 05:05
  #26 (permalink)  
 
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From: Polar Route
It’s a big, public loan that comes with board oversight. On its face, no big deal. What I’m wondering is how involved the Mainland ChiComs are in this move... They own 30% of CX and, well, 100% of Carrie Lam!
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Old 9th June 2020 | 05:31
  #27 (permalink)  
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From: 35,000 feet
Originally Posted by Dragon Pacific
That will finish off bases. Can’t use government money to keep people employed in other countries.
when all the based pilots still pay HKIRD Taxes?
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Old 9th June 2020 | 05:36
  #28 (permalink)  
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From: Oztrailia
Originally Posted by Dragon Pacific
That will finish off bases. Can’t use government money to keep people employed in other countries.

What BS......you’d like that wouldn’t you!!

Bases are the cheapest Pilots in Cx bar none. A country mile cheaper....and they will take a 25% pay cut this year alone on top of their already 30% cheaper salaries....
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Old 9th June 2020 | 06:20
  #29 (permalink)  
 
Joined: Jul 2014
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From: Hong Kong
Originally Posted by ACMS
What BS......you’d like that wouldn’t you!!

Bases are the cheapest Pilots in Cx bar none. A country mile cheaper....and they will take a 25% pay cut this year alone on top of their already 30% cheaper salaries....
Amazing how few can see this.
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Old 9th June 2020 | 06:30
  #30 (permalink)  
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From: Moved beyond
Originally Posted by Dragon Pacific
That will finish off bases. Can’t use government money to keep people employed in other countries.
You seem to forget that CX also employs a number of ground staff in 'other countries'. According to your logic, CX would need to get rid of them too!
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Old 9th June 2020 | 06:46
  #31 (permalink)  
 
Joined: Aug 2007
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From: All over
Originally Posted by ACMS
What BS......you’d like that wouldn’t you!!

Bases are the cheapest Pilots in Cx bar none. A country mile cheaper....and they will take a 25% pay cut this year alone on top of their already 30% cheaper salaries....
not cheaper than cos 18
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Old 9th June 2020 | 07:12
  #32 (permalink)  
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From: Oztrailia
Originally Posted by fly1981
not cheaper than cos 18
Wrong....still cheaper than Cos18......

Top increment year 17 SCN pay in Aus is still around $500,000 HKD less than HKG SCN on Cos18..

Plus based Pilots get no expat allowances at all, zip nada zilch.

Their basic wage is still cheaper than HK at current exchange rates, by a country mile, then throw in the $360,000 yr housing cash and possible up to $180,000 yr education ( up to 3 kids ) and maybe ( if you’re lucky ) 13th month........

Last edited by ACMS; 9th June 2020 at 07:40.
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Old 9th June 2020 | 07:32
  #33 (permalink)  
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From: Straya
The fact that CL chose to save Cathay over HKA says a lot! Our pals over HKA must be bummed by this.
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Old 9th June 2020 | 07:52
  #34 (permalink)  
 
Joined: May 2012
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From: HK
Originally Posted by ChrissyPrezzie
The fact that CL chose to save Cathay over HKA says a lot! Our pals over HKA must be bummed by this.
dunno
it appears HKA might have been saved on the QT already

time will tell
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Old 9th June 2020 | 09:12
  #35 (permalink)  
 
Joined: Aug 2015
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From: Gerloz
Originally Posted by ACMS
Wrong....still cheaper than Cos18......

Top increment year 17 SCN pay in Aus is still around $500,000 HKD less than HKG SCN on Cos18..

Plus based Pilots get no expat allowances at all, zip nada zilch.

Their basic wage is still cheaper than HK at current exchange rates, by a country mile, then throw in the $360,000 yr housing cash and possible up to $180,000 yr education ( up to 3 kids ) and maybe ( if you’re lucky ) 13th month........
HKG Cn tops out at year 4. There is no
SCN decrement
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Old 9th June 2020 | 10:26
  #36 (permalink)  
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From: The Cesspit
Originally Posted by ACMS
Wrong....still cheaper than Cos18......

Top increment year 17 SCN pay in Aus is still around $500,000 HKD less than HKG SCN on Cos18..

Plus based Pilots get no expat allowances at all, zip nada zilch.

Their basic wage is still cheaper than HK at current exchange rates, by a country mile, then throw in the $360,000 yr housing cash and possible up to $180,000 yr education ( up to 3 kids ) and maybe ( if you’re lucky ) 13th month........
The captain scales aren’t universally reflective of the comparison between bases and COS18. Look at the FO scales. Let’s face it, there are a lot more FO’s in the company than captains.

Using your Australian based scenario, an Aus based FO on the top increment is on about 10% more than his COS18 equivalent, including housing. When just basic wage is taken into account the Hkg FO is on 65% of the Aus equivalent.
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Old 9th June 2020 | 11:25
  #37 (permalink)  
hyg
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Joined: Oct 2007
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From: hong kong
Originally Posted by cxorcist
It’s a big, public loan that comes with board oversight. On its face, no big deal. What I’m wondering is how involved the Mainland ChiComs are in this move... They own 30% of CX and, well, 100% of Carrie Lam!
swire is done with cx.... on its face, they are still the majority shareholder, but with 2 'party nominated secretaries' watching, if those 2 decided to provide "opinion" in board meetings, do you think the Swire management will dare to say no?

This will probably also mark the end to any kind of industrial action, regardless of group, the Government has specifically said they will 'speak out' when it involves 'public interest', so anything that would disrupt travel, that's it....
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Old 9th June 2020 | 11:54
  #38 (permalink)  
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From: the land of chocolate
Hyg, a lot will have to happen for Swire to give up on Cathay.
It is more than just about money for the family.
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Old 9th June 2020 | 11:56
  #39 (permalink)  
hyg
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From: hong kong
Originally Posted by Oasis
Hyg, a lot will have to happen for Swire to give up on Cathay.
It is more than just about money for the family.
didn't say they will give up... just saying they don't have the ultimate call on decisions like they used to anymore
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Old 9th June 2020 | 11:58
  #40 (permalink)  
 
Joined: Jul 2013
Posts: 504
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From: one country, one system
Almost all based guys are eligible for Arapa B scale on return to HK, so the COS18 comparison is a bit flawed.


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