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No need for concessions

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

Old 9th Jun 2020, 04:01
  #21 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 9
No, it is Carrie Lam!
30 billion
Oasis is offline  
Old 9th Jun 2020, 04:02
  #22 (permalink)  
 
Join Date: Aug 2007
Location: All over
Posts: 113
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)
fly1981 is offline  
Old 9th Jun 2020, 04:28
  #23 (permalink)  
 
Join Date: Dec 2010
Location: Here ---> X
Posts: 437
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.
Yonosoy Marinero is offline  
Old 9th Jun 2020, 04:37
  #24 (permalink)  
 
Join Date: Mar 2016
Location: Rabbit Hutch
Posts: 83
That will finish off bases. Canít use government money to keep people employed in other countries.
Dragon Pacific is offline  
Old 9th Jun 2020, 04:43
  #25 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 9
As long as bases are cheaper by way of whatever metrics they use, they will remain.
Oasis is offline  
Old 9th Jun 2020, 05:05
  #26 (permalink)  
 
Join Date: Aug 2008
Location: Polar Route
Posts: 2,007
Itís a big, public loan that comes with board oversight. On its face, no big deal. What Iím wondering is how involved the Mainland ChiComs are in this move... They own 30% of CX and, well, 100% of Carrie Lam!
cxorcist is offline  
Old 9th Jun 2020, 05:31
  #27 (permalink)  
 
Join Date: Feb 2008
Location: 35,000 feet
Posts: 41
Originally Posted by Dragon Pacific View Post
That will finish off bases. Canít use government money to keep people employed in other countries.
when all the based pilots still pay HKIRD Taxes?
viking avenger is offline  
Old 9th Jun 2020, 05:36
  #28 (permalink)  
 
Join Date: Jun 1999
Location: Oztrailia
Posts: 2,778
Originally Posted by Dragon Pacific View Post
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....
ACMS is offline  
Old 9th Jun 2020, 06:20
  #29 (permalink)  
 
Join Date: Jul 2014
Location: Hong Kong
Posts: 403
Originally Posted by ACMS View Post
What BS......youíd like that wouldnít 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.
OK4Wire is offline  
Old 9th Jun 2020, 06:30
  #30 (permalink)  
 
Join Date: Mar 2002
Location: Here & there
Posts: 762
Originally Posted by Dragon Pacific View Post
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!
BuzzBox is online now  
Old 9th Jun 2020, 06:46
  #31 (permalink)  
 
Join Date: Aug 2007
Location: All over
Posts: 113
Originally Posted by ACMS View Post
What BS......youíd like that wouldnít 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
fly1981 is offline  
Old 9th Jun 2020, 07:12
  #32 (permalink)  
 
Join Date: Jun 1999
Location: Oztrailia
Posts: 2,778
Originally Posted by fly1981 View Post
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 Jun 2020 at 07:40.
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Old 9th Jun 2020, 07:32
  #33 (permalink)  
 
Join Date: Jul 2018
Location: Straya
Posts: 6
The fact that CL chose to save Cathay over HKA says a lot! Our pals over HKA must be bummed by this.
ChrissyPrezzie is offline  
Old 9th Jun 2020, 07:52
  #34 (permalink)  
 
Join Date: May 2012
Location: HK
Posts: 43
Originally Posted by ChrissyPrezzie View Post
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
JMock is offline  
Old 9th Jun 2020, 09:12
  #35 (permalink)  
 
Join Date: Aug 2015
Location: Gerloz
Posts: 311
Originally Posted by ACMS View Post
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 youíre lucky ) 13th month........
HKG Cn tops out at year 4. There is no
SCN decrement
Globocnik is offline  
Old 9th Jun 2020, 10:26
  #36 (permalink)  
 
Join Date: Aug 2006
Location: The Cesspit
Posts: 296
Originally Posted by ACMS View Post
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 youíre lucky ) 13th month........
The captain scales arenít universally reflective of the comparison between bases and COS18. Look at the FO scales. Letís face it, there are a lot more FOís 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.
Progress Wanchai is offline  
Old 9th Jun 2020, 11:25
  #37 (permalink)  
hyg
 
Join Date: Oct 2007
Location: hong kong
Posts: 114
Originally Posted by cxorcist View Post
Itís a big, public loan that comes with board oversight. On its face, no big deal. What Iím 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 Jun 2020, 11:54
  #38 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 9
Hyg, a lot will have to happen for Swire to give up on Cathay.
It is more than just about money for the family.
Oasis is offline  
Old 9th Jun 2020, 11:56
  #39 (permalink)  
hyg
 
Join Date: Oct 2007
Location: hong kong
Posts: 114
Originally Posted by Oasis View Post
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 Jun 2020, 11:58
  #40 (permalink)  
 
Join Date: Jul 2013
Location: Hong Kong
Age: 52
Posts: 34
Almost all based guys are eligible for Arapa B scale on return to HK, so the COS18 comparison is a bit flawed.


Sam Ting Wong is offline  

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