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Bond for rejoining rated pilots?

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Bond for rejoining rated pilots?

Old 29th Oct 2022, 07:13
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Bond for rejoining rated pilots?

Someone sent me the following. Is there any truth behind this rumour?

Just heard Cx is levying a $HK260 thousand bond on re-joining type rated pilots.
Huh? That is a very strange thing to do imo. But hey, the entire world is getting nuttier by the day.
Anyone heard any news?
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Old 29th Oct 2022, 08:36
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I knew there would be a catch!

They get a free pilot, but they still want to see money.

Same amazing decision making as the HKG government.
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Old 29th Oct 2022, 09:28
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I feel it is $280k. They just have to screw that extra 20,000 out of you if you decide to leave the prison island. Is it like the old days that bonding for training in HK is not legal?
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Old 29th Oct 2022, 09:52
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How about they give the returning pilot a 280k hkd re-sign on bonus instead?

Opposite-think as usal.
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Old 29th Oct 2022, 11:20
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Are people returning ??
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Old 29th Oct 2022, 12:14
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The Clark refueler told me that about 100 ex KA boys and girls have joined (rejoined?) CX.
Local spouses or tad bit short on $$$ as main reason.
I hear that the only way for CX is up.
Each to their own.
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Old 29th Oct 2022, 13:24
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The Clark refueler sure has some connections alright. From rock bottom, the only way is up, correct.

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Old 29th Oct 2022, 14:39
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The way things are going the sim instructors will be all leaving. Management tried to offer a so called raise which was seen by many as an insult!
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Old 29th Oct 2022, 15:36
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With jobs available around the world, frankly, if you’re stupid/lazy enough to go back there, you deserve to be fleeced.
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Old 30th Oct 2022, 02:23
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Remember - its a rumour network....
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Old 30th Oct 2022, 04:15
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Yes it is true, however it’s called a training loan.
$280k / 3 years.
So far about 8 guys have signed up.
But for many it’s now a no go!
They believe guys will simply return to get current, but that may take 12 months, and then leave.
Cx , Rooster one day, feather duster the next!
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Old 30th Oct 2022, 06:03
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“Premium” airline, Ryanair conditions.

I don’t know what it’s like now, but pre-covid, new joiners on POS18 had to pay the company $xxxxx per month for their training for 3 years.

Regardless of what CX does bond wise, it will and can never be enforced in any decent first world countries.
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Old 30th Oct 2022, 11:57
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You don’t actually get the $280k paid to you, CX holds the cash BUT you still get taxed on it.
They are literally pissing their pants laughing at how retarded the pilots are.

7-day look back now prevents you from going home on G days and makes G days ‘Company Days ‘ where they prevent you leaving HK.
What next, indentured servitude?

8 new joiners ex-KA
15 new sim instructors recruited to replace the 16 who resigned.
Nett win for the accountants.

In a nice puff piece of history revisionism this week is was stated that KA went bankrupt; apparently it was not shutdown as part of a restructure after all.
And the “flagship” A350….wow!

You get what you deserve.
And its not Stockholm Syndrome - its Battered Spouse Syndrome

When a Brushtail jet taxy’s by the general comment on the flight deck is “look at those poor [email protected]
If you work for CX people feel sorry for you.
It’s not something to be proud of.

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Old 31st Oct 2022, 22:48
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Head in the sand!

They obviously didn’t notice that seniority number of most just jumped by at least 20 overnight!
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Old 1st Nov 2022, 03:07
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Battered Spouse Syndrome indeed, with a dash of Stockholm Syndrome!

You would have to be absolutely mental to either stay, or return to CX. But to return.... wow.

I feel very sorry for my respected ex colleagues who didn't have the stones to leave, or felt that things might get better. They won't.

CX deserves everything it gets, and I fear soon it will be GBA, and that's game over then. Welcome to a crappy 3rd tier Chinese city. What a disgusting prospect.

I was at CX for 20 years and did very well out of it. I thank CX for the high standard of training, so everywhere I go now is a walk in the park. And I thank them for making me a USD millionaire twice over on the housing allowance. Something my BA, LH and KL mates wouldn't have got.

So thank you CX. Loved the time there, but adios!
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Old 1st Nov 2022, 03:24
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Originally Posted by SabrinaSenior View Post
They obviously didn’t notice that seniority number of most just jumped by at least 20 overnight!
Head up your ass.

You obviously didn’t notice your seniority moved overnight because Debs finally drew a line through the names of your unfortunate based colleagues. Your number changing was just a symptom of another management mass sacking, not an employee lead mass resignation.
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Old 1st Nov 2022, 06:02
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Bond, Bonding .....

The Brits used this for centuries, now China is on board.

Bonding "employees" is just another name for "indentured servitude"

Were ya'll just born with no sense or did your mommy mentors teach it to you ?
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Old 1st Nov 2022, 22:30
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Basically. Cathay Pathetic is now an airline for losers! CX just made that clear by making a joke become a joke of its own kind! The last word to be said - SAD!
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Old 2nd Nov 2022, 05:52
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I'm trying to work this out:

Many countries / airlines around the world bond their pilots for one reason, because they have been burned by pilots coming in and getting ratings which cost a lot of time and money, and then in a few months those pilots just pack up and leave. I'm not 100% sure of the terms of this CX bond, but you cannot be taxed unless you are actually paid that money into your bank account etc. If the bond is $280k over 3 years and reduces pro-rata then so what? I don't see the issue here.. if you leave after 1 day you pay back $280k, if you leave after 1.5 years you pay back $140k, etc. After 3 years you owe nothing, am I correct in that?

If that is the case, then surely the guys who are returning or new people don't mind because they are going to be at CX for longer than 3 years? This is also done so the company gets a stable work force.

I have been bonded before, on 2 aircraft types. No money comes out of my payslip, its just numbers reducing daily until X amount of years was up and then I'm free of it (was normally 2 years) So in essence it never cost me a cent. I have seen some bonds on a 737 for $50k USD over 8 years and it only starts reducing on year 3! Now that is ridiculous and they can shove that.

So again, I haven't seen the fine print but 3 years is reasonable to me if it's just numbers on a screen.
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Old 2nd Nov 2022, 07:23
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Oli777 - Was it before or after Covid when you were bonded? If it was before Covid, then you did not go through the pain and suffering those folks have gone through. Firing your pilots and then ask them to rejoin and bond them again, this does not sound human at all. I think the issue is more of a psychological one. Btw, if a company is so worried about losing pilots, they probably need to ask that question, WHY? They need to ask, what have we done wrong? And how can we improve the condition here so that people would come and enjoy working for us? That's the way of thinking, imop!
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