No real need for concessions
 

At the end of March the company reported it had 20 billon HKD in liquidity. The sale of the 777s gained another 5.5 billon HKD. The company also reported it could easily call on more liquidity. More recently Qatar has said it would happily provide additional funds (for a bigger slice).

We do not need to make concessions. Aircrew salaries are only 9% of the direct operating costs according to Airbus (they also say fuel is 40% - but for CX at times it probably closer to 80% considering our masters' fuel hedging).

If we do make concessions they should only last as long as the current slump in demand.

If they try to force us onto POS18 it will be the end of us. The POS18 documents are available on IntraxCX. Take a look (search for COS18 and navigate to the web page with the Handbook and COS documents). I knew COS18 was a POS, but I can't believe just how bad it is. Those who have signed up for it must have been really desperate.

agree, yield will return at some point.

This is a time for near term concessions not for permanent contractual change.

The narrative is forming, the target is in sight, management are now timing the strike.

No real need for concessions?

Possibly, but I fear it’s a rather hypothetical statement that is quite irrelevant to what’s about to happen. Need and want seem to be interchangeable verbs on both sides of the industrial table and as such has stifled intelligent discussions on a way forward. In 2017 the DFO “needed” permanent concessions. Throughout the last two years we’ve heard the AOA tell us we “need” adjustments to pay, HKPA, CEA, RP’s. Now we’ll probably hear there isn’t a “need” for adjustments to pay, HKPA, CEA, ARAP, PF, RP’s etc. You can’t have it both ways unless it was never a need to begin with, but simply a want with leverage from market forces and its resulting attrition.

Market forces can work for and against the pilot body. If you think pilots were desperate enough to sign POS18 in 2018/19, have a guess as to the level of desperation in 2020. The pilot body squandered its industrial leverage. Do you think management will do the same simply because you don’t think it’s “needed”?

You think our agreement to concessions will be required?

Hilarious 😅😅😅😅😅

Has anyone (including the AOA and branches) written or been in touch with management to ask why is this extended silence and uncertainty that is destroying morale continuing, and has management been in touch or are consulting the aoa or anyone about the future structure of CXKAAHE ?

Though one may be assured that No news is Good news...

Just do everyone a favor... don’t sign anything unless they are willing to put your head on a stake. Make it “sign or be fired”... That way, we can expose them for exactly what a CX contract in HK means, which is nothing.

Interestingly the DPA have been told LIFO still stands (including the COS18 people currently employed). The date for the AOA meeting now coincides with that of the DPA. Make of that what you will. I would expect it will be a common theme for both associations.

Has a date been set?

You may have noticed that Sten Kroutil and Chris Hoyland have returned to the "negotiating" team for CX. Anyone who was here through the early 2000's will well understand that things are about to get decidedly worse. In particular, Kroutil seems to have made it his mission to destroy the terms and conditions of pilots both here and in Canada. Speaking of viruses...

Both of those two are absolutely horrible individuals, they have absolutely no redeeming features .

Severance packages for senior captains, 6-9 month temporary pay reductions, 100% HKAOA commitment not to sign any other CoS. Nothing less.

Yes I do. Under HKG Law a company can't force a worse contract on a employee, the employee must agree to the changes.

We had to agree to SLS - a variation of your contract which was to your disadvantage. Whereas a few years ago the company 'settled' our pay increase demands with a lesser increase they could impose on us without agreement as it was an improvement on our conditions.

When a new COS is presented to us don't be a little bitch, grow a pair and evaluate the consequences, before you agree to anything.

After all the talk of working together and fixing the divide between aircrew and management it appears they are determined to pineapple us (if Sten K or Chris H were on fire I would piss AVGAS on to them).

The meetings are 10 June

SK in particular is a nasty piece of work. If he is being brought over it can only be bad news for us, a pilot hater to the core.

Agree, D68.

SK's attitude to pilots makes it look like Hitler's ideas on the jews was a slight disagreement over which hymn to sing on Sunday mass.

Have at look at the latest DFO's reply (dated 21st May) in the Letters Section of the HKAOA website for a hint of what's coming.

Wow, talk about deluded.
Whether you think we need to make concessions or not has exactly zero influence on the outcome. The HKAOA and 3500 pilots will be passengers on this journey.

I suppose the meeting was delayed for 14 day quarantine, of course the disease of SK AND CH is worse the. Covid

I'm not deluded at all. There is no real reason for us to make concessions. I am fully aware and pissed off that the ****ers who run this outfit will use this disaster to rape us.

Would the HK immigration department let a more junior HK PR holder be let go before a more senior person on an employment visa ?

For some time now all new hires have had to hold HKID cards before employment.

It maybe LIFO, but starting with employment visa holders. Retains the cheapest employees.