The clouds may be lifting...
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The clouds may be lifting...
Was going to add this post to the recruitment 2011 thread but thought it may warrant a new start.
There is a possibility, boys and girls, that there may indeed be more than just silver lining on the horizon!
I'm an experienced pilot of 10yrs fortunate to be employed during these tough times, but I still occasionally look in on these forums. I can tell you the situation at BA and therefore a lot of other airlines has the potential to change significantly.
Recent changes in the budget regarding tax relief thresholds and pension relief mean that many at BA will see significantly increased tax liabilities going forward. Anybody earning over £100k will get caught, but anybody earning over £130k, even by just 1p may as well not bother. This is about pp20 at BA and ensnares the top 700 Capts.
The detail is very complicated, runs to pages and pages on the BA Balpa forum, I couldn't begin to explain it (mostly because I don't understand it) but...... the important thing is for the top 700 you can take BA's 72% part time contract and keep 98% of your take home pay.
The important bit of this ramble is there is potential to see a rapid and significant increase in recruitment at BA (and others) going forward. The benefits to wannabes don't stop there either. Training pilots will need to keep earnings below the threshold as well, ergo more part time trainers, more line pilots recruited to become trainers= more recruitment of line pilots. Also many will try to avoid overtime at all costs to keep below the earnings threshold, this work will also need to be covered by....more recruitment.
BA and Balpa have started what have been described as urgent talks on how to sort out this mess (created by Darling and Brown). But there are benefits to both parties. BA manages to get a large number of its most expensive pilots to go part time and within the pilot ranks the seniority stagnation caused by retirement age legislation is mitigated and new commands/movement created. The losers are the people who work hard, achieve their goals, and have the temerity to be rewarded accordingly. The soft underbelly of middle England eh..
All the above is obviously subject to change in tax law/government/BA policy etc., but, ladies and gents, the country has a v large hole in its accounts that needs to be filled can't see it being repealed anytime soon.
I don't think I would start flying training on the back of this news, but it might be time to dust off the licence and get current!
There is a possibility, boys and girls, that there may indeed be more than just silver lining on the horizon!
I'm an experienced pilot of 10yrs fortunate to be employed during these tough times, but I still occasionally look in on these forums. I can tell you the situation at BA and therefore a lot of other airlines has the potential to change significantly.
Recent changes in the budget regarding tax relief thresholds and pension relief mean that many at BA will see significantly increased tax liabilities going forward. Anybody earning over £100k will get caught, but anybody earning over £130k, even by just 1p may as well not bother. This is about pp20 at BA and ensnares the top 700 Capts.
The detail is very complicated, runs to pages and pages on the BA Balpa forum, I couldn't begin to explain it (mostly because I don't understand it) but...... the important thing is for the top 700 you can take BA's 72% part time contract and keep 98% of your take home pay.
The important bit of this ramble is there is potential to see a rapid and significant increase in recruitment at BA (and others) going forward. The benefits to wannabes don't stop there either. Training pilots will need to keep earnings below the threshold as well, ergo more part time trainers, more line pilots recruited to become trainers= more recruitment of line pilots. Also many will try to avoid overtime at all costs to keep below the earnings threshold, this work will also need to be covered by....more recruitment.
BA and Balpa have started what have been described as urgent talks on how to sort out this mess (created by Darling and Brown). But there are benefits to both parties. BA manages to get a large number of its most expensive pilots to go part time and within the pilot ranks the seniority stagnation caused by retirement age legislation is mitigated and new commands/movement created. The losers are the people who work hard, achieve their goals, and have the temerity to be rewarded accordingly. The soft underbelly of middle England eh..
All the above is obviously subject to change in tax law/government/BA policy etc., but, ladies and gents, the country has a v large hole in its accounts that needs to be filled can't see it being repealed anytime soon.
I don't think I would start flying training on the back of this news, but it might be time to dust off the licence and get current!
Last edited by Super Stall; 3rd May 2010 at 14:53.
