Emirates specific questions....
Join Date: Apr 2009
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Do you guys think it's reasonable for a single FO, not a big spender (won't go and blow 40k on a new car etc), likes a few beers on off nights a few times a month and eating out a few times a month, apart from that no major expenses, be able to save around 60% of salary year one?
Join Date: Apr 2011
Location: Dubai
Age: 51
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Considering people in this country survive on salaries around 2500 dhs I´m pretty sure you can save around 90% of your salary. That said Dubai becomes a pretty boring place if you won´t spend your money but if you want to save just buy your groceries where the Indians do and take noodles to your layovers to save your allowance
Join Date: Jun 2002
Location: Dubai
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McNulty,
Quite easily, especially if you take the live out allowance. I have a 1 bedroom flat in a mid level neighbourhood which is quite nice and I make a profit of around $25 000 pa on the housing allowance alone.
Of course it is a remarkably small step from being a tight fist to being a big spender in this place. If you are earning a fat salary it is not unreasonable to spend $40k on a new 4x4 when you start justifying it to yourself(resale value, need transport anyway, safety on the roads, money just lying in the bank not earning interest, interest free company car loan, the Jones's, etc, etc).
Quite easily, especially if you take the live out allowance. I have a 1 bedroom flat in a mid level neighbourhood which is quite nice and I make a profit of around $25 000 pa on the housing allowance alone.
Of course it is a remarkably small step from being a tight fist to being a big spender in this place. If you are earning a fat salary it is not unreasonable to spend $40k on a new 4x4 when you start justifying it to yourself(resale value, need transport anyway, safety on the roads, money just lying in the bank not earning interest, interest free company car loan, the Jones's, etc, etc).
Join Date: Jan 2002
Location: UAE
Age: 44
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I know single FO's who save £3.5k and FO's with families who save £1.5k a month. Then I know other FO's who want to enjoy life and buy and do the things they normally wouldnt be able to afford and save next to nothing.
You can either go and enjoy the fact your stuck in the desert or countdown the days until you leave with a lump of cash.
You can either go and enjoy the fact your stuck in the desert or countdown the days until you leave with a lump of cash.
Join Date: Aug 2000
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The Company pays utilities. Stay below the cap and you never see a bill. AFAIK noone has actually been billed for Utilities, but I stand to be correccted. We are by no means frugal users and have never been billed.
Actually Mad, I made that post and I HAVE been corrected.
It's looking like I will be out a couple of thousand, and this is a breach of my contract.
Not much I can do except sue and lose or leave.
Just going to have to suck it up, but it doesn't go down well.
It's looking like I will be out a couple of thousand, and this is a breach of my contract.
Not much I can do except sue and lose or leave.
Just going to have to suck it up, but it doesn't go down well.
For the year.
We didn't realize the gardener was putting the water on four times a day.
It's not going to be a fortune, but it is still annoying.
We didn't realize the gardener was putting the water on four times a day.
It's not going to be a fortune, but it is still annoying.
Join Date: Mar 2012
Location: Chicago, Illinois
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regional FO's frowned upon??
Hello-
Someone said that regional fo's are frowned upon. Does anyone know any pilots that came from an american regional?
Thanks!
(Wife of flyer27)
Someone said that regional fo's are frowned upon. Does anyone know any pilots that came from an american regional?
Thanks!
(Wife of flyer27)
Join Date: Mar 2003
Location: uae
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It's not the A/C size as much as attitude, a lot of the RJ pilots were RJ Capt's and think they know everything. Those that are 320/73 NG were FO's(mostly) and don't come with the attitude.
Join Date: Apr 2010
Location: hearth
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Oh yeah...because EK is the depositary of knowledege...right?
You know everything there in the desert You are all scientist and rocket engineer. UAE has invented aviation and aussies have perfected it?
Mhh...looks to me UAE never invented anything and aussie became so anal in time as they are just trying to compensated for their origins...
You know everything there in the desert You are all scientist and rocket engineer. UAE has invented aviation and aussies have perfected it?
Mhh...looks to me UAE never invented anything and aussie became so anal in time as they are just trying to compensated for their origins...
Join Date: Jul 2011
Location: San Francisco
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S&M,
I dont know if you received an answer regarding how much you can save but i used to be in the same boat as you. To be honest, it depends on how well you manage your money. Some people save and others live paycheck to paycheck. As a background, i used to be a regional pilot and own two homes in the states that are completely paid off and make residual income on my rentals. We travel alot (atleast once every two months) and live within our means. Nothing fancy except for our car but wanted a safe car to protect my loved ones. We eat out twice a week and maximize the discounts using the EPC and Platinum cards which gives discounts up to 20% on food. Not really a drinker so i guess i save money there but sometimes i wish i drank to drive away the frustrations of some local affairs
I put away $1500 a months for my retirement fund and send $1500 a month to my US savings account. There is also a Provident Fund set up by the company which is approximately $1000 per month (4% by you and 14% (??) by the company. You do not get your full entitlement to the fund till 7 years in the company.
Basically, $2500 goes to my retirement and $1500 to my savings per month. The rest is spent by my wife and child This place is not perfect but we are very happy we made the move.
Remember, its not how much you make but how well you manage your money.
snookie
I dont know if you received an answer regarding how much you can save but i used to be in the same boat as you. To be honest, it depends on how well you manage your money. Some people save and others live paycheck to paycheck. As a background, i used to be a regional pilot and own two homes in the states that are completely paid off and make residual income on my rentals. We travel alot (atleast once every two months) and live within our means. Nothing fancy except for our car but wanted a safe car to protect my loved ones. We eat out twice a week and maximize the discounts using the EPC and Platinum cards which gives discounts up to 20% on food. Not really a drinker so i guess i save money there but sometimes i wish i drank to drive away the frustrations of some local affairs
I put away $1500 a months for my retirement fund and send $1500 a month to my US savings account. There is also a Provident Fund set up by the company which is approximately $1000 per month (4% by you and 14% (??) by the company. You do not get your full entitlement to the fund till 7 years in the company.
Basically, $2500 goes to my retirement and $1500 to my savings per month. The rest is spent by my wife and child
This place is not perfect but we are very happy we made the move. Remember, its not how much you make but how well you manage your money.
snookie
Join Date: Mar 2012
Location: In a bunk
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Therefore presuming kids education looked after, and housing looked after. What could a guy joining up as captain on 777 expect to take home in usd. Say for 75 hours a month and average layover allowance. Just for comparison purposes.
Presuming that housing and education is 'completely' taken of. And what is this profit share. Include that too.
Am currently taking home about 18k Usd( 75 hrs ) with kids education and decent house looked after.
Cheers
Presuming that housing and education is 'completely' taken of. And what is this profit share. Include that too.
Am currently taking home about 18k Usd( 75 hrs ) with kids education and decent house looked after.
Cheers
11,237USD basic 1st Year Captain.
+
1,226USD for 75 hours.
Deduct 5% of basic as your contribution to your Provident Fund.
Deduct a few other bits and pieces like medical insurance and phone charges and you won't quite take home 12,000USD . Schooling may not be completely covered by the company and that could bring you closer to 11,000USD.
The good news is that you might be doing a lot more than 75 hours, unless you have some leave or Training/Check events. Although the company will try to but not always succeed in keeping you at or just slightly under 92 hours as this is where the overtime threshold cuts in.
Layover allowances are in the range 50-90USD/24 hours.
I doubt there will be a profit share this year although I would like to be wrong. It once hit 14 weeks but that was back in the good times.
+
1,226USD for 75 hours.
Deduct 5% of basic as your contribution to your Provident Fund.
Deduct a few other bits and pieces like medical insurance and phone charges and you won't quite take home 12,000USD . Schooling may not be completely covered by the company and that could bring you closer to 11,000USD.
The good news is that you might be doing a lot more than 75 hours, unless you have some leave or Training/Check events. Although the company will try to but not always succeed in keeping you at or just slightly under 92 hours as this is where the overtime threshold cuts in.
Layover allowances are in the range 50-90USD/24 hours.
I doubt there will be a profit share this year although I would like to be wrong. It once hit 14 weeks but that was back in the good times.
Join Date: Mar 2012
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Excellent info whossorrynow! Very informative indeed.
So take home SALARY in the range of say 11.5 k Usd PM.
And what would be the average, just average layover allowances for the same flight hours PM. Just a reasonable ball park. So that i can do the math. And what was the profit share you got this year and last.
Sorry or the barrage of Q's, but its a big move.
Thanks again. Great info earlier ..
So take home SALARY in the range of say 11.5 k Usd PM.
And what would be the average, just average layover allowances for the same flight hours PM. Just a reasonable ball park. So that i can do the math. And what was the profit share you got this year and last.
Sorry or the barrage of Q's, but its a big move.
Thanks again. Great info earlier ..