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EK Raises New-Hire Bond to 5 yrs / $45,000 USD

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EK Raises New-Hire Bond to 5 yrs / $45,000 USD

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Old 8th May 2014, 12:28
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EK Raises New-Hire Bond to 5 yrs / $45,000 USD

I thought this deserved its own thread. I'd hate for any prospective new joiners to miss this little gem buried in another discussion. And then to go through the whole selection, get their copy of the contract and discover that what used to be 3 yrs / $36,000USD has increased just a little...

On the positive side, given the large increase in times to command, the bonded period will only be about half of that probably. Sweet! No worries mate, right? But it does raise the stakes quite a bit to ensure you, your wife, and kids will enjoy or at least tolerate the "EK/Dubai Experience" for a prolonged period - if you wish to go home without giving Emirates any of your money, anyway.

Ryanair guys, please disregard as I know this stuff seems normal to you.

(Psst - it's five years from Final Linecheck. Settle in, minion.)
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Old 8th May 2014, 12:59
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that's in line with Dubai inflation.
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Old 8th May 2014, 13:03
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It must be because of the 2020 expo
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Old 8th May 2014, 13:09
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including knowledge fee and housing fee.
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Old 8th May 2014, 13:13
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The one signed few days ago for a Boeing course, is 42K and 5 years.
I don't know if they ask even more for the airbus380.

MD
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Old 8th May 2014, 13:40
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And you are still considering EK Mer?
Let the buyer beware! You and everyone now knows you have been warned.
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Old 8th May 2014, 13:52
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Cerbus, my company is going to cut heads off in few months and I could be one of them. Should I give up because of 6K$ more then 36K$ as you all accepted?
I dont have too many options, actually. I wish I had.
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Old 8th May 2014, 14:06
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I don't think it's the extra 6k , more the 2 extra years.
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Old 8th May 2014, 16:15
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Mer,


I hope you are applying to all 3 ME majors. That is where the growth is.... That said, no place is perfect. Growth doesn't mean it would make a good career...

Good luck!
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Old 8th May 2014, 17:20
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too many FO's are leaving thats why, with this new BS they think they can stop them leaving, smart move
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Old 8th May 2014, 18:05
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Mer, the problem is you will have to turn down any other job offers at home over the next 3-5 years because you will have upto 74,000 usd debt (bond, housing, furnishing, car loan, etc, etc). It's good to have options, but join an airline because you really want to! It probably should be a 12-15 year plan, at least. You sound like you want a short term fix.
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Old 8th May 2014, 19:25
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Thank you guys for your thoughts. Much appreciated.
I am living a situation which doesn't either give too many options or too much time for deciding. I have 8 years of RHS all spent on MD80. For almost all companies it's not important how many hours you have on it (5500 in my case), they are all just looking for either Boeing or Airbus rated pilots.
In the past years, I saw colleagues working in the same company I currently work, who got interviews and job offered with the same experience I have. Now, instead, it's not as likely as it used to be, at least with my experience.
I do understand you, guys, when you say "think twice", the fact is that I am in a quite unstable situation so I try to pick the best, or the less worse, among the options. In my company, I used to complain about colleagues paying for their own type rating to be hired. Now things have a bit changed for me as well as my prospective.
However, I think it won't be that bad working in Dubai, which seems to be the most open-mind city in the ME; having some stability, which is now an issue for me.
I think 5/6 years, it is the time frame I have planned to stay. Then God knows what is gonna happen.
Thank you again for your advice.
MD
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Old 19th May 2014, 16:27
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Angel Sounds Great all Round

Good, personally I wish it were more. Not enough people are willing to commit to anything these days.

It costs a huge amount to get us all out here so why shouldn't they bond us its not exactly for long.

If you are hesitating to come because of the bond, then great moves me up the seniority list faster as some of us were/are happy to commit.

I completely agree with 777x. If you want a short term fix this will or at least should put you off. GOOD that is the intention.

Only come and live out in the sandpit because you want to be here and if you don't there are always contracts that will fill your coffers whilst whatever you do desire becomes available.
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Old 19th May 2014, 17:06
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Why would that move you up the seniority list faster if you're already here?? Doesn't makes sense...

All in all a fairly shabby wind up but I hope you get a bite or two as it's been pretty quiet lately.
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Old 19th May 2014, 17:33
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Having to increase the bond is indicative of how much less desirable the job has become. Fact is they shouldn't need to bond people to get them to stay.
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Old 20th May 2014, 08:08
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Exactly! None of the "good" airlines Bond their pilots because they and everyone knows that they pay well and are treated right.
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Old 20th May 2014, 09:04
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BigGeordie & cerbus: Hear, hear!!

They pulled that stunt over at FZ. The first group of guys were not bonded, but then, 6 months down the line (i.e. when people had moved their families and taken out loans for cars and advances payments for accommodation, etc), FZ whipped out this bond 'for training' (at least that was the excuse they gave) it was $24,000 USD regardless of prior experience and / or prior qualifications and with a very much "sign it or else!" mentality (or perhaps that should say 'menace' ?)... needless to say, once it was signed, that's when all the **** & attitude really kicked in!
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Old 20th May 2014, 20:06
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The bond cannot be enforced outside the UAE, so what's the issue here? At least, after serving 5 years, one can take their B fund with them.
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Old 21st May 2014, 02:55
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Originally Posted by nakbin330
The bond cannot be enforced outside the UAE, so what's the issue here? At least, after serving 5 years, one can take their B fund with them.
One can always take the B fund (your own 5% contribution), after 5 years you get 75% of the A fund (company contribution)
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Old 21st May 2014, 05:57
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Ok, thanks. I always thought it was 5 for the B and 7 for the A.
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