Indian FOs - cash in hand after expenses
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Indian FOs - cash in hand after expenses
Curious what takehome pay works out to after all the expenses. From what I understand companies in India publish salaries as Cost to Company (CTC) so the actual figure is much less.
If the trend is to self fund the type rating or sign a training bond - how do the numbers work out for the pilots starting out?
Recall Spicejet had a takehome of around 80K and Indigo, AI around 1- 1.5lakh for newer FOs. How do these numbers work out after you take out the deductions, taxes, and loan amounts (self - funded type / training bond or both!).
If the trend is to self fund the type rating or sign a training bond - how do the numbers work out for the pilots starting out?
Recall Spicejet had a takehome of around 80K and Indigo, AI around 1- 1.5lakh for newer FOs. How do these numbers work out after you take out the deductions, taxes, and loan amounts (self - funded type / training bond or both!).
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AI & 9W
Since 2006 AI takes home after completing 1 year of probation online is about 2 Lacs. But they deduct 25 Lac over a period of 5 yrs for training so you end up getting about 1.6-1.7 in hand.
Jet takes home is about 1.7 Lacs
GoAir pays a gross salary of 1 Lac for 1st 500 hours and then 1.8. After ATPL 2.8.
Jet takes home is about 1.7 Lacs
GoAir pays a gross salary of 1 Lac for 1st 500 hours and then 1.8. After ATPL 2.8.
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@speedbird234
Yes. During probation it is 1.1 in hand after getting the rating
@vserian
I heard that 777 f/o at Jet gets about 2.3 in hand. Is the just over 3 at AI gross or in hand?
Yes. During probation it is 1.1 in hand after getting the rating
@vserian
I heard that 777 f/o at Jet gets about 2.3 in hand. Is the just over 3 at AI gross or in hand?
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@flyjet787
In hand, I am not a new FO. Have a lot of hours on the B777.
And I know FOs on jet 777s making much more than what you stated.
But i am not really sure what a new FO makes over there but here in AI for a new FO on the B777 its low, make sense since these new guys have bonds, type rating cost etc...
In hand, I am not a new FO. Have a lot of hours on the B777.
And I know FOs on jet 777s making much more than what you stated.
But i am not really sure what a new FO makes over there but here in AI for a new FO on the B777 its low, make sense since these new guys have bonds, type rating cost etc...
