Easyjet FO salary after CTC?
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Easyjet FO salary after CTC?
Hi all,
This question is aimed mainly at CTC AQC graduates that might be lurking around still. I am hopefully about to dive into the AQC holdpool in the near future and am interested to know what salary you go on to as an FO with Easy?
I realise that the CTC ab initio guys go in on the cadet salary, in order to pay off the massive bond they have taken out, but for self funded people like myself, do you go in on a TRSS salary or is it DEP?
Here's hoping it's the latter!
Thanks, Matt.
This question is aimed mainly at CTC AQC graduates that might be lurking around still. I am hopefully about to dive into the AQC holdpool in the near future and am interested to know what salary you go on to as an FO with Easy?
I realise that the CTC ab initio guys go in on the cadet salary, in order to pay off the massive bond they have taken out, but for self funded people like myself, do you go in on a TRSS salary or is it DEP?
Here's hoping it's the latter!
Thanks, Matt.
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Hi Matt,
As Saffer says you will go onto the full F/O salary currently £36,445 basic pay, plus sector pay at £14.18 per sector of which a reasonable portion is tax free (as per easyJet website).
Also you do not have a 90% restriction applied to your basic salary as new DEP joiners currently have when you finally do get your contract!
As Saffer says you will go onto the full F/O salary currently £36,445 basic pay, plus sector pay at £14.18 per sector of which a reasonable portion is tax free (as per easyJet website).
Also you do not have a 90% restriction applied to your basic salary as new DEP joiners currently have when you finally do get your contract!
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Woohooo <does cartwheels>
Thanks for the quick replies. That is good news. Just got to get throught the next 3 weeks now, then on with the bathing suit.
Thanks for the quick replies. That is good news. Just got to get throught the next 3 weeks now, then on with the bathing suit.
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Yep!
Don't get too excited just yet, you need to get through the AQC, swim around for a while, get paid £500 for the 2 months of the type rating & then £1000 pcm for line flying for 6 months before you finally get the contract!
It is hard going financially but a very good scheme & well worth it for the end result!
Best of luck
Don't get too excited just yet, you need to get through the AQC, swim around for a while, get paid £500 for the 2 months of the type rating & then £1000 pcm for line flying for 6 months before you finally get the contract!
It is hard going financially but a very good scheme & well worth it for the end result!
Best of luck
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jkl,
Thanks for your response. I am well aware of the barren financial period that awaits if I get through the course. Though this is nothing I am not used to having worked as an FI for the last 18 months. Fortunately my wife is suitably well employed and able to support us.
jonesthepilot,
No this is not a scheme that selects pilots on the size of their wallets. If so I would never have been accepted on it. Your comment rings of bitter rejection me thinks. If you really don't have anything use full to say then I suggest you go back to the valley you crawled out from.
Thanks for your response. I am well aware of the barren financial period that awaits if I get through the course. Though this is nothing I am not used to having worked as an FI for the last 18 months. Fortunately my wife is suitably well employed and able to support us.
jonesthepilot,
No this is not a scheme that selects pilots on the size of their wallets. If so I would never have been accepted on it. Your comment rings of bitter rejection me thinks. If you really don't have anything use full to say then I suggest you go back to the valley you crawled out from.
Last edited by mattd2k; 8th Feb 2007 at 22:40.
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All the information you require on salary can be found here.
You will notice that the difference between direct entry and cadet salary is £12k. That £12k is returned to the bank directly as your bond repayments, not via your salary, in £1k monthly instalments. It does not form part of your taxable salary, hence 'tax free'.
Maybe/maybe not, however there is the small matter of your CPL/IR/MCC/AQC/ATPL theory to be paid back...
You will notice that the difference between direct entry and cadet salary is £12k. That £12k is returned to the bank directly as your bond repayments, not via your salary, in £1k monthly instalments. It does not form part of your taxable salary, hence 'tax free'.
I would have thought that after earning £1000 a month for 6 months, that I would have effectively already paid for my TR, so would I then be entitled to a full salary?
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Being slightly pedantic, in fact the £1000 pm is paid into your bank account included in the net pay part of your salary. Your loan is then serviced from your bank account. The money doesn't go directly to the loan account as there are some guys fortunate enough not to have had to take HSBC's money in the first place. In effect, this arrangement means that you are actually taking home slightly more then a DEP FO as your £12k is net and not gross. As has been alluded to however, I would be more concerned about what CTC will be offering you as an eJ contract pilot at the moment rather than having a false hope of a permanent eJ contract.
Easyjet has already stated that the majority if not all contracts for the coming year will be seasonal. You can expect to work the summer up to the end of September/October and then be shown the door. If you are going to do one of these schemes you will be far better off going to another company that is more likely to keep you on.
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I think its more than potential to be dropped. The union report that there will be no permanent contracts taken on in 2009.
As the 12k on the cadet salary is tax free it works out slightly better than the DEP salary (as gyni says) so hopefully when you return you will come back on the cadet salary. It would be rather rude if they brought you back under TRSS!!!!!
The problem is I am not sure if EZY see the £1000 a month as paying for the TR. You are being paid by CTC while finishing the training. Although my argument would be that the course includes the TR and line training and therefore you shouldn't have to pay for it again and should join as a DEP. This then poses the question of whether you join the DEP hold pool and wait as TRSS guys sneak in first or if you get special treatment as you were only layed off for 6 months and come back on the cadet salary???? If things really don't pick up you might find yourself back for another 6 months stint on a Flexi contract anyway!!!
Lots of unanswered questions. Those of us in the union need to keep poking to try and look after you all but it sounds like they will be unable to do anything unless it presents a flight safety risk.
I don't think anyone will be able to give you acurate advice as there are so many variables. If you're not in already, join Balpa, and speak to the company council after "joining" EZY. Whilst being unable to represent you directly at least they can give you the best info as what to expect.
Sure you are already but just plan for the worst case and anything else will be a bonus. Good luck.
As the 12k on the cadet salary is tax free it works out slightly better than the DEP salary (as gyni says) so hopefully when you return you will come back on the cadet salary. It would be rather rude if they brought you back under TRSS!!!!!
The problem is I am not sure if EZY see the £1000 a month as paying for the TR. You are being paid by CTC while finishing the training. Although my argument would be that the course includes the TR and line training and therefore you shouldn't have to pay for it again and should join as a DEP. This then poses the question of whether you join the DEP hold pool and wait as TRSS guys sneak in first or if you get special treatment as you were only layed off for 6 months and come back on the cadet salary???? If things really don't pick up you might find yourself back for another 6 months stint on a Flexi contract anyway!!!
Lots of unanswered questions. Those of us in the union need to keep poking to try and look after you all but it sounds like they will be unable to do anything unless it presents a flight safety risk.
I don't think anyone will be able to give you acurate advice as there are so many variables. If you're not in already, join Balpa, and speak to the company council after "joining" EZY. Whilst being unable to represent you directly at least they can give you the best info as what to expect.
Sure you are already but just plan for the worst case and anything else will be a bonus. Good luck.
Guys can we forget the idea that you are some how on a "tax free" £1000pm at Easyjet. As has been pointed out CTC are simply giving you your own money back, part of your big loan is so you can give yourself pocket money for 6 months!
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I think people were referring to the loan repayment of £1000 a month paid when on a permanent contract, not the £1000 a month during training.
The loan repayment is paid as a -£1000 listed on the tax portion of your salary so tax free(??). Totally agree the other £1000 a month coming from CTC during training is taken from the huge loan anyway so you are paying yourself!
The loan repayment is paid as a -£1000 listed on the tax portion of your salary so tax free(??). Totally agree the other £1000 a month coming from CTC during training is taken from the huge loan anyway so you are paying yourself!
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737-700 vs. Airbus Selection
For newhires, what is the likelihood of getting assigned the 737-700 out of Luton and Newcastle (I believe) vs. the Airbus at all other bases? Is Easy still hiring into the 737 or do most newhires go directly to the Airbus? Are newhires ever offered a choice?
Lastly, what are the most likely bases (say top 3) offered for newhires nowadays?
Cheers
Lastly, what are the most likely bases (say top 3) offered for newhires nowadays?
Cheers