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You can easily take the local contract and commute though, plenty of guys doing it. Can't say anything about skippers but FO t&c are far above ezy and the likes, might be one of the best in Europe
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Originally Posted by mesh
(Post 10233152)
Any current updates on wow? Spoken to a few old colleagues and they seem to like it. Salaries seem to be amongst the best being offered compared to UK. Cold and wet but company seems to be young and forward thinking. Command upgrade with experience around a year. Is this bull****? |
Why tomorrow? European base is needed to maximise the operations I would have thought. There has been alot of talk but no confirmation.
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So do you have any credible sources for your post oceancrosser?Both Iceland airlines have been suffering due to high fuel prices and the establishment on the rock would like to see the purple upstart gone. |
Originally Posted by tubby linton
(Post 10245152)
So do you have any credible sources for your post oceancrosser?Both Iceland airlines have been suffering due to high fuel prices and the establishment on the rock would like to see the purple upstart gone. If you read Icelandic there is lots in the Icelandic media, here is an example https://turisti.is/2018/09/oljos-tid...-mala-hja-wow/ The latter one deals with how WOW´s CEO has been making inconsistent remarks in the media. And they have not yet filed WOW´s 2017 results as required by law. It should have been in the public domain last week. |
That is not exactly them going bust in the next few days, which is what you wrote though is it?Iceland's media write something about both airlines almost on a daily basis and nothing you have quoted is recent. Skulli was at an aviation meeting last week Aviationfest18 talking up the company's prospects and Wow is launching winter flights to Orlando to start in December |
Originally Posted by tubby linton
(Post 10245288)
That is not exactly them going bust in the next few days, which is what you wrote though is it?Iceland's media write something about both airlines almost on a daily basis and nothing you have quoted is recent. Skulli was at an aviation meeting last week Aviationfest18 talking up the company's prospects and Wow is launching winter flights to Orlando to start in December As for adding routes, Air Berlin pretty much did that to the bitter end Air Berlin launches four new transatlantic routes - BusinessClass.co.uk |
It gets dicier fast. https://www.mbl.is/frettir/innlent/2...stodu_wow_air/ (apologies, Icelandic only). In essence it says according to sources, ministry officials met over the weekend to discuss WOW aIr´s situation. These people do not meet on a weekend without significant cause. |
As I have said before the establishment of Iceland will always support Icelandair and ensure its survival. For balance the CEO of Icelandair left recently due to losses and competition from low -cost airlines https://www.routesonline.com/news/29...-ceo-departs-/ |
https://icelandmonitor.mbl.is/news/n...r_the_company/ Guess this has nothing to do with overexpansion. Sorry ex Monarchs... But shooting the messenger is always popular. |
Whoever wrote that article doesn't understand that most of Wow's customers are not actually visiting Iceland , just merely passing through for a few hours.Currency fluctuations will also apply to Icelandair as well.
I remember Skulli taking out an advert last year for pilots when Icelandair laid off 148 pilots. A full detailed analysis of the two airlines can be read here: https://centreforaviation.com/analys...wow-air-424077 |
Originally Posted by mesh
(Post 10233152)
Any current updates on wow? Spoken to a few old colleagues and they seem to like it. Salaries seem to be amongst the best being offered compared to UK. Cold and wet but company seems to be young and forward thinking. Command upgrade with experience around a year. Is this bull****? |
I've been offered, as Captain, something like 9.5K Gross calculated with an average of 15 Days of work (the salary is made off a Basic + per diems). That's not one of the best salaries you can find, considering Iceland is not cheap, it's a gross figure (and you should pay some taxes in your Country as well. Yes, that's true, if you still have something linking you there like a House, a car, business etc.) and you can travel for free on their network only.
If you want to call a salary "above average", it should be higher than 7000-7500 Euros NET for 80 hours. Good T&C must include (at least) a good pension scheme (State pension + Additional Private scheme), if commuting, a good network if no staff travels are agreed with other airlines. If one of these factors is unsatisfactory, the salary must be even higher. |
Originally Posted by Breakthesilence
(Post 10248425)
I've been offered, as Captain, something like 9.5K Gross calculated with an average of 15 Days of work (the salary is made off a Basic + per diems). That's not one of the best salaries you can find, considering Iceland is not cheap, it's a gross figure (and you should pay some taxes in your Country as well. Yes, that's true, if you still have something linking you there like a House, a car, business etc.) and you can travel for free on their network only.
If you want to call a salary "above average", it should be higher than 7000-7500 Euros NET for 80 hours. Good T&C must include (at least) a good pension scheme (State pension + Additional Private scheme), if commuting, a good network if no staff travels are agreed with other airlines. If one of these factors is unsatisfactory, the salary must be even higher. |
What's the latest from the inside?
I have a friend looking for an Airbus gig about to leave asia.. What about the route cuts this winter? Is there any rumours on the inside about the financial situation? |
Bump, anyone? |
Originally Posted by hans brinker
(Post 10248787)
Holy MoG, things are not well in the EU. Corrected for inflation I made €7.000 gross in 2003 as a 50 seat turbo prop Captain in the EU. Currently working for the second lowest paying LCC in the US, and my base pay is €14.000 gross + 15% into my pension plan.
CP |
Originally Posted by CaptainProp
(Post 10266510)
Yes that is the sad state of things in EU. Your quoted pay is more or less the equivalent to the HIGHEST paying LCC in Europe. CP |
Originally Posted by 172_driver
(Post 10266570)
Sure, but you have to put it in perspective to what you get back as well. Medical care, school/nursery for the kids, state pension etc. Those are big costs. I know you are aware of that, but it needs to be remembered sometimes. Even comparing gross salaries between different EU states can be very much like comparing apples and oranges. Just sayin'... Talking about LCC carriers in EU, Ryanair is going to be (unexpectedly) a good place to stay in some Countries. Considering the first Country signing a local contract (Italy) and compared to WOW Air 7000 Euros gross there's a huge gap. As far as I got, once the transition will be completed in 2019, the NET Salary for Captains flying 70 hours will be around 8600 Euros. On Top of that and paid by the Company, there is a private pension fund (with good investment interests) and a private medical insurance for pilots and families. As part of the deductions from the Gross there is also the State pension paid 1/3 by the pilot ( with 2/3 paid by the company). Even without knowing the exact taxation figures, an 8600 NET with those conditions compared to a 7000 GROSS with some benefits (but nobody says you'll be flying in adverse weather most of the times and living your days in Iceland paying 2-3 times the standard european prices for food etc.) offered by WOW Air, it's hard to compete. You can't pay a Captain flying on A320 and A330 mixed fleet 7000 Euros GROSS only. That's the salary for an FO on short-medium haul in other (non major) airlines, even without some benefits, that's out of business. I'm sorry because it was a very good plan to fly mixed fleet in a young a funny environment but it must comply with minimum acceptable salary standard for our profession. |
Originally Posted by Breakthesilence
(Post 10286541)
Yes that is true. But sometimes, even with rough figures you can easily assess the deal.
Talking about LCC carriers in EU, Ryanair is going to be (unexpectedly) a good place to stay in some Countries. Considering the first Country signing a local contract (Italy) and compared to WOW Air 7000 Euros gross there's a huge gap. As far as I got, once the transition will be completed in 2019, the NET Salary for Captains flying 70 hours will be around 8600 Euros. On Top of that and paid by the Company, there is a private pension fund (with good investment interests) and a private medical insurance for pilots and families. As part of the deductions from the Gross there is also the State pension paid 1/3 by the pilot ( with 2/3 paid by the company). Even without knowing the exact taxation figures, an 8600 NET with those conditions compared to a 7000 GROSS with some benefits (but nobody says you'll be flying in adverse weather most of the times and living your days in Iceland paying 2-3 times the standard european prices for food etc.) offered by WOW Air, it's hard to compete. You can't pay a Captain flying on A320 and A330 mixed fleet 7000 Euros GROSS only. That's the salary for an FO on short-medium haul in other (non major) airlines, even without some benefits, that's out of business. I'm sorry because it was a very good plan to fly mixed fleet in a young a funny environment but it must comply with minimum acceptable salary standard for our profession. |
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