Fdx Hkg/cdg Cola
06-17-2007, 11:01 PM
#22
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Thread Starter
Joined APC: May 2006
Posts: 519
Originally Posted by RedeyeAV8r
Pretty High
You will pay tax to the US on everything above $80,000.
If you move to France, expect the French government to levy an income tax on you as well. I assume the Chinese Government will the same.
Hopefully the company will cough up some dough for Tax assistance, or a gross up where they pay for any additional taxes that you otherwise wouldn't have had to pay if not living abroad.
You will pay tax to the US on everything above $80,000.
If you move to France, expect the French government to levy an income tax on you as well. I assume the Chinese Government will the same.
Hopefully the company will cough up some dough for Tax assistance, or a gross up where they pay for any additional taxes that you otherwise wouldn't have had to pay if not living abroad.
Wide body pay might be enough to live in Paris but if you are flying the 757 at narrowbody pay I just don't see how the headache of a move would be worth it unless you are traveling really light.
I also remember hearing that there will be approx. 80 crews based there. Anyone hear the same/different?
06-18-2007, 03:43 AM
#23
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Joined APC: Apr 2006
Position: MD-11 CA
Posts: 150
I just spoke to a Dragonair Captain a little while ago. He told me that Dragonair pilots living in Hong Kong get 44000 HKD a month ($5670) if they buy a place, and 64000 HKD ($8247) if they rent. When I told him how much FedEx was probably offering, he said it would be "painful" living on that.
For those of you that are not familiar, Dragonair is a distant second to Cathay Pacific in Hong Kong. As far as airline employment goes.
For those of you that are not familiar, Dragonair is a distant second to Cathay Pacific in Hong Kong. As far as airline employment goes.
06-18-2007, 05:14 AM
#24
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Joined APC: Aug 2006
Position: Triple Capt
Posts: 608
I had heard we were going to get a 5 yr exemption from the French guv'ment on the tax issue -- actually read it on a post here earlier so who knows....
Agree, junior FO's on narrowbody pay will be playing the kazoo on the Metro and selling crepes to make ends meet. The only way I go is as El Capitan!
Heard 30 crews in CDG but a total of 18 757's when it's all over. Don't know where we're going to park them.... 30 crews sounds about right for an initial staffing and first look bid. Another reason why a MOAB now and not another bid for 2 yrs doesn't make sense. 80 crews sounds right for approx 10 jets for a ratio of 10:1. Crew staffing has a goal they go with on crewmember staffing and then they adjust it, just what I had heard.
Agree, junior FO's on narrowbody pay will be playing the kazoo on the Metro and selling crepes to make ends meet. The only way I go is as El Capitan!
Heard 30 crews in CDG but a total of 18 757's when it's all over. Don't know where we're going to park them.... 30 crews sounds about right for an initial staffing and first look bid. Another reason why a MOAB now and not another bid for 2 yrs doesn't make sense. 80 crews sounds right for approx 10 jets for a ratio of 10:1. Crew staffing has a goal they go with on crewmember staffing and then they adjust it, just what I had heard.
06-18-2007, 05:59 AM
#25
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Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
World's most expensive cities 2007
1. Moscow
2. London
3. Seoul
4. Tokyo
5. Hong Kong
6. Copenhagen
7. Geneva
8. Osaka
9. Zurich
10. Oslo
11. Milan
12. St. Petersburg
13. Paris
14. Singapore
15. New York City
16. Dublin
17. Tel Aviv
18. Rome
19. Vienna
20. Beijing
Source:Mercer
http://money.cnn.com/2007/06/15/pf/m...ex.htm?cnn=yes
1. Moscow
2. London
3. Seoul
4. Tokyo
5. Hong Kong
6. Copenhagen
7. Geneva
8. Osaka
9. Zurich
10. Oslo
11. Milan
12. St. Petersburg
13. Paris
14. Singapore
15. New York City
16. Dublin
17. Tel Aviv
18. Rome
19. Vienna
20. Beijing
Source:Mercer
http://money.cnn.com/2007/06/15/pf/m...ex.htm?cnn=yes
06-18-2007, 06:11 AM
#26
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Joined APC: Sep 2006
Posts: 118
OK, everybody ... here it is, from the horse's mouth ... http://www.iht.com/articles/2007/05/...ness/expat.php
This is an article from the Int'l. Herald Tribune titled "Hong Kong Apartments Most Expensive To Rent", 5/23/07. That means most expensive in the world. It will cost you a MINIMUM of US $5,000 to rent a modest apartment of 1,000 sq. ft. Please keep in mind, also, that what is called a "luxury apartment" in HKG means luxury by their standard - not by ours. We're not talking granite kitchens with a Sub-Zero fridge, folks. The So. China Morning Post has a similar article (no link; article below). Pass the word - DON'T BID HKG.
*****
"Expat Budgets Falling Behing Luxury Price Rise"
by Sandy Li
May 30, 2007 (South China Morning Post)
Expatriates with a monthly accomodation budget of HK$70,000 to HK$100,000 [US$8,975 to $12,820] - a common package for senior executives - would have less choice in their favorite area in Island South as luxury residential rents continue to rise.
Landscope Surveyors managing director Koh Keng-shing said most flats of more than 3,000 square feet in Island South would be charging more thatn HK$100,000 a month now. "This group of executives will have to lower their expectations by looking for flats in West and East Mid-Levels," he said.
Landscope's website lists a 3,330 square foot unit in Tregunter Towers at Mid-Levels offering to lease at HK$100,000. Owing to limited supply of luxury residential units, Mr. Koh expects rents to increase more that 20 percent this year. He said the period from May to July was the traditional high season for leasing, thus this would push up rents further.
An international survey last week ranked Hong Kong as having the world's highest rents for expatriates, with an average cost of US$8,592 a month to rent an unfurnished three-bedroom flat in areas such as Repulse Bay, the Peak, and Mid-Levels. Mr Koh said accommodations and staff cost only accounted for a tiny portion of a multinational corporation's operating cost.
"With a growing number of international corporations setting up offices in Hong Kong and the tight supply in the top-end residential sector, rents will continue to move up. We have seen one apartment attracting two to three bidders," he said. Mavis Kang, general manager of Signature Homes, the luxury residential leasing arm of Sun Hung Kai Properties, said rents for its luxury residential portfolio rose 5 to 8 percent in the first quarter of the year, compared with the previous quarter.
Signature Homes provides more than 600 homes in 14 prestigious locations in Hong Kong. These include Dynasty Court in Mid-Levels, 127 Repulse Bay Road, and Le Palais in Island South. "Occupancy rates at our portfolio reached 97 percent, reflecting strong demand for luxury residential homes," Ms. Kand said.
Lily Choi, senior marketing manager at Kerry Real Estate Agency, said most of their tenants were expatriates who worked in the financial sector. "Our tenants come from the United States and Europe," she said. Its super-deluxe portfolio includes Aigburth, Brandsome Crest, Tavistock and Branksome Grande. She said rents ranged from HK$40 [US$5.13] to almost HK$60 [US$7.69] per square foot, while units of 6,000 square feet exceed HK$60 per square foot [US$46,154 PER MONTH].
*****
This is an article from the Int'l. Herald Tribune titled "Hong Kong Apartments Most Expensive To Rent", 5/23/07. That means most expensive in the world. It will cost you a MINIMUM of US $5,000 to rent a modest apartment of 1,000 sq. ft. Please keep in mind, also, that what is called a "luxury apartment" in HKG means luxury by their standard - not by ours. We're not talking granite kitchens with a Sub-Zero fridge, folks. The So. China Morning Post has a similar article (no link; article below). Pass the word - DON'T BID HKG.
*****
"Expat Budgets Falling Behing Luxury Price Rise"
by Sandy Li
May 30, 2007 (South China Morning Post)
Expatriates with a monthly accomodation budget of HK$70,000 to HK$100,000 [US$8,975 to $12,820] - a common package for senior executives - would have less choice in their favorite area in Island South as luxury residential rents continue to rise.
Landscope Surveyors managing director Koh Keng-shing said most flats of more than 3,000 square feet in Island South would be charging more thatn HK$100,000 a month now. "This group of executives will have to lower their expectations by looking for flats in West and East Mid-Levels," he said.
Landscope's website lists a 3,330 square foot unit in Tregunter Towers at Mid-Levels offering to lease at HK$100,000. Owing to limited supply of luxury residential units, Mr. Koh expects rents to increase more that 20 percent this year. He said the period from May to July was the traditional high season for leasing, thus this would push up rents further.
An international survey last week ranked Hong Kong as having the world's highest rents for expatriates, with an average cost of US$8,592 a month to rent an unfurnished three-bedroom flat in areas such as Repulse Bay, the Peak, and Mid-Levels. Mr Koh said accommodations and staff cost only accounted for a tiny portion of a multinational corporation's operating cost.
"With a growing number of international corporations setting up offices in Hong Kong and the tight supply in the top-end residential sector, rents will continue to move up. We have seen one apartment attracting two to three bidders," he said. Mavis Kang, general manager of Signature Homes, the luxury residential leasing arm of Sun Hung Kai Properties, said rents for its luxury residential portfolio rose 5 to 8 percent in the first quarter of the year, compared with the previous quarter.
Signature Homes provides more than 600 homes in 14 prestigious locations in Hong Kong. These include Dynasty Court in Mid-Levels, 127 Repulse Bay Road, and Le Palais in Island South. "Occupancy rates at our portfolio reached 97 percent, reflecting strong demand for luxury residential homes," Ms. Kand said.
Lily Choi, senior marketing manager at Kerry Real Estate Agency, said most of their tenants were expatriates who worked in the financial sector. "Our tenants come from the United States and Europe," she said. Its super-deluxe portfolio includes Aigburth, Brandsome Crest, Tavistock and Branksome Grande. She said rents ranged from HK$40 [US$5.13] to almost HK$60 [US$7.69] per square foot, while units of 6,000 square feet exceed HK$60 per square foot [US$46,154 PER MONTH].
*****
06-18-2007, 06:46 AM
#27
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Joined APC: Aug 2006
Position: Michael Vick's favorite animal
Posts: 267
Originally Posted by HerkyBird
OK, everybody ... here it is, from the horse's mouth ... http://www.iht.com/articles/2007/05/...ness/expat.php
This is an article from the Int'l. Herald Tribune titled "Hong Kong Apartments Most Expensive To Rent", 5/23/07. That means most expensive in the world. It will cost you a MINIMUM of US $5,000 to rent a modest apartment of 1,000 sq. ft. Please keep in mind, also, that what is called a "luxury apartment" in HKG means luxury by their standard - not by ours. We're not talking granite kitchens with a Sub-Zero fridge, folks. The So. China Morning Post has a similar article (no link; article below). Pass the word - DON'T BID HKG.
*****
"Expat Budgets Falling Behing Luxury Price Rise"
by Sandy Li
May 30, 2007 (South China Morning Post)
Expatriates with a monthly accomodation budget of HK$70,000 to HK$100,000 [US$8,975 to $12,820] - a common package for senior executives - would have less choice in their favorite area in Island South as luxury residential rents continue to rise.
Landscope Surveyors managing director Koh Keng-shing said most flats of more than 3,000 square feet in Island South would be charging more thatn HK$100,000 a month now. "This group of executives will have to lower their expectations by looking for flats in West and East Mid-Levels," he said.
Landscope's website lists a 3,330 square foot unit in Tregunter Towers at Mid-Levels offering to lease at HK$100,000. Owing to limited supply of luxury residential units, Mr. Koh expects rents to increase more that 20 percent this year. He said the period from May to July was the traditional high season for leasing, thus this would push up rents further.
An international survey last week ranked Hong Kong as having the world's highest rents for expatriates, with an average cost of US$8,592 a month to rent an unfurnished three-bedroom flat in areas such as Repulse Bay, the Peak, and Mid-Levels. Mr Koh said accommodations and staff cost only accounted for a tiny portion of a multinational corporation's operating cost.
"With a growing number of international corporations setting up offices in Hong Kong and the tight supply in the top-end residential sector, rents will continue to move up. We have seen one apartment attracting two to three bidders," he said. Mavis Kang, general manager of Signature Homes, the luxury residential leasing arm of Sun Hung Kai Properties, said rents for its luxury residential portfolio rose 5 to 8 percent in the first quarter of the year, compared with the previous quarter.
Signature Homes provides more than 600 homes in 14 prestigious locations in Hong Kong. These include Dynasty Court in Mid-Levels, 127 Repulse Bay Road, and Le Palais in Island South. "Occupancy rates at our portfolio reached 97 percent, reflecting strong demand for luxury residential homes," Ms. Kand said.
Lily Choi, senior marketing manager at Kerry Real Estate Agency, said most of their tenants were expatriates who worked in the financial sector. "Our tenants come from the United States and Europe," she said. Its super-deluxe portfolio includes Aigburth, Brandsome Crest, Tavistock and Branksome Grande. She said rents ranged from HK$40 [US$5.13] to almost HK$60 [US$7.69] per square foot, while units of 6,000 square feet exceed HK$60 per square foot [US$46,154 PER MONTH].
*****
This is an article from the Int'l. Herald Tribune titled "Hong Kong Apartments Most Expensive To Rent", 5/23/07. That means most expensive in the world. It will cost you a MINIMUM of US $5,000 to rent a modest apartment of 1,000 sq. ft. Please keep in mind, also, that what is called a "luxury apartment" in HKG means luxury by their standard - not by ours. We're not talking granite kitchens with a Sub-Zero fridge, folks. The So. China Morning Post has a similar article (no link; article below). Pass the word - DON'T BID HKG.
*****
"Expat Budgets Falling Behing Luxury Price Rise"
by Sandy Li
May 30, 2007 (South China Morning Post)
Expatriates with a monthly accomodation budget of HK$70,000 to HK$100,000 [US$8,975 to $12,820] - a common package for senior executives - would have less choice in their favorite area in Island South as luxury residential rents continue to rise.
Landscope Surveyors managing director Koh Keng-shing said most flats of more than 3,000 square feet in Island South would be charging more thatn HK$100,000 a month now. "This group of executives will have to lower their expectations by looking for flats in West and East Mid-Levels," he said.
Landscope's website lists a 3,330 square foot unit in Tregunter Towers at Mid-Levels offering to lease at HK$100,000. Owing to limited supply of luxury residential units, Mr. Koh expects rents to increase more that 20 percent this year. He said the period from May to July was the traditional high season for leasing, thus this would push up rents further.
An international survey last week ranked Hong Kong as having the world's highest rents for expatriates, with an average cost of US$8,592 a month to rent an unfurnished three-bedroom flat in areas such as Repulse Bay, the Peak, and Mid-Levels. Mr Koh said accommodations and staff cost only accounted for a tiny portion of a multinational corporation's operating cost.
"With a growing number of international corporations setting up offices in Hong Kong and the tight supply in the top-end residential sector, rents will continue to move up. We have seen one apartment attracting two to three bidders," he said. Mavis Kang, general manager of Signature Homes, the luxury residential leasing arm of Sun Hung Kai Properties, said rents for its luxury residential portfolio rose 5 to 8 percent in the first quarter of the year, compared with the previous quarter.
Signature Homes provides more than 600 homes in 14 prestigious locations in Hong Kong. These include Dynasty Court in Mid-Levels, 127 Repulse Bay Road, and Le Palais in Island South. "Occupancy rates at our portfolio reached 97 percent, reflecting strong demand for luxury residential homes," Ms. Kand said.
Lily Choi, senior marketing manager at Kerry Real Estate Agency, said most of their tenants were expatriates who worked in the financial sector. "Our tenants come from the United States and Europe," she said. Its super-deluxe portfolio includes Aigburth, Brandsome Crest, Tavistock and Branksome Grande. She said rents ranged from HK$40 [US$5.13] to almost HK$60 [US$7.69] per square foot, while units of 6,000 square feet exceed HK$60 per square foot [US$46,154 PER MONTH].
*****
Prediction....as the Asian folks would say..."NOT a happy ending"
06-18-2007, 06:50 AM
#28
Gets Weekends Off
Joined APC: Aug 2006
Position: Michael Vick's favorite animal
Posts: 267
Originally Posted by Magenta Line
I had heard we were going to get a 5 yr exemption from the French guv'ment on the tax issue -- actually read it on a post here earlier so who knows....
Agree, junior FO's on narrowbody pay will be playing the kazoo on the Metro and selling crepes to make ends meet. The only way I go is as El Capitan!
Heard 30 crews in CDG but a total of 18 757's when it's all over. Don't know where we're going to park them.... 30 crews sounds about right for an initial staffing and first look bid. Another reason why a MOAB now and not another bid for 2 yrs doesn't make sense. 80 crews sounds right for approx 10 jets for a ratio of 10:1. Crew staffing has a goal they go with on crewmember staffing and then they adjust it, just what I had heard.
Agree, junior FO's on narrowbody pay will be playing the kazoo on the Metro and selling crepes to make ends meet. The only way I go is as El Capitan!
Heard 30 crews in CDG but a total of 18 757's when it's all over. Don't know where we're going to park them.... 30 crews sounds about right for an initial staffing and first look bid. Another reason why a MOAB now and not another bid for 2 yrs doesn't make sense. 80 crews sounds right for approx 10 jets for a ratio of 10:1. Crew staffing has a goal they go with on crewmember staffing and then they adjust it, just what I had heard.
The company can't possibly be a proponent of taking a 60 yr old engineer and making him a Captain again. To spend the capital to retrain him to only get 4 years of productivity at the very highest payrate/vacation/sickbank balance. I can't believe that they would want that.
This may be a way to initially defer some costs associated with age 65, and if the law allows the movement in reversal, the company just ammends the MOAB and puts out a "cleanup".
06-18-2007, 06:53 AM
#29
Gets Weekends Off
Joined APC: Aug 2006
Position: Michael Vick's favorite animal
Posts: 267
Originally Posted by MAWK90
Can't quite recall where I saw this number, but the company is spending in the area of $330K/month on DH's to europe. We know that the reason for the FDA is to lower monthly costs associated with getting crews in position, and assuming a base with 80 crews (number I heard), 330K/80 = $4125/month. Obviously they will offer a number lower than this, and we can plainly see that this number won't cover the costs associated with renting in HK.
Prediction....as the Asian folks would say..."NOT a happy ending"
Prediction....as the Asian folks would say..."NOT a happy ending"
"FedEx has 31 flights to Europe to get 64 pilots in place. FedEx can expect to spend $330,000 on their tickets -- an annual rate of $3.9 million." - The commercial repeal
06-18-2007, 06:56 AM
#30
Gets Weekends Off
Joined APC: Aug 2006
Posts: 349
Originally Posted by MAWK90
Here it is:
"FedEx has 31 flights to Europe to get 64 pilots in place. FedEx can expect to spend $330,000 on their tickets -- an annual rate of $3.9 million." - The commercial repeal
"FedEx has 31 flights to Europe to get 64 pilots in place. FedEx can expect to spend $330,000 on their tickets -- an annual rate of $3.9 million." - The commercial repeal
Sure that adds substantial cost to the equation.
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