Have you ever considered owning your own small aircraft? Sure, we all have at some point. A plane represents a sense of independence, giving you the freedom to go wherever you want, whenever you want. And you’re not limited to just the road. But let’s face it. Having your own plane, say a Cessna, is also a status symbol.
A Guide to Aircraft Ownership Costs
First, there are the fixed buying costs. Then comes the variable operational costs. We will:. Further down we discuss the idea of turning an old plane into an Airbnb. Lo and behold, someone actually considered doing it! We look forward to this idea taking off in the U. Figuring out how to make money flying light aircraft with your PPL can be a frustrating task! Even flight time can be considered compensation under the wrong conditions!
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There’s a verse that goes: «To be successful, all you have to do is work half a day, and most of the time, you get to pick which 12 hours per day you want to work. This expands to hours for the month. I would wager that the vast majority of private pilots noncommercial fly hours or less per year. This results in flying an average of approximately 17 hours per month. If you have available hours per month, and your plane is in use 17 hours per month, that leaves hours of unused time that the plane is sitting on the ground and not being a productive asset. Now, if you have a job that allows you to fly your plane hours a month for business, then you’re probably the most envied pilot in the world. But my point is this: Airplanes cost money to own, operate and maintain.
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Log in or Sign up. Pilots of America. A fellow pilot and I were discussing ways to make money off his single engine aircraft which spends most of its time sitting in a hanger. I’d like to hear what you guys think. Right now what’s the best way to make money off of a rarely used plane, is there a company that deals with rentals to other people, like Airbnb for planes? James Deringer , Mar 27,
Commercial Airline Pilots
Obviously, this is a fluid number, depending on the loan term, interest and how much money you might be able to offer for a down payment. Aircraft operating costs can be divided into fixed costs and variable costs. Variable costs include fuel, oil and maintenance costs. You can get an estimate of aircraft operating costs on AOPA’s website or at conklindd. Whether or not you can justify the cost of a private aircraft depends largely on your sense of financial security and your opinion on the quality of life.
Many pilots justify their aircraft purchase by factoring in the amount of time saved, the reduction of time spent at airports, and the flexibility to take off whenever they want, wherever they want to go.
There are also many ways to reduce the costs of ownership, such as co-owning, leaseback options, renting the aircraft out to others, or flight instructing if qualified. These all come with advantages and disadvantages, of course, but many pilots find that the costs are much more manageable by implementing one or more of these measures.
Aircraft Careers Pilots Airlines Glossary. Aviation Aircraft. By Sarina Houston. Fuel Oil Regular maintenance inspections, such as the required annual inspection, avionics and instrument inspections.
Engine overhaul cost Ramp tie-down or hangar fees Insurance Landing fees Aircraft accessories, such as headsets, engine covers. Continue Reading.
Join our community today and start interacting with existing members. Registration arplane fast, simple and absolutely free. Ways to make money with a plane Anyone have any ideas on how to make money with a small single engine plane? I met a guy at the local FBO who owns an aerial photograpy company and he hires out guys to fly for him several days each week. I had no idea there was such demand for that service I have a family friend with a who is rapidly approaching the time when he won’t fly or do anything. The plane is immaculate and has been in his care for nearly 20 years.
Air Ambulance and Rescue Pilots
A commercial license is usually the minimum requirement for makw paying job, and such jobs often go to the pilots with the most experience. The field is competitive but the pay is good for those who make it. Many commercial pilots start with small commuter airlines, and those who can make the grade can work their way into jobs flying jets across the country or around the world. Many places maintain various forms of emergency air transportation for critically ill patients. While in some cases pilots might volunteer to provide transport, frequently this is a paid position. Pilots must be available during their shifts even if no flights are necessary and they must be able hiw fly in all kinds of weather. Such trips are usually made in small planes carrying few passengers and the pilot often narrates the trip as well as handling the flying. Tourism is usually seasonal so income may not be steady year-round.