Hello tj5320,
Thank you for your question.
Pilot pay can range from $20,000 to $120,000, depending on the
experience and ratings of the pilot, the geographic location, size of
the company, frequency of flying, captain or co-pilot (yes, you will
most likely have to hire both) and size of the jet. You will probably
be basing this on how large of a company you are and how much you pay
your regular employees. The pilots will need insurance, a 401k,
vacations and other usual benefits. Corporate pilots do not get paid
as much as airline pilots.
Student Pilot Network
http://www.ufly.com/corp/main1.html
"Salary is something else that varies widely. Pay is based on
geographic location, size of company, type of airplane etc. Captain
vs. Copilot. But I could safely say that salary could run from 20,000
to 120,000 per year, depending on the factors I've mentioned."
A good idea of adequate pilot pay can be found by what Executive Jet
and other jet-sharing companies pay their pilots.
Executive Jet posting
http://www.fool.com/community/pod/2000/000518.htm
*Pilot's Salary Comparison:
Salary Comparison - Fractionals Only:
(Captain, 4 Years experience)
EJA =$ 57,996 Raytheon Travel Air =$ 58,265 Flexjet = $ 62,685
http://www.fracstats.com/income.cfm?chart=n&plan=17
Salary Comparison - EJA VS United:
(Captain, 4 Years experience)
EJA = $ 57,996 United = $179,092
http://www.fracstats.com/income.cfm?chart=n&plan=17&fa=1
*Benefits Package Comparison amongst the Fractionals:
(EJA package seemed to be comparable to other fractionals)
http://www.fracstats.com/benefits.cfm
(The Fracstats website requires you to be a member to see their
content, but joining is free)
There is also an annual pilot pay study done by Professional Pilot
magazine, a magazine for corporate pilots.
Airline Pilot Forums
http://www.airlinepilotforums.com/showthread.php?t=4040
"I have the June 2006 issue of "Professional Pilot" right next to me
and it happens to have the annual corporate pilot pay study.
B-200 Captains are listed with an average salary of $57k with a lowof
$41k and high of $69k respectively. For a "corporate" position (I
imagine this is a part 91 department)
On the Charter side, FO pay ranges from $28k on the low to $47k being
high and an average of $33k per year. Captains are making anywhere
from $39k to $62k with an average of $51k."
You can hire pilots by the hour from companies like Flight Safety.
Here are some sample rates:
Berkshire Hathaway posting
http://www.fool.com/community/pod/2000/000522.htm
"Airline Pilot Hourly Pay CAL DAL NW UAL USA
Wide Body 12 year Captain $202 $265 $241 $222 $244
Wide Body 5 year First Officer $115 $160 $143 $136 $144
Large Narrow Body 12 year Captain $172 $198 $188 $182 $185
Large Narrow Body 5 year FO $96 $118 $110 $110 $111
Small Narrow Body 12 year Captain $152 $201 $181 $175 $161
Small Narrow Body 2 year FO $68 $70 $60 $72 $73
Large Body Aircraft would include B777, B767, B747, A330.
Large Narrow Body Aircraft would include B757, MD80.
Small Narrow Body Aircraft would include B737 - 2/3/4/5/6/7/800
series, A319, DC-9."
How do you find a pilot to hire? Many pilots have posted their
resumes online on the following sites:
Av Crew
http://www.avcrew.com/
Find a Pilot
http://www.findapilot.com/resumes/home.htm
You may want to consider an aircraft management company to take care
of hiring a pilot, providing fuel and other maintenance costs. A
company like this can present a savings in costs which the company can
buy in bulk such as fuel and pilot training, insurance, parts and
maintenance. You may want to look into the possibility. If you hired
a company such as this, they would hire the pilot for your company and
you wouldn't have to worry about it. Some of these companies can even
charter your jet out when not in use to make extra revenue for your
company. The companies can also provide a backup jet when your jet is
in the shop or otherwise unavailable for your company's needs.
Aircraft management will most likely run about $100,000 to $200,000
per year, depending on the size and use of the jet. If the jet is
employed as a charter craft on off days, it can even generate revenue
for the company.
Here are some possible companies:
Executive Jet Management
http://www.executivejetmanagement.com/aircraft_mgmt/default.asp
Executive Jet Management estimates that fuel discounts earned with an
aviation management company can save a company owning a midsize
airplane $20-25,000 yearly.
Raytheon Aircraft Management
http://www.raytheonaircraft.com/service_support/aircraft_management/management_home.shtml
Flexjet
http://www.flexjet.com/
Elliott Aviation
http://www.elliottaviation.com/airman.asp
Executive Fliteways
http://www.fly-efi.com/faqs.html
Kansas AirCenter
http://www.kansasair.com/Pages/Management.html
-------
Airline Transport Pilot (ATP) license
Sources:
EHow-- How to Buy a Personal Jet
http://www.ehow.com/how_110761_buy-personal-jet.html
Executive Jet Management
http://www.executivejetmanagement.com/aircraft_mgmt/choose.asp
Search terms:
private jet pilot salary
aircraft management company
flexjet
corporate pilot pay
corporate pilot hourly salary
If you need any additional clarification, let me know and I'll be glad
to assist you.
--keystroke-ga |
