What would you charge?

SFLAX

SFLAX

Well-Known Member
So, my back ground has been salaried for the last 6 years, but that job is going away. So, I have been offered a contract/daily rate King Air PIC position, single pilot. But I have never been on that side of the industry. I am the type of person, that has not and will not undercut the market for my benefit. I still do not know how much flying, but the owner has stated part time, so maybe 10 days a month. I have looked at the NBAA pay rates, but what is a good daily rate. The plane is a B200 and C90, maybe the B350, but that one already has a full time guy.
 
SFLAX said:
So, my back ground has been salaried for the last 6 years, but that job is going away. So, I have been offered a contract/daily rate King Air PIC position, single pilot. But I have never been on that side of the industry. I am the type of person, that has not and will not undercut the market for my benefit. I still do not know how much flying, but the owner has stated part time, so maybe 10 days a month. I have looked at the NBAA pay rates, but what is a good daily rate. The plane is a B200 and C90, maybe the B350, but that one already has a full time guy.
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What you charge must be based, at least in part, on what your costs will be. How will you obtain/maintain your qualifications? You pay? They pay? What will your expenses be? Insurance? Lodging? Any non-local travel required (i.e. commuting)? You need answers to those questions in order to determine an appropriate rate.
 
Since you would be flying single op, you want a min. of 350/day in the 200KA only as a PIC and even then, I think that's really reasonable and a bit below market. More for the KA350 obviously. I know guys getting 400 and 450 for PIC in the 200 in California an have a friend in New York getting 500 but they all have time in type. You also want to know ahead of time of exactly how many days per month, overnights and per diem/hotel/expenses and how quickly you have to arrive for being on call and what hard days you can count on a month that are not on call (hopefully they are reasonable) and exactly what your other responsibilities and duties might be. If you think it's 120 days a year at 350, that's only 42k a year and living in California, that's not a lot of money and if you have no guarantee of days, it's worse. And as mentioned above, who is paying for your type and recurrent? Will you be covered under their insurance on the plane or is that even possible with their insurance and their conditions? If you have to have your own, check out the price for that.

Also what are your future plans/goals? Ask them questions and then come back with more concrete info from them and I/we can give you more advice/opinions.
 
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$200 a day, plus expenses
 
Mike H said:
You'd think pilots would pick up on TV re-run references right off the bat
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I probably haven't seen that show in over 20 years, even in re-runs. Zoomed right over my head. And some days you just don't always know how "serious" a person is in their replies on here and I don't "know" every single poster on here either. Plus, I've seen worse advice (not saying from you). lol
 
I wouldn't consider anything under $300/day, and that's with the operator paying for training, currency, and all expenses.
 
I would say from friends that 300-350 was going rate around 2000-2002. With inflation, I would think 400-450 would be more appropriate, no?
 
ProudPilot said:
I would think 400-450 would be more appropriate, no?
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That is what I know guys are getting who already have time/experience and type. (and the one I mentioned who gets 500 and he's in NYC) But if he is new to this type and they will pay for training and recurrent, and he has future plans and needs to build time and experience, 350 seems "okay" to me for the KA200, plus they need to pay lodging, expenses, etc., and he needs to see what pay raises and/or bonuses they have in mind down the road and how stable they are, etc. 300 is just out of the question to accept for PIC, IMO, even in a KA200. Many entities that I know of, have the PIC making 400 to 450 to 475 and the F/O making 300, 325 and 350, for example but that's in a KA350 and depends of course on experience. But some do pay more though. The 200 seems to pay less in many areas, but it all depends on many things, like bennies (health insurance for one) how many days month/year, your experience etc.

He needs more info.
 
At the very least, $400 a day. That's the going rate around here and it's a pretty poor market.
 
Thank you for the input, I think I am going to ask for $300 a day the first 10 days. Then, $350 to $400 for anything past that. Also, with no king air time, the insurance company approved me for the C90, so that is huge.
 
You are helping them out. I will bet you you never go past 10 days. If they do, they will pay somebody else also who signs up for $300 the first 10 days. Get a min guarantee from them, and ask them for a "relatively" hard schedule. Say you will be able to work 15 days a month guaranteed for them for the min guarantee and anything more they pay more. Otherwise, you are on call for a month for $3000 per month at most, possibly.

Also, who is keeping up with mx, hangars, FBO's, etc.? If you are, your min guarantee should go up to take care of an airplane. It can be close to a full time job.
 
Exactly. That is why I also asked about what other duties they expect him to be doing. Even in the C-90 which is what, two seats smaller than the 200 and still a twin, so the pay should be the same, IMO. Don't do it for 300 clams especially when you are single ops. It's a great plane though and a good move for charter or corporate world and the perfect step to the KA200, but really it's so similar in most respects. Don't sell yourself short and what about all the other things to be considered that we have posted here? Did you get answers to any of them? Why the heck would they agree to pay you one rate (cheap as chips) and then 10 days later pay you what they should. Bad idea. Muy malo.
 
Thank you for the input. Like I said, I have only flown a jet for the last 10 years and for 6 years at a fractional. So i have no clue what I am getting myself into.
 
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