What to charge?

Now here's a thread worth participating in. Sounds like you've got a pretty unique opportunity, so congrats on that, first and foremost.

A couple questions: you say you're on retainer - does that mean you can't seek outside employment when you're not flying for them? If you can't, then obviously your pay here needs to be high enough to live off of. If so, it gets a little more complicated.

I think 300/day with a minimum guarantee of 10-12 days + per diem, all expenses, and benefits would be appropriate. If they don't offer benefits and you can't get them elsewhere, the pay needs to go up. Also, consider days off and QOL (and here's something that MFT and Propilot probably wouldn't expect me to say). You may have to be willing to take a hit in pay if the QOL is very very high. If the trips are mostly day trips with few overnights, you probably won't be able to command as high a rate. I'm currently in this situation myself; I could probably command more on the open market, but usually only have about 20 RONs a year, mostly day trips and benefits. Before anybody asks, no, I do not make 19k a year, quite a bit more. But, in my opinion, you must factor this in.

If you're managing 2 airplanes (or 1 if the Mooney goes), you need more money than 300/day. In that case, I would shoot for a base salary (insert dollar figure here) plus a spiff for every flight hour flown + per diem and expenses. Are you cleaning the aircraft or do they have a detailing service? Again, adjust your rate accordingly.

All said, I suspect this job is probably worth $55k or so. If it's down to one airplane it's probably $50k. Maybe a bit less if the benefits are good. Aim high. Good luck.
 
I knew two guys that did this and one flew a Bonanza the other flew a warrior (nicest warrior ever). They both were in the 30,000 range salary, no matter how much they flew.
They were allowed to flight instruct on the side too, but when he wanted to go, they went.
 
FWIW, I have a friend who flies and manages a PC12 and C421 for two different owners. He is paid $5500 per month to fly and manage both airplanes. He has a company card to cover all expenses.

This looks like a real good opportunity, good luck.
 
For this airplane:

$300 a day regardles flying or sitting away from home on the road.

All expenses while on the road: no limit as long as it's legit and not abused
Make sure you have a company card for the expenses on the road ie.. nothing is reimbursuble it's all put on thier card

20-30 hrs a month means how many trips? I'm estimating 3 hours a trip so that in the ball park of 7 day trips a month.

I think I'd ask for $2000 a month gurantee to be on retainer. 2000/300= 6.6 days a month on the road. If he flys more than that then he pays you 2000 plus your day rate.

That's my initial offer.
 
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