Originally Posted by
Martin Shupe
Kent, there a lot of expenses in starting up an independent charter operation. You also have to do 100 hour inspections, which, unless you are an A&P, are costly. You also need enough customers to keep the lights on.
Someone once said the best way to make a million dollars in aviation is to start with two million dollars.
Also, don't ever buy a plane without getting a "pre-buy" inspection from a mechanic that 1) you trust, and 2) has no history with the plane or its current owner.
I sent you a PM, but it doesn't look like you got it, so check your inbox.
Randy, I've been looking at Cessna Skylanes (turbo). What type of commercial use would these be good for in your opinion and experience. The pilot of the King Air B200 was formerly a naval pilot. I wonder if it would be more worthwhile, considering my age, to be an independent charter pilot (liability insurance I know is sky high, no pun intended, for this type of business).
Kent, I've been out of that end of the business for more than 40 years, so I think my opinion on that wouldn't bear much weight. Martin is correct there are a lot of costs is setting up an independent charter operation. You cannot just decide to charter your airplane out for hire without an Air Taxi Commercial Operating Certificate. (ATCO) And the cost to maintain that certificate is enormous. Everything you have related to the maintenance of that aircraft needs documentation. If you're having someone else do the maintenance they also fall under scrutiny. Spares, misc. shop items such as adhesives, you have to damn near be able to document where the raw material came from and the pit it was mined from. Buying a used aircraft, anything with a prescribed overhaul time needs documentation. Time since overhaul/new? If you can't document the time on a given item it would have to be replaced. I'll bet we threw out more seals and gaskets than we used, even though they were in sealed packages, they had expiration dates. As to liability insurance, I doubt with minimum qualifications you could even get insured at any price, but that's a question for an underwriter. There's a lot of questions here that go beyond what can really be answered in an informal chat room setting. You really need to seek the counsel of local authorities, such as your FAA Flight Standards District Office (FSDO) and perhaps a company who can set up an ATCO operation for you, it won't be cheap. Take a couple of flight lessons, you might decide this is not for you and everything becomes a moot point, or you will really enjoy it!