A Basic Guide To Generating Revenue With Your Jet
If you are using your jet less frequently now than when you first purchased it, you might be considering ways to reduce your ownership expenses. If you have a good management arrangement, either with the Chief Pilot/Director of Operations of your own flight department or with a well-respected management company, you probably have your expenses already reduced to the lowest costs possible without affecting the safety of your operation. So what else can you do? A sensible option is to use your aircraft to bring in revenue when it sits idle.
There are several ways you can generate revenue with your aircraft. Many aircraft owners will first consider letting their friends use the aircraft in exchange for payment. At first glance this is a quick and easy way to bring in revenue to offset fixed expenses - but be careful. Federal Aviation Administration (FAA) and Internal Revenue Service codes and regulations prohibit providing an aircraft with pilots to a third party for compensation unless you have your own air carrier certificate. Most non-aviation tax and law professionals don't understand the nuances of aviation regulations, so it's best for you to consult with a tax and legal professional that specializes in aviation to keep from inadvertently violating regulations.
One way you can legally generate revenue with your aircraft is by providing your aircraft to a third party, without fuel or crew, as a dry lease arrangement. Due to FAA commercial regulations, you can only accept payment for the use of the aircraft, and can't provide a flight crew or fuel along with the aircraft. You'll need a written dry lease agreement in place and there could be negative tax consequences, so it's best to consult aviation-specific tax and legal professionals before you proceed.
Be sure your aircraft manager submits the lease agreement to the FAA for acceptance and notifies your insurance provider. Dry leasing your aircraft now places "operational control" into the hands of the lessor while your aircraft is being operated by the third party, who should also consider the liability issues involved.
Most aircraft owners prefer the simplest method of generating revenue with their aircraft - placing their aircraft onto a charter company's Part 135 air carrier certificate. Contrary to what you might have heard, operating your aircraft on a charter certificate is actually quite simple and inexpensive. While there are some "super-sized" management companies with inflated monthly and conformity fees, most charter operators are concerned with creating a fair structure that creates value for the aircraft owner and a mutual business benefit.
Allowing a charter company to utilize your aircraft enables you to legally earn charter revenue and reduce your own liability in the operation of your aircraft. Most importantly, the charter revenue earned may offset a significant portion, if not all, of your operating expenses.
Chartering is the most convenient way for you as an aircraft owner to legally generate revenue because you can set the terms on how much charter revenue you want, and when you want the aircraft available for charter operations. Most dry lessors will expect to have the aircraft available at their convenience, while charter operators are more concerned about meeting the aircraft owner's needs first. Chartering will allow you to maintain use of your aircraft while maximizing the utilization of revenue-earning flights on your aircraft.
A to Z of Indian Age of Authoritarian Democracy Communication Effect Communication Skills A Vehicle On The Road Corporate Governance Investing in the Emerging Daily Politics Blog How to Find Democracy at Its Best E Governance Election of the President of Pakistan Five Tips For the Best Queen Friendship and Politics Can They Mix Government Bids Top 10 Tips Government Contract Proposal Writing Tips Handle the Argumentative Communicator and Difficult How Ancient Greek Democracy Worked How Does a Bee Become the Queen If President Obama Were My Patient Ignoring Importance Of Communication Is A Direct Importance of an Effective Community Relations Introduction and Brief History Is President Obama Channeling President Richard Issues Which Are Plaguing Local Self Government In New Jersey Monkey Cage Democracy Moving to Queens New York O P Bhatnagar A Poet Perestroika and Democracy in Russia Political Discourse and Participatory Politics The Ugliest Fascination on Earth Post capitalist Free Market Economy President Barack Obama Must President Bush and Pyramid Numerology Problems In Managing Government Purim Why Did the Womanizer Queen Bee Rearing Queen Hatshepsut Egypts Queen Queen Honeybees Are Made Not Born Queens of Amsterdam Quest for Democracy in Ethiopia Secrets to Becoming a Master Serious Defects in Modern Democracy Seven American Presidents Have Uranus Six Myths of Effective Communication The 2008 Election Results Dysfunctional The Art of Communicating The Government GIP The History of Cornish Independence The Meaning Of Queen The Pope And The President The Role of Government The Significance of the Queen The Top Five US Presidents Top 10 US Presidents True Democracy US Government Sales Marketing US Presidents That Went to Harvard Understanding the Communication Process The Key to Organisational What Is The Best Suitable What is Political Science Where Now For European Why Workplace Politics Charts the Path
5 Major Benefits of Leasing A Basic Guide To Generating Revenue Apartment Property Management Audi Business Leasing Automated Recoveries Key Can Property Management Make a Finance Difference Commercial Agents Sales Presentation Commercial Property Management Commercial Property Contract Hire Information Do You Need Property Management Does Employee Leasing Make Sense Dubai Property Management Employee Leasing Lover Employment Leasing HR Management Expediter Truck Service Financial Analysis for Workplace Lease Five Considerations of Hiring Property For Property Management Jobs Freehold And Leasehold Property Government Bidding Glossary (pt 1 2) Green Car Scheme How Property Owners Benefit How To Break Apartment Lease How To Evaluate Management Software Importance of Lease Abstraction Internet Based Lease Accounting Is Pre-Pack Administration Right for Finance Lease Administration Software Lease Management Software Lease Or Get Property Lease Your Next Car or Fleet Leasing Office Equipment Leasing Software And Fleet Management Let The Property Management Do the Job Make Finding a Property Easier Make Finding a Property Management Company Make Property Management Effective Oklahoma City Property Management Companies Property Management Company for Business Property Management Fees Explained Property Management on the Rise Renegotiating a Commercial Lease Shopping for a Property Tenants Obligations Under Commercial Property The Best Atlanta Apartments The Evolution Of Property Top 9 Questions to Ask Uncover Which Property Management Jobs Waterloo Property Management What Is Staff Leasing What Type Of Property Owners Look For What You Will Get From Property Why It's Important to Get Property Why You Need Property Managers orleans Property Management Company Why You Should Hire Manager Workflow Automation In The Leasing Empirian property management - Law
you shall read about this ico listings on https://icoplum.com/ico-list
© Riverside Property Management