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#1
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![]() Thanks for your previous help, folks. I have, hopefully, one remaining question. At the age of 35, having resigned to a life of earthbound employment, I just want to know this: If I finish my instrument rating and complete my commercial, is it possible to recover those training expenses flying part-time? All I want to be able to do is subsize my passion and increase my ratings and skills. If I spend, say, $10,000 earning instrument, commerical and perhaps CFI ratings, is it reasonable to expect that I will be able to earn that back before the final wings are pinned on my shoulders? In the end, it'll be worth it anyway, but what are the odds? -c |
#2
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![]() If I spend, say, $10,000 earning instrument, commerical and perhaps CFI ratings, is it reasonable to expect that I will be able to earn that back before the final wings are pinned on my shoulders? I'm not sure I understand the question. If you are asking, essentially, whether a lifetime total income of more than $10,000 is reasonable in aviation, then yes. At $20/hour as a CFI, you could fly 500 hours (say, enough to see 20 students through primary training) to make that kind of money. If you can pull down $40/hour, then ten students (over your entire lifetime) will pay back $10,000 worth of ratings. But I don't think that's really the question on your mind, because in order to do this, you will have to work for 500 hours. That's a little over twelve weeks of full time flying. This will involve double that amount of hours when you count all the down time. So, going full steam, it will take half a year, assuming that students are coming out of the woodwork to fly with you. So, half a year of working, and you get $10,000. Ok, it's fun work, but it's still time you're renting the apartment or paying the morgage, eating lunch, buying flowers for your honey (probably the best flying investment there is ![]() and accuing other expenses that need to be paid in cash rather than gasoline. Or, it's time you're not working at your earthbound job making the money to take care of the other stuff, such as getting ratings and flying (for yourself). I would not look at "hobby flying employment" as a way to pay back the cost of ratings, but rather, as a way to get in the air on somebody else's dime. Assumnig you're going up anyway, might as well get somebody else to foot the bill. Jose -- (for Email, make the obvious changes in my address) |
#3
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Two things come to mind:
1) If you want a positive cash flow when you fly for hire, then you probably want to line up with an on-demand charter company because maintaining your own aircraft to Part 135 requirements takes money and probably full-time availability for work. 2) There will be a long line of other pilots competing for whatever opening you find at this charter company. Not impossible but it will be a difficult road. Your best bet would be to get your CFI and teach part time. Marco -+ "gatt" wrote in message ... Thanks for your previous help, folks. I have, hopefully, one remaining question. At the age of 35, having resigned to a life of earthbound employment, I just want to know this: If I finish my instrument rating and complete my commercial, is it possible to recover those training expenses flying part-time? All I want to be able to do is subsize my passion and increase my ratings and skills. If I spend, say, $10,000 earning instrument, commerical and perhaps CFI ratings, is it reasonable to expect that I will be able to earn that back before the final wings are pinned on my shoulders? In the end, it'll be worth it anyway, but what are the odds? -c ----== Posted via Newsfeed.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeed.com The #1 Newsgroup Service in the World! 100,000 Newsgroups ---= 19 East/West-Coast Specialized Servers - Total Privacy via Encryption =--- |
#4
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I'm in the process of getting my commercial now. The only reason for
doing it is that it will allow me to do scenic flights at the local flight school if there is no one else available (it's a small school). If the FAA goes through with their illogical restriction on scenic/charity flights, I will stop my commercial training for now (I only have 270 hours) and pick it back up again when I'm close to the 500 hour requirement (lots of Angel Flights should allow this). You need to ask yourself a few questions (which I'm sure you already have). 1. Do you really want to do this as a profession, regardless of the money? 2. Do you think that flying professionally will satisfy your desire to fly or kill it? Once you get your commercial, I think viewing paid part-time instructing/sight-seeing as a time builder rather than investment recovery instrument might be the way to go. Just think of it as getting to do something you like to do and you get some money for it as a bonus. Just my $.02 gatt wrote: Thanks for your previous help, folks. I have, hopefully, one remaining question. At the age of 35, having resigned to a life of earthbound employment, I just want to know this: If I finish my instrument rating and complete my commercial, is it possible to recover those training expenses flying part-time? All I want to be able to do is subsize my passion and increase my ratings and skills. If I spend, say, $10,000 earning instrument, commerical and perhaps CFI ratings, is it reasonable to expect that I will be able to earn that back before the final wings are pinned on my shoulders? In the end, it'll be worth it anyway, but what are the odds? -c -- Remove "2PLANES" to reply. |
#5
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![]() "Marco Leon" mleon(at)optonline.net wrote in message news:4096a641 2) There will be a long line of other pilots competing for whatever opening you find at this charter company. Not impossible but it will be a difficult road. Your best bet would be to get your CFI and teach part time. That's my plan. It should help that the FBO owner I'm training out of was my father's partner at the sheriff's office for over a decade, eh? Thanks for the comments, everybody. Since my original post I discovered that my primary flight instructor also sells real estate (and serves as a Major in the AF Reserve) -c |
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