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On Feb 20, 4:40*pm, Marty Shapiro
wrote: Dan wrote in news:8e803d10-c44e-44da-bf45- : On Feb 20, 5:26*am, Denny wrote: Three years ago my mechanic/fbo put a ton of money into an Aztec, hired a pilot, hired a firm to create the books, had the FAA in on 3 different trips inspecting the plane, the office, the books, taking the pilot for a check ride, yadda, yadda... Then once approved to operate 135 he began bidding for jobs... He found that the competition was playing hardball, even running a Learjet on jobs for less than he was willing to do with the Aztec, they often bid jobs for barely more than their fuel costs apparently losing money to establish rapport with the shipper... The competitors took jobs where they would be deadheading back after the run and still underbid him, plus they beat him to the punch by taking the run a half day sooner because he was still trying to find cargo for both directions... *In the end he went belly up... If you are going to succeed you will do most of the flying yourself, you will need to be an A&P to hold your maintenance costs down, you will be ready to live out of the airplane yes, sleep in it for a week at a time as you hopscotch across the country taking cargo from a to b, then deadheading to c for a run to d, and so on, you will likely have to get by with only insurance for for PL & PD and take the chance you won't destroy the plane which means your family will have to front the money for the plane instead of a bank loan ... Other than that, it should be a piece of cake! denny Wow! That sounds like quite a nightmare. *Apparently aviation and successful entrepreneurialism do NOT go hand in hand. You paint a picture so bleak (and it might well be true) that it makes me wonder why anyone goes into aviation. I have a good paying job now, but I'd like to do something more fun when I get to a point in my life I can work and not be concerned with making top dollar (i.e. 10-20 years out). *I'm trying to plan out how I might prepare for doing something in aviation. Currently, when thinking about what I'd like to do when I "retire" I think I'd like to fly a lot. *However, it is expensive so it would be better to get paid to do it rather than spend big money on a hobby. I'm not sure the CFI route is for me. *I prefer cross country flights with a definate destination. *--Dan I read several years ago that the combined record of all airlines since day one of commercial aviation shows a net loss. *As they say the only way to become a millionaire in aviation is to start with a few billion. -- Marty Shapiro Silicon Rallye Inc. (remove SPAMNOT to email me)- Hide quoted text - - Show quoted text - Somehow Southwest and Netjets are doing pretty good though, so with good management it should be possible to make money. Not that I claim to have the magic bullet of course. --Dan |
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