Guys, I need a good contract rate for a CE-501 PIC in the south. I was thinking about $500 bucks a day, but I really have no idea what the average is. Help!
I'm bringing this back up as a friend of mine is looking to do some contract work in a 501. Is the going rate still $450-$550 per day, or has it gone up in the past two years?
I get $450 + Expenses in a 501 for PIC responsibilities in the south. $350 for SIC, yes I know the 501 is a single pilot airplane. Also, the contractors around here usually require an SIC in the 501 if it's a NE or West Coast trip. $500 wouldn't be unreasonable...CE-500 types are now in the $15k ballpark at the bigger schools. It's worth the money to the operator to pay the higher contractor rates.
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