How much to ferry a plane

[John2375]

Ever read "Air Vagabonds?" Awesome book

 

[FN FAL]

Very funny, I know you're not serious

The FAA views flight time as "valuable" compensation. In fact, this is one place where I think Avbug will agree with me.

So, if the FAA views flight time as a compensation, how come nobody is reporting it on their income taxes?

 

[i'mbatman]

The FAA views flight time as "valuable" compensation. In fact, this is one place where I think Avbug will agree with me.

So, if the FAA views flight time as a compensation, how come nobody is reporting it on their income taxes?

The FAA can pound one with 'flight time' as compensation. Until I can pay my bills with flight time, its not compensation.

 

[FN FAL]

The FAA can pound one with 'flight time' as compensation. Until I can pay my bills with flight time, its not compensation.

What about the IRS?

Title 26>Subtitle A>Chapter 1>Subchapter B>Part 1

§ 61. Gross income defined
(a) General definition

Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:

(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

​

 

[FN FAL]

I'm thinking that any flight time up to including the ATP that is not a direct result of working for an employer or for your own business and is given in compesation for some duty, is taxable as compensation income.

In other words, flight time that you recieve while working at an FBO as an instructor, would be exempt from tax because you will be recieving a taxable income for performing the CFI duty...the airplane time would just be considered "incidental" to your employment as a flight instructor.

However, if you are flying planes for free to get the valuable compensation of flight time, you would not enjoy an exemption. The flight time would be taxable at the average going rental rate for that make and model.

 

[GravityHater]

How much do they want? I know someone who will pay 100$ per day to fly it.
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AHAHAHAHAHA SORRY I COULDNT RESIST!!!!!!!

 

[NW_Pilot]

What is the going rate to ferry a small GA airplane?

I myself charge $0.15 to $0.70 A Mile for labor Depending On the Type of Airplane & Distance my Min fee is $250.00. I know the Flat Rate System I have seems to be working well I am keeping busy. I quote a price and that is the price the client pays for my labor no surprises for weather or mechanical delays. So If I say for example a 2200NM Straight Line Distance in a C-152 is $0.37 NM I give the Customer a Flat rate of $814.00 for my Labor + Expenses and Travel Costs.

I feel this type of pricing is reasonable if I work hard and put in long hours like I always do and get the client their airplane quickly but safely I make more than I would on a daily rate. If there is any type of delay due to weather or I fell that the conditions of the day are not favorable for flying I don’t have to worry about explaining to a client why the airplane did not move that day or did not make any progress “The client dose not have to worry about how much its going to cost they already because they know”

I have done a few jobs now that the client has had the person that is willing to do it for “free” & or the flight instructor or airline pilot that have either abandoned the airplane or was to busy with their day jobs to start or complete the flight.

 

[§kyye Candy]

IRS spies

What about the IRS?

criminey sakes... they are HERE too? :smash:

 

[mcjohn]

Just size up the client. If you like him charge less, if you don't like him charge more. Ask him what he would offer to pay and then decide if he's an idiot or not.
I've nevered ferried other than for Mx and that was for free 'cause I was trying to build up to 250 you know. But if someone asked me what I thought would be a fair price for the flying than I'd guess about $50 an hour for anything.

 

[mcjohn]

FN FAL likes guns not taxes. Where the hell as AvBug been lately?

 

[NW_Pilot]

FN FAL likes guns not taxes. Where the hell as AvBug been lately?

Yep an FN FAL is a nice piece of machinery & craftsmanship but to expensive though!