Typical cost of a 135 certificate???

[dillfer]

Anyone know? I imagine they can probably vary a lot depending on different things. Don't really know much about it. Lookin for info.

 

[timmay]

Varies greatly based on type of a/c, authorizations, 10 or more seats, etc. All depends on the individual certificate. What type of operation are you looking at starting? The reason I ask our certificate is for sale.

 

[gulfstream2345]

You can't sell a certificate. You can sell the company that owns the certificate. That is a technicality but an important one. I know a company for sale that owns a 135 10 or more, 9 or less, world-wide ops specs and the price is 1 million. I looked at other companies and found various prices but none below 100,000 even for the 9 or less.

 

[Shamus]

Last year, Global Jet Charters, owned by Aero Toy Store just handed theirs in to the FAA, I guess they didn't want the hastle, maybe liability, I don't know, Morris is a strange bird.

 

[climbhappy]

all the above is true. even if you did buy a company that held one, you would enter a qualfication process, let's just call it recertification if there weren't any ops in the prior 90 days.

this process alone would seem like the total certification done all over again.

if you have 20 million, you can buy Pace, a 121, a 145 repair station with continental as their biggest customer, DOD approved, Etops for 75,76 and has 73s running around.

you would simply have to pick out the paint color of the office if you bought the company, and then we'd get a new op spec with President name changed. This assumes that you wanted to be president.
I just used Pace as an example because we've been for sale ever since Brooks died, one of 5 original Hooters founders.

 

[Snakum]

all the above is true. even if you did buy a company that held one, you would enter a qualfication process, let's just call it recertification if there weren't any ops in the prior 90 days.

this process alone would seem like the total certification done all over again.

if you have 20 million, you can buy Pace, a 121, a 145 repair station with continental as their biggest customer, DOD approved, Etops for 75,76 and has 73s running around.

you would simply have to pick out the paint color of the office if you bought the company, and then we'd get a new op spec with President name changed. This assumes that you wanted to be president.
I just used Pace as an example because we've been for sale ever since Brooks died, one of 5 original Hooters founders.

That sounds lie a bargain to me. I'll run by the bank at lunchtime today and get a certified check. I've always been a sucker for a 75/76 ETOPS cert.

But seriously ... why would anyone want to start a 135 op nowadays, Dillfer? Got too much money and need to unload some of it? You could give it to me. Then I wouldn't need to stop by the bank for that certified check.

 

[Metro752]

I believe USA Jet was looking at buying Pace awhile back.

 

[climbhappy]

and we wonder why the banks are failing. they have the money and yet they don't have any common sense.

 

[Hung Start]

You ask the cost, here is the answer. $0.00.

You march yourself down to the local FSDO. Apply for a single pilot certificate. Do paperwork yourself. Wait about 3 months. Get certificate. Fly for a 1/2 year and see if it might be viable. Then, apply for a basic certificate. Do paperwork yourself. Grow a bit there, then get full certificate.
That's what I did. Ended up with multiple aircraft, from 310's to King Airs. Total cost $0

Had both US and Canadian Certificates.
Took a bunch of years, but you have time,,right???

Hung

 

[climbhappy]

i did the basic and you're right. i spent "0" except for my time. learned alot...if a basic works for you, it's much quicker and gets you into the ballgame

 

[Hung Start]

i wasn't trying to be a wise-ass on the answer, even if it appeared that way. There really is a very small, or maybe even no, value to the certificate itself. In some ways, it may be a hindrance. If there is pending enforcement action or litigation, you may not want to be anywhere near that certificate.
The real value is in the equipment and customer lists. But, even the customers may decide that their loyalty was to the person they knew in the company. So a lot of due diligence is the word of the day here.

Hung

 

[climbhappy]

anyone trying to get rich or defray ownership costs of a plane are totally misled in thier thinking. the insurance cost alone make this unpalatable

you should have other revenue streams like an FBO with maint, flight school, avgas sales.

 

[gret]

GV Chartered for 100 hours per year-

Revenue ($8K/hour) is $800K, less DOCs of $400K ($4K/hour) provides a contribution against fixed costs of $400K.

 

[Flex-ible]

GV Chartered for 100 hours per year-

Revenue ($8K/hour) is $800K, less DOCs of $400K ($4K/hour) provides a contribution against fixed costs of $400K.

And the cost of $40 million @5% is $2 million.

 

[Flex-ible]

You ask the cost, here is the answer. $0.00.

You march yourself down to the local FSDO. Apply for a single pilot certificate. Do paperwork yourself. Wait about 3 months. Get certificate. Fly for a 1/2 year and see if it might be viable. Then, apply for a basic certificate. Do paperwork yourself. Grow a bit there, then get full certificate.
That's what I did. Ended up with multiple aircraft, from 310's to King Airs. Total cost $0

Had both US and Canadian Certificates.
Took a bunch of years, but you have time,,right???

Hung

I did almost the same thing, but a couple of things to add. First, three months is optimistic, depending on your FSDO. I've heard three months (that's about what mine took) but I have also heard 15 months. Second, it was a good investment for me to buy a compliance statement from a consultant who was a former FSDO guy. He actually knew my POI, so the statement was accepted without changes. The CS is a huge deal - mine was over 100 pages for a single pilot - and my guy didn't charge much.

PM for details.

 

[climbhappy]

i did my own . it was in the 90's. took about a year. your friend the consultant is a good thing, but be weary of guys trying to make thier house payment by charging 5-10 grand for a 50 page term paper you can do yourself if you sit down and read each reg.
you don't have to be a lawyer, but understand FAA speak. be sure to include "all the subparts of this paragraphs, yada, yada."

 

[Flex-ible]

i did my own . it was in the 90's. took about a year. your friend the consultant is a good thing, but be weary of guys trying to make thier house payment by charging 5-10 grand for a 50 page term paper you can do yourself if you sit down and read each reg.
you don't have to be a lawyer, but understand FAA speak. be sure to include "all the subparts of this paragraphs, yada, yada."

Try $500. (in '03, not sure what he charges now) I told you it was a good deal.

 

[gret]

You won't get a 10 or more Part 135 Certificate for at least 2 years if ever. They don't want to give any out.

Some of the best have tried, but can't get them.


The FAA thinks there are way too many certificates out there and they don't want anymore as they have to dedicated resources to monitor them.

 

[timmay]

You won't get a 10 or more Part 135 Certificate for at least 2 years if ever. They don't want to give any out.

Some of the best have tried, but can't get them.


The FAA thinks there are way too many certificates out there and they don't want anymore as they have to dedicated resources to monitor them.

I have heard the same about all new certificates. The FSDO's are so short staffed they don't even have enough POI's to assign to existing certificate holders. We have been through 4 POIs in the last two years and haven't had one assigned to us for the last 4 months.

 

[gulfstream2345]

We just got out certificate after working on it with the FAA for 18 months. Certification is the last priority in FSDOs so that is what happens. Costs?? A bunch considered we had to do 20 hrs. of proving runs in a jet. That doesn't include setting up an office, crew salaries/benefits, insurance and the payments on a 6 million dollar jet.