CJ Jouhal
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An Entrepreneur that leverages technology to grow and enhance a business. A Technologist that understands business and entrpreneurship and makes technology facilitate the business model.

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Aircraft Management Agreement Part 135

Managing a million-dollar aircraft is not only one more task, but also a complete one – a business in which many homeowners need help. “We are overwhelmed at the moment,” said Scott Phillips, whose company Jet 1 offers management and charter services in Naples, Fla. “We have a lot more people asking us to manage the planes, whether it`s Part 135 [charter flights] or Part 91 [private flights].” 1. Set your goals. If you need help managing your aircraft, set your management goals first. How many hours a year do you want to fly and to which destinations? Do you want to generate charter revenue? If so, how many hours and how flexible are you in changing your schedule to accommodate charter opportunities? Once you`ve answered these questions, it`s time to look for companies that can provide what you need. “A good management company will take the time to sit down with the potential customer, understand the customer`s needs and come back with a proposal and say, “That`s how I got to this number,” said Michael Moore, Director of Aviation Sales at Meridian Teterboro.┬áBe careful with anyone with fixed management fees and people who can give you a price without talking to you.┬áRemember that not all good management companies will be right for you. Some may not be able to meet your needs, do not need your aircraft model in their charter fleets, or have operating standards and procedures that you are not familiar with. You can use your aircraft from its current base and have it managed remotely. A management company can recruit the necessary staff, connect with your maintenance team and ensure that all necessary services are performed smoothly. 3. Do due diligence. It`s important to check every management company you`re considering.

Its financial vitality is essential, as it requires hundreds of thousands of dollars of working capital for day-to-day operations. However, most management companies are private and do not publish financial information, making due diligence difficult. Call suppliers and ask if the company pays its bills in a timely manner. Contact customers and ask for their experience. “There are some good operators out there and some good lessons to learn,” said Rick Maloney, President and CEO of Pentastar Aviation in Waterford, Mich. “Understand who you`re talking to, go to their facilities, talk to them and make sure it`s a company you`re going to trust.” Perhaps the most important is to check the company`s safety record: Is it verified Wyvern or ARG/US and at what level? Check with the National Transportation Safety Board and the FAA about incidents or accidents involving your aircraft or how it works. 4. Opt for Operations Part 91 or Part 135. Your aircraft can be operated according to Part 91 or Part 135 or both. For example, it may be part of Flight 91 with an owner on board and part of 135 flights if it is leased for charter.

An owner may also operate an aircraft in accordance with the provisions of Part 135, even if he does not intend to use it for charter. The route you have chosen can have significant tax and liability consequences.

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