Aircraft Management
05-20-2011, 09:29 AM
#1
Line Holder
Thread Starter
Joined APC: Feb 2010
Posts: 91
Aircraft Management
Alright all you out there who manage aircraft. I'm in need of your expertise. A company I work with has asked me to help them with the acquisition of their first aircraft (Phenom 300) and asked that I manage it. I'm coming from the 135 world and I'm not quite sure what types of insurance I will need. I know what I need for the aircraft, but since my newly formed management company will have operational control do I need additional liability coverage separate from that of the aircraft? I've always been hoping I'd get a management gig, but I didnt think it would happen so soon. I'm feeling a little rushed to get a company set up, so any additional advice on getting up and running would be greatly appreciated.
05-20-2011, 11:14 AM
#2
Gets Weekends Off
Joined APC: May 2010
Position: Not on this message board.
Posts: 159
you just need to be 'named insured' on the aircraft policy...
if you want separate "business insurance" like E&O and such, then you are on your own, but make it a pass through cost for your business.
PM for more details if you would like.
if you want separate "business insurance" like E&O and such, then you are on your own, but make it a pass through cost for your business.
PM for more details if you would like.
05-20-2011, 01:19 PM
#3
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Thread Starter
Joined APC: Feb 2010
Posts: 91
Insurance
Thanks quietspike. Check your PMs.
I wasn't expecting the offer to manage the aircraft as I'm a fairly low time pilot (2600 TT 350 Multi Turbine), but the company has offered to cover the costs of a mentor pilot which the insurance company will most likely require. I feel very fortunate for the opportunity but also a little overwhelmed at the job a hand.
I wasn't expecting the offer to manage the aircraft as I'm a fairly low time pilot (2600 TT 350 Multi Turbine), but the company has offered to cover the costs of a mentor pilot which the insurance company will most likely require. I feel very fortunate for the opportunity but also a little overwhelmed at the job a hand.
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