Flying on your days off for extra $$$??
04-19-2007, 10:03 AM
#11
Gets Weekends Off
Joined APC: Nov 2005
Posts: 1,425
If you own the school, and you fly with someone, and that person pays the school, who in turn pays you, how are you not getting paid again? Maybe I'm missing something though.
Or if you sell airplanes and ferrying an aircraft is contribitory to your business but you aren't actually paid to fly but you are paid to broker an aircraft. Loopholes I'm sure.
Now, if you charge a "delivery fee" then I could see that as getting paid to ferry an aircraft, but I'm not a lawyer. If I was, I'd argue that that would be a commercial operation.
04-19-2007, 10:11 AM
#12
Gets Weekends Off
Joined APC: Mar 2007
Posts: 382
Because as the owner of a corporation, you will collect dividends. It doesn't have to specify what it's for. You could write it in your logbook as dual given with note for not compensated then the school cuts a check for dividend quarterly profits which takes into account all other profits then there is no way to tell all the places that the funds came from (pilot shop sales, other instructors who are employeed, rentals, etc). The point is there are lots of ways around this. Just be careful and make sure it looks like you are doing everything for free. Selling planes is probably the best route, more money too. Btw that was all hypothetical, you couldn't pay me enough to own a flight school.
04-19-2007, 10:16 AM
#14
Gets Weekends Off
Joined APC: Jun 2006
Position: ERJ FO
Posts: 1,276
Those dividends your collecting as owner/operator will be viewed as compensation for the activity you perform at said flight school. If flying is one of those activities...well...use your imagination.
04-19-2007, 10:37 AM
#15
Gets Weekends Off
Joined APC: Nov 2005
Posts: 1,425
Because as the owner of a corporation, you will collect dividends. It doesn't have to specify what it's for. You could write it in your logbook as dual given with note for not compensated then the school cuts a check for dividend quarterly profits which takes into account all other profits then there is no way to tell all the places that the funds came from (pilot shop sales, other instructors who are employeed, rentals, etc). The point is there are lots of ways around this. Just be careful and make sure it looks like you are doing everything for free. Selling planes is probably the best route, more money too. Btw that was all hypothetical, you couldn't pay me enough to own a flight school.
If I were to guess, you'd be paying your tax attorney and CPA's more than the first year salary at a regional to keep track of all those records. What's my point? The typical regional FO doesn't have access to a large fleet of airplanes, a pilot shop, an FBO, and a payroll department.
My recommendation - simply put - don't instruct on the side without prior written permission from the higher ups at your company. There are a lot of things you can do on the side at a regional with all that time off - use it to learn something new instead of flying every day of every week!
04-19-2007, 12:14 PM
#17
Line Holder
Joined APC: Feb 2007
Position: CRJ FO (in training)
Posts: 82
As far as the context of this issue goes, any commercial flying (whether or not it's 121) counts toward the 1000/yr. All I'm saying is that I wouldn't count instructing as 'commercial flying', though it may very well be, solely because one needs a commercial certificate to get the CFI.
Ken
04-19-2007, 12:31 PM
#18
Gets Weekends Off
Joined APC: Jan 2006
Position: Spartan
Posts: 3,652
You need a commercial (obviously) to get a CFI certificate. Instructing, however, has been held to be a 'teaching' position, not a 'flying' one, which is why you don't need a medical certificate to instruct so long as the 'student' can act as PIC. In other words, no primary instruction without a medical, but pretty much everything else (with a few exceptions like doing a BFR for someone out of currency) is OK.
As far as the context of this issue goes, any commercial flying (whether or not it's 121) counts toward the 1000/yr. All I'm saying is that I wouldn't count instructing as 'commercial flying', though it may very well be, solely because one needs a commercial certificate to get the CFI.
Ken
As far as the context of this issue goes, any commercial flying (whether or not it's 121) counts toward the 1000/yr. All I'm saying is that I wouldn't count instructing as 'commercial flying', though it may very well be, solely because one needs a commercial certificate to get the CFI.
Ken
I will guarantee your 121 airline will see it differently. Most likely it is covered sometime in your new hire training. If you value your job it would be wise to ask before flying on the outside for $. I have heard of some CP's allowing it. One could always make money as a sim FO at FSI or the like.
04-19-2007, 12:40 PM
#19
Line Holder
Joined APC: Feb 2007
Position: CRJ FO (in training)
Posts: 82
I will guarantee your 121 airline will see it differently. Most likely it is covered sometime in your new hire training. If you value your job it would be wise to ask before flying on the outside for $. I have heard of some CP's allowing it. One could always make money as a sim FO at FSI or the like.
Ken
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