As A Contract Pilot, you are compensated as a highly skilled professional for your time, expertise, and availability and not just for the physical act of flying. You are compensated from the moment you leave your domicile to fulfill an assignment and are reimbursed for associated expenses, such as travel to the aircraft’s location, meals, accommodation, and any other required costs to ensure that you are fairly compensated for your time and efforts, even outside the cockpit.

Here Is A Breakdown Of The Contract Pilot Expense Outline for a 7-Day Assignment on the Gulfstream G700

Assignment Overview:

• Aircraft: Gulfstream G700
• Route: JFK Airport (New York) to Melbourne, Australia
• Passengers: VP of Sales and 3 Executives
• Duration: 7 days (Day 1 to Day 7)

Compensation and Reimbursable Expenses

1. Day Rate:
• Base Day Rate for Gulfstream G700 PIC: $3,500/day
• Oceanic Operations Certification Premium: $500/day
• International Flight Premium: $300/day
• Total Day Rate: $4,300/day

Total for 7 Days: $4,300 x 7 = $30,100

1. Travel Expenses:
• Domestic Flight (Round Trip): Miami (MIA) to JFK and return
• Estimated cost: $500 (economy class)
• Ground Transportation:
• Rental car at JFK: $80/day x 2 days = $160
• Gas for rental car: $50

Total Travel Expenses: $710

1. Per Diem:
• Standard Per Diem: $100/day x 7 days = $700
2. Accommodations in Melbourne:
• Hotel: $300/night x 5 nights = $1,500
3. Miscellaneous Expenses:
• Airport Parking (at MIA): $20/day x 7 days = $140
• Incidentals (e.g., meals not covered by per diem): $50/day x 7 days = $350

Total Miscellaneous Expenses: $490

1. Total Compensation and Reimbursement:
• Day Rate: $30,100
• Travel Expenses: $710
• Per Diem: $700
• Accommodations: $1,500
• Miscellaneous Expenses: $490

Grand Total: $33,500

Invoicing Outline for the Aircraft Owner

Invoice Header:

• Pilot’s Name and Contact Information
• Date of Invoice
• Aircraft Owner’s Name and Contact Information
• Assignment Details (Aircraft, Route, Dates)

Invoice Breakdown:

1. Day Rate:
• Base Day Rate: $3,500/day x 7 days = $24,500
• Oceanic Certification Premium: $500/day x 7 days = $3,500
• International Flight Premium: $300/day x 7 days = $2,100
• Total Day Rate: $30,100
2. Travel Expenses:
• Domestic Flight (MIA ↔ JFK): $500
• Rental Car (JFK): $160
• Gas for Rental Car: $50
• Total Travel Expenses: $710
3. Per Diem:
• $100/day x 7 days = $700
4. Accommodations:
• Hotel in Melbourne: $300/night x 5 nights = $1,500
5. Miscellaneous Expenses:
• Airport Parking: $140
• Incidentals: $350
• Total Miscellaneous: $490

Grand Total: $33,500

Payment Instructions:

• Bank Transfer Details
• Payment Terms (e.g., Net 15 Days)

Discover how to earn more, fly on your terms, and achieve the ultimate work-life balance as a successful contract pilot. Whether you want to go full-time or explore new opportunities, this is your chance to thrive in aviation

Click The Link Below To Build Your Network To CONNECT With Other Pilots And Learn More about these strategies and the other opportunities to expand your career with the specific aircraft that you fly and more, 👉 https://www.theprofessionalpilotnetwork.com/the-professional-pilot-forums

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