Looking for some simple breakdown on what it takes to teach someone to fly in my airplane. I've heard of people charging someone $60 for instruction, no cost for the airplane, and half the gas. I just want to know what is legal and the regs are very confusing. Assume I am a CFII when/if any instruction takes place.
Do I need commercial insurance and a 100 hour for the plane? Does anyone teach out of their airplane and if so, is insurance ridiculously expensive?

You will need to have a 100 hour inspection performed, assuming you do more than 100 hours between annuals. Flight instruction is flight "for compensation or hire".

Insurance may or may not be that expensive. I've done it, but that was in Alaska, where insurance is sorta obscenely expensive in any case. And, it was on floats.....to make matters worth. In any case, I would NEVER flight instruct without SOME insurance coverage, at the VERY least liability coverage. Are you REQUIRED to have insurance to instruct? No. But don't be stupid. If you have ANY assets, or ever hope to have any assets, these may ALL (including future salary) be subject to litigation if something bad were to happen.

If you think you can make money flight instructing in your own airplane, you are mistaken, unless you charge a FAIR price. Doing so for half the gas price and instructor charge? Great way to go broke fast. Why not just fly the damn thing where and when YOU want to fly?

THere's nothing wrong with giving flight instruction in your airplane, and charging a FAIR price for it. Get a quote on liability insurance (unless you can afford full coverage), assure the insurance carrier that there will be NO student solo in your airplane, and give flight instruction. You may be able to depreciate the value of the airplane, and at least the portion of flying you do in that airplane in flight instructing is deductable as a business expense.

Why try to do this on the cheap? Do it professionally, and you should have students. Figure out what YOUR expenses are going to be, figure in your insurance cost, your recurrency cost, etc, and then figure out what the airplane costs to fly per hour, based on your estimate of hours to fly in this venture. THat will tell you what you need to charge for the airplane.

As to what you charge for your own services as a CFI, I've been told by Rich Stowell that I'm nuts to flight instruct for $50 an hour....he says I should charge no less than $75. I never figured I'd get rich as a CFI.

MTV

Great info thanks for the response MTV. I just wanted to know for being able to legally teach my Son and some close friends. Like you said, I wouldn't solo them in the airplane, but then, who's airplane can they solo? It's a confusing thing but at any rate the instruction would be for my kids, family and a couple close friends.

Thanks again for the inputs, my research shall continue.

Oh, they could solo the airplane, but insurance will be higher. Just tell the insurance company what you want to do, and ask for the options....

In the case of your own kids, it might well be worth it, and you may be surprised that they quote a reasonable price. AVEMCO has a special rate just for this sort of thing, actually, where you only want to instruct one or two students.

MTV

mtv wrote:........
THere's nothing wrong with giving flight instruction in your airplane, and charging a FAIR price for it. Get a quote on liability insurance (unless you can afford full coverage), assure the insurance carrier that there will be NO student solo in your airplane, and give flight instruction.......

Flight instruction without soloing is like a massage without the happy ending. How is your student supposed to get past the dual instruction stage? If there's another airplane available for rent in which they CAN solo, why not just do all the instruction in that one & save yourself the trouble of extra insurance & wear-n-tear on your own airplane?

hotrod150 wrote:

mtv wrote:........
THere's nothing wrong with giving flight instruction in your airplane, and charging a FAIR price for it. Get a quote on liability insurance (unless you can afford full coverage), assure the insurance carrier that there will be NO student solo in your airplane, and give flight instruction.......

Flight instruction without soloing is like a massage without the happy ending. How is your student supposed to get past the dual instruction stage? If there's another airplane available for rent in which they CAN solo, why not just do all the instruction in that one & save yourself the trouble of extra insurance & wear-n-tear on your own airplane?

You can do all sorts of flight instruction without solo: Seaplane add on, Flight Review, Transition to tailwheel, Transition to new aircraft type, etc.

Granted, primary flight instruction requires solo flight. And, as I noted after he clarified a bit what he wanted to do that solo is possible...it may just cost more for insurance. Also, the aircraft type will influence insurance cost for solo.

MTV

Again, MTV I thank you for your inputs I wasn't aware that insurance companies would/could work with me for specific needs.

K