32°54′N · 097°02′W · Dallas–Fort Worth

Aircraft management

Your aircraft, run like your own flight department

We set your aircraft up, crew it, keep it airworthy and account for every dollar it costs. You keep control of the aircraft. We do the work and answer for it.

  1. 1How we start
  2. 2Set up
  3. 3Fly
  4. 4Keep airworthy
  5. 5Know the numbers
  6. 6Dry leases
  7. 7Questions

How we start

From first call to first statement

Moving your aircraft to MJM is planned like any other project, with nothing left to chance on the first trip.

  1. First call

    Your aircraft and how you use it

    Where it is based, how often it flies and what you pay now.

  2. Review

    Aircraft, records and costs

    We go through the aircraft, its logbooks and your current statements.

  3. Plan

    Agreement and budget

    A management agreement and an annual budget, both in writing.

  4. Move over

    Crew, vendors and programs

    Crew, maintenance tracking, insurance, fuel and vendor accounts moved across.

  5. First statement

    Every invoice attached

    One month in, your first statement, with the original of every invoice.

02

Set up

Ready to fly under Part 91

A new aircraft comes with a long list of paperwork. We work through it in the right order, so the aircraft is legal and ready on its first trip.

What we handle

  • Registration and ownership structure, with your attorney
  • Insurance, with your broker
  • FCC station licence
  • Letters of authorization for the way you fly
  • Engine and maintenance program transfers
  • Fuel contracts and vendor accounts that bill at cost
What you get

An aircraft that is legal, insured and ready, with every account set up for pass-through billing.

03

Fly

Crew and trip support

We crew the aircraft with qualified pilots and support every trip, at home and abroad.

What we handle

  • Crewing, full-time or contract
  • Crew training and recurrent scheduling
  • Trip planning, fuel, handling and ground transport
  • International trip support, permits and handling
  • The letters of authorization your routes need, from oceanic navigation to data link
  • One point of contact for every trip
What you get

A trip that is planned before you arrive, flown by a crew you can trust with your aircraft.

Crew standards
04

Keep airworthy

Maintenance management and compliance

Maintenance is where most of the money goes, and where markups are easiest to hide. We plan it, manage it and check every invoice.

What we handle

  • Inspection and component tracking
  • Shop visits scheduled around your trips
  • Quotes and work scopes agreed before work starts
  • Line-by-line review of every maintenance invoice
  • Records kept complete and current
  • Airworthiness directives and equipment mandates
What you get

An airworthy aircraft, and records that support its value when you sell.

05

Know the numbers

Budget and monthly statement

You should know what your aircraft costs, line by line. You get an annual budget built from actual costs, and one statement each month with the original invoices behind it.

What we handle

  • Monthly statement with every vendor invoice attached
  • Annual operating budget built from actual costs
  • Budget against actual, category by category
  • A note on anything unusual before you have to ask
  • Records your CPA can work from
  • One management fee, on its own line
Annual budgetSample
Budget $650kActual $644kUnder budget $6k
BudgetActual
Fuel
$286kof $300k
Maintenance
$214kof $200k
Hangar
$50kof $50k
Insurance
$45kof $45k
Crew travel
$27kof $30k
Other
$22kof $25k

Illustrative figures in US dollars, drawn to one scale. Maintenance ran over because a gear overhaul came due early, and the owner heard about it before the invoice.

See a sample statement

Dry leases and ownership structure

Share or lease your aircraft the right way

Owners often want a second company, a partner or a family member to use the aircraft. A dry lease can make that work. It has to be set up properly, and the paperwork has to be filed on time.

In a dry lease, the aircraft is leased without crew. The company leasing it has operational control of its flights and arranges its own pilots. Part 91 also allows time-sharing and interchange agreements, each with its own rules on what can be charged.

What we handle

  • Dry leases between your companies, or with another operator
  • Time-sharing and interchange agreements under Part 91
  • Truth-in-leasing filings where the rules require them: a copy to the FAA within 24 hours of signing, and notice to the local FAA office at least 48 hours before the first flight
  • Operational control that is clear on every flight
  • Insurance that matches the lease
  • Costs split and billed correctly between the parties
How we work with your advisers

Your attorney and tax adviser draft the agreements. We make sure the way the aircraft is flown and billed matches them.

Aircraft

From King Air to Global

  • King Air
  • Citation
  • Falcon
  • Gulfstream
  • Global

We manage everything from King Air and Citation up to Falcon, Gulfstream and Global. Your aircraft can be based at any airport in the US and flown worldwide.

Questions

What owners ask us first

If your question is not here, call Micky.

  1. Can I keep my current pilots?

    MJM

    Yes, if they meet the standard for your aircraft and your insurer. We can also crew the aircraft for you, full-time or contract.

  2. Where does my aircraft need to be based?

    MJM

    Anywhere in the US. We are based in Dallas–Fort Worth, with a presence in Florida and Los Angeles.

  3. Do you handle international trips?

    MJM

    Yes. We arrange permits, handling and customs, and make sure the aircraft and crew have the authorizations your routes need.

  4. Can you help set up a dry lease?

    MJM

    Yes. Your attorney drafts the lease, and we set up the operation, filings, insurance and billing to match it.

  5. Which aircraft do you manage?

    MJM

    Everything from King Air and Citation up to Falcon, Gulfstream and Global.

  6. How do we get started?

    MJM

    Call Micky. We will talk through your aircraft and how you use it, then look at the records and what you pay now.

Contact

Talk to Micky

Tell us about your aircraft, where it is based and how you use it. A phone call is the best first step.

Phone(209) 777-6911
Emailmickymittal@hotmail.com