The management fee is the smallest number on your invoice

A low fee is easy to advertise. What matters is what happens on every other line. At MJM, every vendor invoice reaches you at actual cost, with the paperwork attached.

See a sample statement Six questions to ask

Where markups hide

Four places a low fee gets paid back

None of these show up as a management fee. Ask any manager about each one.

Fuel

What can happen: The manager buys at a contract price and bills you more per gallon.
At MJM: You pay the contract price, and the supplier invoice is attached.

Maintenance and parts

What can happen: A handling percentage is added to labor or parts.
At MJM: You pay the amount on the shop's invoice.

Rebilled items

What can happen: Hangar, catering, subscriptions and crew travel come back at more than they cost.
At MJM: Each one is billed at cost, with its receipt.

Rebates and commissions

What can happen: A vendor pays the manager for sending your business its way.
At MJM: We take nothing from vendors.

Sample statement

The paperwork behind every line

Choose a line to see the vendor document behind it. The figures are an example.

Owner statement

Sample
Illustrative figures

Owner: Sample Owner LLC
Aircraft: Midsize jet
Period: One month

Item	Vendor invoice	MJM markup	You pay
	14,860.40	0.00	14,860.40
	9,318.75	0.00	9,318.75
	4,200.00	0.00	4,200.00
	2,146.32	0.00	2,146.32
	731.00	0.00	731.00
	612.00	0.00	612.00
	389.50	0.00	389.50
Passed through at cost	32,257.97	$0.00	32,257.97

Vendor rebates or commissions kept by MJM: $0.00
Management fee: Fixed, per your agreement

Amounts in US dollars. The figures are an example only.

Check your own numbers

What a markup costs you in a year

Enter what you spent last year and the markup you think your manager adds. The starting figures are an example only.

The fee

One management fee, on its own line

Our management fee is set in your agreement and shows on every statement as its own line. It pays for our work managing your aircraft.

What the aircraft uses, from fuel and parts to hangar and catering, is billed to you at cost. We take no rebates or commissions from vendors. Any other work you ask us for, such as buying or selling an aircraft, is agreed with you in writing before we start.

Before you sign

Six questions to ask any aircraft manager

Ask every manager you talk to, and ask to see the paperwork. Our answers are under each question.

What is the actual contract price for fuel, and will you show me the supplier invoice?

MJM
Yes. The supplier invoice comes with your statement, and the price on it is the price you pay.
Do you add a markup or handling percentage to maintenance or parts?

MJM
No. Labor and parts reach you at the amount on the shop's invoice.
Will I get the original vendor invoices?

MJM
Yes. Every line on your statement has its original invoice attached.
Who reviews maintenance invoices line by line?

MJM
We do, before an invoice reaches you. If a line looks wrong, we take it up with the shop.
Do you receive commissions or rebates from vendors?

MJM
No. We take nothing from vendors, so nothing on your statement is there for our benefit.
If your fee is below market, how do you make money?

MJM
Every manager should be able to answer this one plainly. At MJM the management fee is written into your agreement and shows on every statement as its own line. Vendor bills reach you at cost.

Contact

Send us last month's statement

If you have a manager now, we will go through your statement with you and show you where the money goes.

Phone(209) 777-6911

Emailmickymittal@hotmail.com