Private jet co-ownership matchmaker Partners In Aviation completed 15 new co-ownership agreements, matching 30 new aircraft co-owners over four months.
The new agreements cover aircraft ranging from light jets to super mid-size aircraft, including matches in the following models.
Co-owned jets included a Citation CJ1, Citation CJ2, Citation M2 Phenom 100, Phenom 300, Lear 45XR, Hawker 850XP, Challenger 604, Falcon 900LX, Gulfstream GIV-SP.
The new co-owners are nationwide, from California, Florida, Georgia, Arizona, Texas, Colorado, Oklahoma, Illinois, Wisconsin, New York, Massachusetts, Iowa, Montana, Tennessee, and Washington D.C.
“Our recent growth underscores how interest and adoption of PIA’s Managed co-ownership program is resonating with private aviation users. “said PIA founder and aviation veteran Mark Molloy.
He continued, “Because we now have a volume of co-owner candidates throughout the country, the program works, and works well, for the full spectrum of business aircraft.”
In June, Partners said the time to match co-owners had dropped from six months to two months.
Partners in Aviation offers an alternative to selling the aircraft if you aren’t flying enough in the owners’ case. For non-owners, it provides the benefits of ownership at half the cost.
You don’t have to fly out of the same airport. Owners are typically within a 20-to-25-minute flight of each other.
The flight calendar entails alternating weeks, typically Monday to Monday, although that can be negotiated. Holidays alternate by year. You can use the aircraft when it’s not your turn if your co-owner doesn’t need it. Just pay ferry fees, if there are any.