Partners In Aviation highlights private jet co-ownership buyer data

As it celebrates its 10th anniversary, private jet co-ownership matchmaker Partners In Aviation is highlighting key buyer data.

President Mark Molloy says, “Since its founding in 2016, PIA’s Managed Co-Ownership program has grown beyond its early focus on light jets and now supports aircraft owners across nearly every turbine aircraft category nationwide.”

The program pairs two qualified participants to share the acquisition and operating costs of a single aircraft, providing the benefits of whole ownership at roughly half the cost.

Molloy says co-ownership bridges the gap between jet cards and fractional ownership on one side and full private aircraft ownership on the other.

He says, “The fractional and jet-card models are well designed for those flying up to 50 hours per year.”

Molloy continues, “Beyond that, the economics become difficult to justify.”

He says, “Sole ownership typically doesn’t make sense until operators are flying at least 150 to 200 hours annually.”

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Co-Ownership Buyers

Partners In Aviation also highlighted some data about buyers from its first decade.

The most popular turboprops are the Pilatus PC-12 and TBM 850.

For light jets, the Citation CJ2, CJ3, and Phenom 300 are the top choices.

Hawker 850XPs, Lear 60XRs, and Citation XLS are the most selected in the midsize category.

In the large cabin market, the Gulfstream GIVSP, G450, and G550 were the most frequent co-ownership aircraft.

Looking at super-midsize, there was no clear winner.

What aircraft types currently have the most co-ownership availability?

Molloy says the Phenom 300/300E and Challenger 300 and 350 series.

He says the super-midsize category has been the most popular for co-ownership over the past several years.

Only about 10% of co-owners fly out of the same airport; however, they are typically based within a 30-minute flight of each other.

Which areas of the country have seen the most co-ownership?

Central and South Florida, the New York Metro area, New England, Southern California, and the San Francisco/San Jose area draw the most co-owners.

So far, the least active areas for co-ownership have been the Mountain West and the North Central U.S.

The company did not provide any data on transaction volume.