Not fractional ownership, Partners in Aviation looks to grow private jet co-ownership

Partners in Aviation

Using a contractual model similar to fractional ownership, Partners in Aviation wants to be the Match.com of private jets

Seeking to bridge the gap between full ownership and fractional shares and jet cards, Partner’s in Aviation moves into its fourth year in the market seeking to be the Match.com of private jet owners. Most of all, its principal Mark Molloy, a former Beechcraft executive, says the PIA formula is structured to avoid the pitfalls of those multi-owner partnerships that often don’t end well.

Preowned private jet sales spiked, as prices stabilized in Q4 2020

Pre-owned private jet cost

Only 6.5% of 554 Q4 transactions had a price reduction compared to 26% of 174 Q2 deals

Following a plunge in preowned aircraft sales last March, members of the International Aircraft Dealers Association (IADA) saw a rising wave of used private jet transactions, highlighted by a fourth-quarter surge of 554 closed deals. 

Dealers of used private jets are getting busier, according to new data

Pre-owned private jet cost

A report from the International Aircraft Dealers Association shows pre-owned private jet sales are enjoying a strong rebound

During a VBACE press conference last week, the International Aircraft Dealers Association (IADA) revealed a couple of bright spots coming out of the COVID-19 pandemic.

Wheels Up adds whole aircraft sales unit

Wheels Up appoints Bergeson COO

Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping

Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand

With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.

This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.

%d bloggers like this: