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.
Transactions of used private jets for sale are expected to rebound in 2021 after dipping due to COVID-19
Pre-owned private jet sales will dip to 1,617 units this year as the industry struggles with the challenges of the impact of COVID-19 on the selling process. Last year, there were 1,839 transactions of pre-owned aircraft, according to an annual market survey by Jetcraft.
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.
Alliance Aviation has joined with Encore Parts for the industry’s first-ever used aircraft trade-in program
Separately, the jet card broker launched a membership that pays interest on your deposit with flight credits
With a significant number of older private jets facing big upgrade costs to meet the compliance standards of ADS-B, or Automatic Dependence Surveillance-Broadcast, which go into effect in January, owners of those planes need to make decisions quickly.
For many, they will need to ground their jets as they look
to buy new ones or perhaps hurry into a deal that doesn’t make sense.