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.

Private jets for sale – $48.8 billion in used private jet sales forecast

private jets for sale

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 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.

A new jet card allows you to trade in your old private jet for flight hours

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.

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