There apparently are many people who want to own and operate a business airplane, but who pass on the opportunity because of the cost, the paperwork, or simply because they know they’ll never use the airplane enough to justify all the work or the money they’ll spend. Partners in Aviation (PIA) and the PIA Co-Ownership service, co-founded by aviation industry veterans Tom Bertels and Mark Molloy, think they have just the solution for this untapped market of buyers: a partnership. The two men are not strangers to business aviation, nor to partnerships that often sound good but head south when the disagreements begin.
PIA Co-Ownership Links Operators Who Fly Less than 200 Hours Annually
Key Takeaways:
- Partners in Aviation (PIA) offers a co-ownership service for business airplanes, aiming to solve the high costs, extensive paperwork, and underutilization that deter potential buyers.
- Co-founders Tom Bertels and Mark Molloy developed a structured program to facilitate robust, legally sound partnerships, addressing common issues like co-mingling funds and tax implications.
- PIA provides comprehensive services, including vetting and matching partners, advising on ownership structure, aircraft selection, maintenance, crew provision, and navigating complex legal and tax issues, often in collaboration with established industry operators.
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