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 to address the high costs, paperwork, and underutilization that deter potential business aircraft owners.
- PIA provides a comprehensive, structured approach to aircraft co-ownership, acting as a "pre-nup" to mitigate common partnership pitfalls related to disagreements, co-mingling of funds, and tax issues.
- Their services include vetting and matching partners, advising on ownership structure, aircraft and crew selection, and providing expertise on legal and tax considerations, often in collaboration with major industry operators.
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