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 aircraft, targeting potential buyers deterred by high costs, extensive paperwork, or infrequent usage.
- PIA aims to prevent common partnership pitfalls by meticulously vetting and matching co-owners, effectively acting as a "pre-nup" for aircraft ownership.
- The company provides comprehensive services, including establishing ownership structures, aircraft selection, maintenance, flight crew providers, and expert legal and tax guidance.
- PIA collaborates with major industry operators, such as Jet Aviation and JSSI, to deliver a robust and appealing co-ownership program.
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