Partners In Aviation (PIA), which has developed an aircraft brokerage concept that brings together suited buyers into a managed shared ownership structure, has become an accredited product and services member of the International Aircraft Dealers Association. To be named such a member, PIA said, IADA rigorously vets the application and then requires sponsorship by at least three current members and a positive vote from the existing members.
The company is immediately becoming involved in IADA, spearheading the development of educational content on its structured co-ownership model niche. PIA vets and matches aircraft customers, who can then split costs of ownership.
“We are very pleased that Partners in Aviation has become one of our newest products and services members,” said IADA executive director Wayne Starling. “PIA's thoughtful business model permits more individuals and companies to realize the benefits of private flying.”
PIA praised IADA’s efforts to create and promote professional standards, fostering an open exchange of information, and striving for transparent and ethical standards. It noted that only 7 percent of aircraft dealers are IADA members but they combine for $6 billion in volume, more than the rest of the world’s dealers collectively.