Sat, Jun 02, 2018
Teams With Partners In Aviation For Shared Aircraft Ownership
Mooney International has teamed up with Partners in Aviation (PIA) to offer a shared ownership program for new Mooney Ultras. “MooneyShares” co-ownership brings together two operators (of similar geography) to own and operate a high-performance Mooney, cutting acquisition and fixed costs in half. Operators with low-to-medium (200 hours per year or less) utilization requirements benefit most from the model.
“Shared ownership is nothing new in aviation, but this is a totally novel approach,” said Jeff Magnus, Sales Manager at Mooney. “PIA has meticulously crafted this model to where it mitigates the risk, access and exit details that previously plagued other shared-ownership models.”
Considering themselves ‘Match.Com’ for business aviation, PIA begins their services by building a profile of the customer that defines their mission, location, budget and desired aircraft. They then run a campaign, engaging a network of industry experts to help find a co-owner B.
Examples of the listed benefits of MooneyShares include:
- Provides co-owner autonomy in tax and title
- Solves conflicts caused by the ongoing communication and coordination required by partners (scheduling, maintenance, etc.)
- Identifies qualified, compatible, co-owners for specific aircraft in a specific geography
- Provides an exit plan that makes entry comfortable
- Access to a team of the industry’s top service providers in aircraft sales, maintenance and management, as well as aviation tax and legal counsel
“Sharing an airplane has always made economic sense, but until now other risks interfered,” said Magnus. “We are definitely excited to offer customers this cost-effective option.”
(Image provided with Mooney Aircraft news release)
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