- 06 May 2022
- Tony Kioussis
- Aviation Podcasts
In this podcast, Partners In Aviation (PIA) president, Mark Molloy, describes how his company’s Managed Co-Ownership Program matches two owners to one aircraft and pairs them with the appropriate Aircraft Manager.
Owners fly their aircraft, on their schedule. However, by cutting acquisition and fixed costs in half, the company contends that its Managed Co-Ownership program provides the lowest net cost of aircraft ownership while maintaining access comparable to sole ownership.
Topics covered include:
About Mark Molloy
Mark Molloy is President and Co-founder of Partners In Aviation (PIA). He has a Finance Degree and spent 35 years with a major aviation OEM representing new and pre-owned aircraft. At PIA, Mark’s focus is on matching compatible co-owners and helping them identify and operate the right aircraft for their mission. Mark is a type-rated, Airline Transport Pilot (ATP) with over 40 years in the aviation industry.
Partners In Aviation
Partners In Aviation matches two owners to one aircraft, and to the appropriate aircraft manager, allowing the co-owners to fly their aircraft, on their schedule, at half the cost of traditional private aviation options.
The company’s program, PIA Managed Co-Ownership℠, developed by the industry’s top legal, tax, management, and maintenance experts, fully defines ownership structure; how the aircraft is shared; how co-owners divest; and how each co-owner’s interests are protected.
Launched in 2016 and headquartered in Chicago, PIA has matched co-owners in every turbine business-aircraft category. Clients are operating coast-to-coast — in their own aircraft, with their own crew, and on their own schedules. Two Owners. One Aircraft. Half the Cost.