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management company, opting to handle ongoing maintenance, scheduling and the carrying out of the agreement themselves. While the arrangement proves successful for some, it often time leads to the demise of the partnership for others.
Rogers has assisted in the acquisition of aircraft for both sole- owners and partners for over a decade and now offers management to partnership clients.
“Traditional partnerships often break down due to poor communication involving the scheduling and usage of a shared aircraft,” said Rogers. “We’ve found that the issue is easily resolved with the appropriate management arrangement. By putting management at the center of operations, communication doesn’t flow between partners, but directly through us.”
Hiring a management company helps ensure the agreement initially prepared between partners is car- ried out as intended and both parties are protected.
“It’s really a negligible cost when you consider the cost-savings of the co-ownership and the protection it provides,” said Rogers. “I would never advise entering a partnership without that safeguard.”
KEY TAKEAWAY: Find a manage- ment company that will add value to your ownership experience and has a history of managing partnerships.
Conclusion
When handled correctly, a partner- ship can cut costs in half, allowing major savings for both parties and the opportunity to step up in aircraft faster. But pilots today know it isn’t as simple as a handshake agreement. A smart partnership takes time and energy to set up, but it can be a savvy investment.
CIES Corporation
David Clark Company
Jordan Sok is founder of OneTeam Marketing Solutions, a full-service marketing agency and member of COPA. Jordan can be contacted at Jor- dan@OneTeamMarketing.com or through OneTeamMarketing.com.
April 2019 / TWIN & TURBINE • 27