Page 40 - Twin and Turbine June 2017

All factors considered, co-owners should expect to have access to their aircraft for 90 to 95 percent of their desired trips. That means making other plans for a handful of trips per year. Molloy says the occasional inconvenience is easy to rationalize. “With half of the cost of the airplane in the bank, finding alternative lift for three or four flights a year is a small price to pay, and that service will be provided by the management company. Fifty percent of the cost with 90-plus-percent access is the single-best value proposition of all ownership options, including sole ownership, ownership with supplemental charter, fractional or DIY partnerships.”
Game Changer
Because the financial advantages of co-ownership are so significant, PIA notes that many of the operators they’re meeting are now seriously considering the purchase of new aircraft for the first time. Still others are looking at moving up to a larger class.
Molloy concedes that the program isn’t for everyone. “If you need an airplane at your beck and call 24/7/365, it’s obvious youshouldownityourself.Butifyoufitourusageprof•ile,100 to 200 hours per year, and the idea of 90-plus-percent access for 50 percent of the net cost of ownership is appealing to you, PIA Co-Ownership is certainly worth evaluating.”
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Frequently Asked Questions
In addition to scheduling and access, other common questions include:
Q: Can the PIA program work with more than two owners?
A: Short answer: No.
Longer answer: There are other models out there that bring together multiple owners. They are typically geared toward operators with limited financial resources and require much more compromise.
The PIA model – including exceptional access, exit path and ownership autonomy – is ideal for two well-qualified owners. We concentrate on new and late-model aircraft that offer warranty, guaranteed maintenance, bonus depreciation and the latest in avionics and safety. We subscribe to the theory that the best co-owner is one who is a.) financially capable, and b.) not your tennis partner or poker buddy.
Existing aircraft partners, or those not requiring the matching services of PIA, can acquire the documentation package, exponentially increasing their chances of a successful marriage.
Q: Is this for owner operators or for professionally flown aircraft?
A: Yes. PIA Co-Ownership works for either.
Q: Is this available for piston aircraft?
A: Yes.InadditiontoPIACo-Ownership,thecompany also offers a program called Coupled Approach, which is optimized for higher-end piston aircraft.
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38 • TWIN & TURBINE
June 2017