Waterford, Mich. – Pentastar Aviation is pleased to announce it has added an innovative co-ownership solution to their comprehensive portfolio of aviation services. The company has teamed up with Partners in Aviation (PIA) to combine their comprehensive management program with a cost-effective solution to owning and operating a business aircraft.
The program, managed by Pentastar Aviation regionally, will utilize PIA to match two prospective owners with low to medium usage requirements, based in a common geographical area, for joint ownership, and cost sharing of a new or late-model aircraft. The program will allow customers to have accessibility to a whole aircraft while cutting the net cost of ownership in half, ease the burden of scheduling and maintenance, provide for autonomy in tax and title, and ensure a seamless exit plan.
“Partners in Aviation is a sensible option for aircraft owners who fly less than 200 hours per year. It justifies the business case purchase of an airplane, and allows for travel on their schedule at half the cost,” said Greg Schmidt, President & CEO of Pentastar Aviation. “This partnership also creates an opportunity for us to continue providing our customers with more solutions to their business travel needs.”
“Our new partnership with Pentastar Aviation is a tremendous step for our company as we continue to grow,” said Mark Molloy, Partners in Aviation Co-Founder and President. “Pentastar’s reputation for customer service excellence is second to none, and we’re excited to be able to work with them to help market this program. Together, we will be able to provide high-quality, innovative services and solutions for the needs of any business traveler.”
In honor of this new partnership, Pentastar, Partners in Aviation and Textron Aviation will be hosting an invite-only reception on November 2 at Pentastar Aviation. Representatives will be on hand to provide information on this co-ownership solution as well as a showcase of the latest Textron aircraft.
About Pentastar Aviation
Pentastar Aviation, wholly owned by Edsel B. Ford II, is a leader in the world of business aviation, providing aircraft management, advisory services, aircraft maintenance, avionics services, interior services and award-winning FBO services. Air charter transportation services are provided by Pentastar Aviation Charter, Inc., a U.S. FAR Part 135 on-demand air carrier, or by other U.S. FAR Part 135 certificated on-demand air carriers arranged by Pentastar Aviation, LLC. Their team is committed to delivering the highest standards of safety and service excellence to their customers.
Pentastar Aviation has been servicing regional and global travelers for more than 50 years and is headquartered at Oakland County International Airport (PTK). For more information, please visit www.pentastaraviation.com.
About Partners in Aviation
Partners in Aviation, LLC, (PIA) offers business aircraft operators flying fewer than 200 hours per year a sensible path to their ideal aircraft through PIA Co-Ownership. Nationwide in scope, the program matches two in-region operators to share ownership and operation of the aircraft they choose. Operators fly their aircraft, on their schedule – at half the cost of sole ownership.
PIA teams with our industry’s most-accomplished providers of aircraft maintenance and management services, as well as aviation tax and legal counsel, to provide a turnkey ownership experience. The program is offered for all segments of business aircraft, from single-engine turboprop to heavy jet. PIA works in conjunction with OEMs and other industry service providers to offer their customers a new path to the lowest net cost of ownership.
Please visit www.partnersinaviation.com for more information.