IADA

The International Aircraft Dealers Association (IADA) is celebrating its 30th anniversary in 2021. The organization that began as the National Aircraft Resale Association (NARA) to fight against untrustworthy aircraft dealers has undergone transformational changes and is still fighting for transparency and integrity in airplane deals.

In addition to OGARAJETS, other first year member companies who are now IADA Accredited Dealers are known today as Gantt Aviation, Duncan Aviation, JBA Aviation, Leading Edge, General Aviation Services, QS Partners, and Eagle Aviation. Additional early members were Jack Prewitt & Associates, Aerosmith Penny, Austin Jet, Jet Transactions, Jim Markel & Associates, Express One, and Sacramento Aviation.

Starting NARA was tough. It took a huge amount of time away from the group’s businesses to get organized, and it cost a lot of money. It was a challenging time. Fast forward to 2021. Different chairmen have served as leaders of the organization every year since that 1991 founding. They’ve had great ideas as the organization has matured. And the impact on the industry has been profound.

Today IADA has a thoroughly global outlook that reflects its worldwide influence on the private aircraft transaction industry. IADA has created the first accreditation program for aircraft dealers, administered by an impartial third party to rigorous professional standards of expertise and ethics.

As it celebrates its 30th anniversary, IADA is a powerhouse global cooperative network consisting of the world’s only accredited dealers and IADA-certified brokers, major OEMs and industry leading verified products and services members. While IADA’s entry bar is high, there are now nearly 50 IADA-accredited dealers, over a hundred IADA-certified brokers, more than 60 IADA-verified products and services members, and nearly all the major OEM business aircraft manufacturers.

Comprising only seven percent of the world’s business jet dealers, IADA dealers buy and sell more aircraft by dollar volume than the rest of the world’s dealers combined, averaging over 700 transactions and $6 billion in annual volume. Recently, IADA members actually registered over 1,200 global transactions, worth more than $10 billion, in the 12-month period from April 1, 2020 to March 31, 2021. Importantly, this occurred during uncertain economic times in the midst of the pandemic.

In the past year, the IADA Foundation received tax-exempt status, and it continues to support philanthropic programs that enhance the industry, including providing scholarships for college students studying for careers in business aviation.

Working for business aircraft owners globally, IADA provides a facility for professional standards, ethics and exchange of information among its members and to the public for the purpose of creating a more efficient market, facilitating transactions and providing transparency in transactions, thereby increasing business aircraft ownership and usage worldwide. For more info about IADA go to www.IADA.aero.


AVALON

AVOLON AND VERTICAL AEROSPACE ANNOUNCE WORLD’S LARGEST eVTOL AIRCRAFT ORDER

  • Order for up to 500 electric aircraft valued at US$2 billion
  • Avolon-e becomes a launch customer for Vertical’s VA-X4 eVTOL
  • The VA-X4 eVTOL will revolutionize air travel with zero emissions
  • Order underscores Avolon’s commitment to combat climate change and the electrification of air transport

Avolon, the international aircraft leasing company, and Vertical Aerospace (‘Vertical’), the most advanced electric vertical take-off and landing (‘eVTOL’) company in the world, announce a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft. This agreement, which is subject to certain closing conditions, will introduce the ultra-short-haul aircraft category to commercial aviation, a game changing development that will revolutionize air travel with zero emissions aircraft.

The agreement will combine Avolon’s scale and deep industry relationships with Vertical’s leading technological position in the eVTOL space and will see both companies collaborate throughout the development, road map to certification and subsequent commercial roll-out of the VA-X4. Avolon will join Microsoft, Rolls-Royce, Honeywell, and American Airlines as equity investors in Vertical, working also with Virgin Atlantic who will be a VA-X4 launch airline customer in Europe.

The order highlights Avolon’s commitment to sustainability and responsible investment and its position as an industry leader and innovator. The commitment to the VA-X4 places Avolon at the forefront of technological change in the industry and underlines Avolon’s belief in the electrification of air transport. Avolon’s existing young and fuel-efficient fleet will be complemented by an investment in a new category of ultra-short-haul aircraft that will produce zero emissions.

Avolon, through its newly incorporated affiliate Avolon-e will become the customer for the VA-X4 and subject to appropriate operating, delivery and business requirements being met, will order aircraft valued at US$1.25 billion with delivery commencing in late 2024, with an option to acquire additional aircraft up to a value of US$750 million. Avolon-e has been established by Avolon to focus on investment in the zero-emissions eVTOL sector.


CARLISLE INTERCONNECT TECHNOLOGIES

Carlisle Interconnect Technologies (CarlisleIT) will be introducing new products at the 64th Annual AEA International Convention Trade Show in Dallas from June 22-25, 2021. The announcements will take place on Tuesday, June 22, at 8:30 a.m. in the Trinity Ballroom.

CarlisleIT will be debuting its HDMI 2.0 Locking Cable Assemblies – the latest in high-performance HDMI cable assemblies for aircraft cabin management. Fully qualified to support 4K ultra-high-definition displays at 60 Hz, these cable assemblies are made to order in customer-specified lengths. The cables can also be configured with or without locking accessories to secure against vibration and ensure reliable performance in an aircraft cabin environment.

In addition, CarlisleIT will be showing a new High-Performance Ethernet Cable: the NF24Q100-01(HP). The latest in CarlisleIT’s robust family of data cable products, it’s tested at 1 GHz up to 100 feet to provide reliable performance at extreme data rates in a light-weight, compact, RoHS-compliant, 100-ohm quad construction.

“We’re very excited for these announcements, as both products are part of our efforts to engineer high-reliability and high-performance cables that can withstand even the most data-heavy aviation applications,” said Jeff Behlendorf, director of product management for CarlisleIT Integrated Products. “This show – our first trade show since before the pandemic – will be a great opportunity to reconnect with others in the industry and show them what we’ve been working on.”

CarlisleIT will also be present throughout the show at booth number 1117.


OTHER NEWS

The IADA Foundation, a tax-exempt 501 (c) (3) public charitable organization, has awarded $32,000 in individual scholarships to eight college students seeking further education leading to professions within business aviation.
The foundation of the International Aircraft Dealers Association (IADA) administers the organization’s Business Aviation Scholarship Program which aids students in completing academic goals in preparation for careers in business aviation. Six of the scholarship students attend Embry-Riddle Aeronautical, and two of the scholarship students attend Vaughn College of Aeronautics and Tech.
The most-recent recipients of individual $4,000 IADA business aviation scholarships are:
  • Talina Gulati (Senior – Embry-Riddle Aeronautical University) 
  • Wendylie Alix (Postgraduate- Embry-Riddle Aeronautical University) 
  • John Esquivel (Postgraduate- Embry-Riddle Aeronautical University)
  • Yvy Von Helde (Junior – Embry-Riddle Aeronautical University) 
  • Bowie Tam (Senior – Vaughn College of Aeronautics & Technology)
  • Gary Wegener, Jr. (Sophomore – Embry-Riddle Aeronautical University) 
  • Jesus Cendejas (Sophomore – Embry-Riddle Aeronautical University) 
  • Jenelle Samuel (Sophomore – Vaughn College of Aeronautics & Technology) 
Promoting the Future of Business Aviation
“IADA’s commitment to the future of our industry is demonstrated in our organization’s support for these deserving students,” said IADA Executive Director Wayne Starling. “They are the best and brightest of our future business aviation leaders, who will be joining the ranks of business aviation professionals. Thank you to IADA members and others who supported this rewarding and worthwhile program, and we extend our very best wishes to these students.”
IADA Foundation by-laws prescribe that the organization can provide business aviation scholarships, education, learning, and leadership opportunities. The scholarship program was established for university students seeking a career in Business Aviation, specifically, within corporate aircraft sales, marketing, finance, legal, and insurance.The organization also can work through other organizations, including the National Business Aviation Association (NBAA), University of Virginia Darden School of Business, and Georgia State University, in addition to funding speakers at IADA annual meetings.
The IADA Business Aviation Scholarship program winners are chosen from applicants that are full-time graduate and undergraduate students majoring in corporate aviation management, aerodynamics, aircraft systems, aviation safety, finance, business marketing, economics, and studies that relate to aviation business and management.
IADA is a professional trade association formed more than 25 years ago, promoting the growth and public understanding of the aircraft resale industry. IADA now offers the world’s only accreditation program for dealer organizations and the only certification program for individual brokers. The process delivers high standards of ethical business and transparency regarding aircraft transactions, leading to a more efficient and reliable marketplace. For more info about IADA go to www.IADA.aero.

July 1, 2019–The International Aircraft Dealers Association (IADA) is accepting applications until July 31, 2019 to become a Products and Services member of the organization. Products and Services members are companies whose primary focus is related to the support of aircraft transactions, whether their expertise is finance, legal, tax, escrow, or maintenance.

The membership application process for Products and Services membership begins with an applicant completing the standard application. As part of the application process, the candidate should ask three IADA members for their support as a sponsor.
“To be considered for a Products and Services membership in IADA, applicants should contact Devri Pitts, IADA’s Independent Association Director, at devri@iada.aeroprior to the July 31 deadline,” said IADA Executive Director Wayne Starling. “We plan to hold membership votes twice a year and the next one will be at our fall meeting.”
“As a global organization, IADA influences and shapes the aircraft transaction industry,” said IADA Products and Services Member Advisory Council Chairman Stephan Asper, Senior Vice President of Marketing for AIC Title Service. “It is the acknowledged leader in developing standards for efficient, effective and ethical business aircraft transactions, valued by highly skilled aircraft transaction professionals and viewed by them as crucial to their success.”
IADA Products and Services members include companies engaged in: Aircraft Management & Charter, Aircraft Manuals, Aircraft Valuations, Education & Training, Escrow Services, Financing & Leasing, Flight Planning, Fractional Aircraft Program, Fuel, Hourly Cost Maintenance, Industry Publications, Insurance, Maintenance & Overhaul Services, Maintenance Tracking, Operations & Management and Tax & Title.
Working for business aircraft owners globally, IADA provides a facility for professional standards, ethics and exchange of information among its members and to the public for the purpose of creating a more efficient market, facilitating transactions and providing transparency into the transaction process, thereby increasing business aircraft ownership and usage worldwide.
For more info about IADA go to IADA.aero.