{"id":26630,"date":"2023-09-12T02:21:38","date_gmt":"2023-09-12T02:21:38","guid":{"rendered":"https:\/\/saj.pachecostudios.com?p=26630"},"modified":"2023-09-12T02:24:35","modified_gmt":"2023-09-12T02:24:35","slug":"iada-commemorates-its-fifth-year-as-an-international-force-in-bizjet-resales","status":"publish","type":"post","link":"https:\/\/stateaviationjournal.com\/index.php\/international-news\/iada-commemorates-its-fifth-year-as-an-international-force-in-bizjet-resales\/%20","title":{"rendered":"IADA Commemorates Its Fifth Year as An International Force in BizJet Resales"},"content":{"rendered":"\n

In the five years since the International Aircraft Dealers Association<\/a> (IADA) rebranded itself as a global player in bizjet resales, it has delivered on ambitious plans first spelled out in September of 2018.<\/p>\n\n\n\n

\"\"
Brian Proctor<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Brian Proctor, chairman of what was then called the National\nAircraft Resale Association, planned for the newly renamed international\norganization to introduce a number of transformative initiatives. The future\nagenda included a new website, a highly sophisticated international search\nportal for aircraft offered by IADA dealers, processes to standardize and\nstreamline aircraft transactions – including third-party accreditation of\naircraft dealers in the U.S. and abroad – and a forceful presence at business aviation\nevents.<\/p>\n\n\n\n

\"\"
Zipporah Marmor<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

\u201cThe renamed association\u2019s new vision, laid out by the Board\nof Directors and Chair Brian Proctor, has become a reality and then some,\u201d said\ncurrent IADA Chair Zipporah Marmor. \u201cWe survived the crisis of a worldwide\npandemic and quickly accelerated to unparalleled economic heights on the\nstrengths of the association and the tremendous advantages and value of\nbusiness aircraft to a recovering economy,\u201d she added.<\/p>\n\n\n\n

Marmor is VP of Transaction for ACASS in Montreal. Proctor\nis President and CEO of Mente Group in Frisco, Texas. <\/p>\n\n\n\n

International Expansion<\/strong><\/p>\n\n\n\n

\u201cAmong the positives over the past years is the expanding\nstrength of our international footprint,\u201d said IADA International Committee\nChair Stan Kuliavas, Vice President, Sales and Business Development for Levaero\nAviation in Ontario. \u201cWhile most of our IADA-accredited dealers were already\ndoing business around the globe, over the past five years we have added\ninternational dealers located in Africa, Germany, Switzerland, the United\nKingdom, and the United Arab Emirates,\u201d he added.<\/p>\n\n\n\n

IADA is also reviewing a number of other global dealers for\nnew memberships. In addition, IADA expanded its affiliations with business\naviation associations to include Asia, Canada, and Europe. Today, \u00ef\u00bb\u00bf99 percent\nof IADA dealers do business in North America, 74 percent of dealers operate in\nEurope, 58 percent are active in Latin America and the Caribbean, 47 percent do\nbusiness in Asia and the Pacific region, 43 percent work in the Middle East and\n41 percent in Africa.<\/p>\n\n\n\n

IADA\u2019s membership is also now comprised of the world\u2019s major\nbusiness aircraft manufacturers, to include Airbus Corporate Jets, Boeing\nBusiness Jets, Bombardier, Dassault Falcon Jet Corp., Embraer Executive Jets,\nGulfstream Aerospace Corporation, Honda Aircraft Company, and Textron Aviation.<\/p>\n\n\n\n

IADA Market Report<\/strong><\/p>\n\n\n\n

The quarterly IADA Market Report that the association\nsubsequently developed is an informative and reliable view of the state of the\naviation industry. It covers IADA-accredited dealers\u2019 perceptions about the\nmarket taken from its survey of IADA members and actual sales data reported\nmonthly by IADA dealers. It has become a prescient gauge of the market due to\nIADA\u2019s commanding market share. IADA’s dealers consist of the top 17 percent of\nthe world’s experts who handle 50 percent of used business aircraft sales.\nIADA-accredited dealers buy and sell more aircraft by dollar volume than the\nrest of the world\u2019s dealers combined, averaging over 1,300 transactions and\n$11.8 billion in volume annually for the past two years.<\/p>\n\n\n\n

AircraftExchange.com<\/strong><\/p>\n\n\n\n

IADA\u2019s newly developed website soon rolled out a\ngroundbreaking aircraft search portal to make it much easier and quicker for\nbuyers and sellers to make airplane deals. The portal takes advantage of the\nstrength of the organization, the high quality of its brokers and the\nworld-class aircraft they handle.<\/p>\n\n\n\n

“AircraftExchange has proven itself to be an invaluable\nexclusive business aircraft search tool featuring the best aircraft from the\nworld’s most trusted dealers,” said Shawn Dinning, the chair of the\nAircraftExchange Board of Directors. Dinning, who is Senior Partner at Dallas\nJet International, added, \u201cIADA vets each listing to ensure it is offered\nsolely and exclusively by an IADA member.\u201d<\/p>\n\n\n\n

Unlike unmonitored aircraft listing sites, AircraftExchange\nonly accepts aircraft listed for sale by dealers affiliated with IADA. Users\nwill not find charter service listings or bait-and-switch selling tactics. IADA\nverifies the legitimacy of every exclusive listing through examination of\nserial numbers and identifying marks, and only IADA-accredited dealers can\nfacilitate sales.<\/p>\n\n\n\n

Dealer Accreditations, Broker Certifications<\/strong><\/p>\n\n\n\n

\u201cShortly after rebranding as IADA, the organization launched\na comprehensive program to accredit its dealer members and certify their\nbrokers,\u201d said IADA Executive Director Wayne Starling. Implementing stringent\nrequirements overseen by a more independent third party was an initiative begun\nin February 2019. \u201cIt was a significant step in the organization\u2019s signature\ncampaign to achieve ethical, transparent transactions for the benefit of\naircraft buyers and sellers worldwide,\u201d Starling added.<\/p>\n\n\n\n

Accreditation among the world’s leading aircraft dealers\nestablished consistent standards of behavior. Now buyers and sellers of\naircraft are more confident in selecting the professionals and experts who\nprovide counsel during negotiations and advise them in all aspects of aircraft\ntransactions. Once IADA dealers achieve accreditation, they must maintain that\nhigh level of professionalism in order to retain their status.<\/p>\n\n\n\n

In addition, the organization requires individual brokers\nwho work for aircraft dealers to be IADA-certified themselves, through a\nrigorous testing process. The dual professional recognition programs \u2013\naccreditation for dealers and certification for their brokers \u2013 form the\nbackbone of IADA\u2019s professionalism and rigid standards of ethical behavior.\nWhen business aircraft operators look to buy or sell an airplane, the IADA\nimprimatur signals professionalism and expertise.<\/p>\n\n\n\n

IADA also operates IADA U, an online continuing education\ntool to keep certified brokers at the top of their game. Its curriculum\nincludes coursework developed and taught by expert IADA products and services\nmembers who know their subjects inside and out.<\/p>\n\n\n\n

IADA Foundation<\/strong><\/p>\n\n\n\n

\u201cThe IADA Foundation offers business aviation scholarships\nand other education, learning, and leadership opportunities,\u201d said foundation\nboard chair Johnny Foster, President and CEO of OGARAJETS. \u201cWe can also work\nthrough other organizations, including the National Business Aviation\nAssociation (NBAA), the University of Virginia Darden School of Business, and\nGeorgia State University. In addition, IADA will be permitted to make\ncontributions for aviation related disaster relief and aviation related philanthropic\ncauses through the NBAA Humanitarian Emergency Response Operator Database,\nAngel Flight, and Corporate Angel Network,\u201d he added. The IADA Foundation is a\ntax-exempt 501(c)(3) public charitable organization.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the five years since the International Aircraft Dealers Association (IADA) rebranded itself as a global player in bizjet resales, it has delivered on ambitious plans first spelled out in September of 2018. Brian Proctor, chairman of what was then called the National Aircraft Resale Association, planned for the newly renamed international organization to introduce […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[],"class_list":["post-26630","post","type-post","status-publish","format-standard","hentry","category-international-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/26630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=26630"}],"version-history":[{"count":6,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/26630\/revisions"}],"predecessor-version":[{"id":26638,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/26630\/revisions\/26638"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=26630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=26630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=26630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}