Partners in Aviation has completed 15 new co-ownership agreements by matching 30 new aircraft co-owners in 120 days.

The new agreements place these co-owners in aircraft ranging from light jets to super midsize aircraft, including Citation CJ1, Citation CJ2, Citation M2, Phenom 100, Phenom 300, Learjet 45XR, Hawker 850XP, Challenger 604, Falcon 900LX and Gulfstream GIV-SP.

The aircraft will operate for the co-owners in locations such as California, Florida, New York, Montana, Tennessee and Washington D.C.

“The ongoing interest in private aviation, in general, is yielding ground-breaking results for the industry,” PIA founder Mark Molloy says. “Our recent growth underscores how interest and adoption of PIA's managed co-ownership programme is resonating with private aviation users. Many of our customers were previously travelling via charter or jet card and were looking for a better value proposition.”

PIA matched co-owners to three Phenom 300 light jets within the 120 day cycle and has just completed another Phenom 300 match that is scheduled to close in November.

“I am a believer in the programme and was looking forward to assisting in the growth of PIA when I joined in June of this year,” says VP of operations Perry Bridges. “But this 120 day period has been a dramatic experience for me. Our unique concept of two owners, one aircraft at half the cost just makes sense to our customers.”