Other News

IADA, Jetquity form partnership guaranteeing BizJet resale values

Phil Winters, IADA Chairman and Asad Rahman, Jetquity CEO & Managing Partner

The International Aircraft Dealers Association (IADA) has partnered with Jetquity, Inc., to offer its Residual Value Guarantee Program exclusively to business jet resale clients of the dealer association.

The joint announcement was made today at an IADA press conference held at EBACE2024 in Geneva.

The innovative Jetquity program safeguards business aircraft buyers against future market volatility by agreeing to purchase the aircraft at preset prices, established using proprietary algorithms and AI.

Jetquity is an IADA-Verified Products and Services Member, with offices in New York, London and Dubai.

Asad Rahman, Jetquity CEO & Managing Partner said: “We are very pleased with this agreement to expand our Residual Value Guarantee Programs to the powerhouse IADA international resale network.

“We have found that IADA-Accredited Dealers are the world’s best experts in helping their aviation clients.

“Our innovative guarantees give IADA dealers valuable tools to help their clients avoid possible future financial downturns in the preowned aircraft marketplace.

“Only IADA Dealers will be permitted to sell Jetquity’s Residual Value Guarantee Program to their preowned clients.”

Jetquity, which currently has 80 deals with aircraft buyers, is financially backed by a collection of Middle Eastern family offices, sovereign wealth funds and US financial institutions.

Jetquity, has already structured numerous purchasing guarantees for clients of IADA-Accredited Dealers, including Jetcraft and JetHQ, and a number of IADA OEM Members.

Phil Winters, IADA Chairman who is also Vice President Aircraft Sales & Charter Management for Greenwich AeroGroup & Western Aircraft Inc said: “Going forward, Jetquity’s Residual Value Guarantee Program will be available to aircraft buyers using the services of IADA-Accredited Dealers and Certified Brokers.

“An IADA dealer who sells a Jetquity Residual Value Guarantee will represent Jetquity in reselling that aircraft.”

Under the Jetquity program, the aircraft owner clients of IADA Dealer Members will pay preferential fees consisting of a small percentage of the aircraft’s value.

Jetquity guarantees to buy back the aircraft at set prices after three or five years.