They’re an Exclusive Group Dedicated to Ethics in Private Aviation
If you’re planning to spend millions of dollars on a private jet, the last thing you want is to get mixed up with a shady dealer or broker who baits-and-switches and seems to be working against you.
Just like in any industry, private aviation has these characters, too. And you’ll want to avoid them altogether. So how do you go about finding an ethical aircraft dealer or broker to buy a used private jet?
By working with an International Aircraft Dealers Association Accredited Dealer.
What is an accredited aircraft dealer?
IADA accredited aircraft dealers are industry experts who meet a lengthy list of criteria from IADA, plus are recommended by other certified dealers and industry professionals.
Accredited dealers agree to adhere to a 12-point code of ethics, promising to uphold transparency and ethics in all sales.
What’s in their code of ethics?
When applying for IADA accreditation, aircraft dealers must agree to the code of ethics. These directives apply to all areas of selling used private jets.
The ethical code includes promises to maintain a reputation for honesty and working to improve services and operations. Accredited dealers work exclusively for the buyer, and promise to never mislead the owner or buyer about the aircraft’s market value. They don’t accept commissions from more than one party, and they accurately show, demonstrate, and list specifications of each aircraft for sale.
Adhering to this ethical code is mandatory to maintain accreditation; any dealers found to have violated it lose their credentials.
What other qualifications must they have?
Dealers seeking IADA accreditation must have documented professional experience in the private aviation industry, and their current dealership must have been operating for at least five years. Sales experience requirements also are in place; this is based on a point system that considers the number and variety of aircraft a dealer has sold.
The accreditation application also requires candidates to submit references from other IADA accredited aircraft dealers. These references are a testament to their experience, knowledge, and expertise in the field.
And finally, accredited dealers must participate in ongoing education to prove they’re current on industry best practices and new developments in buying and selling business jets.
Are there many IADA accredited aircraft dealers?
There are only 1,500 aircraft dealers worldwide to begin with. Only five percent of them have earned IADA accreditation and have agreed to adhere to ethical practices in aircraft sales.
Despite there being so few accredited dealers, used jet buyers will find one near them. Not only can you work remotely with your nearest dealer, but they’re located near major cities and in a variety of countries. Some dealers have business offices all over the world.
You’ll find an IADA accredited dealer in or near these states and countries, and many more:
- Hong Kong
- Montreal, Canada
- Ontario, Canada
- Toluca, Mexico
- Blagnac, France
- Maryland, USA
- New York, USA
- California, USA
- Florida, USA
- Georgia, USA
- Ohio, USA
- Texas, USA
- Tennessee, USA
- North Carolina, USA
- South Carolina, USA
- Illinois, USA
- Missouri, USA
- Idaho, USA
- Kansas, USA
- Indiana, USA
- Arizona, USA
- Utah, USA
- Colorado, USA
- Wisconsin, USA
- Connecticut, USA
- Nebraska, USA
Where do accredited dealers list aircraft for sale?
IADA provides a major resource for their accredited dealers to list aircraft for sale to the public. Their website, called Aircraft Exchange, includes only vetted aircraft for sale, and never any chartered jets or jet cards, so buyers know exactly what they’re looking at.
The detailed jet listings include total hours, total cycles, maintenance tracking, serial number, APU, avionics, navigation, compliance, inspections, interior details, equipment and features, exterior features, and entertainment systems.
Only IADA accredited dealers can list jets on the search portal, which is how the organization ensures every listing is accurate and honest.
What else does IADA offer?
The International Aircraft Dealers Association also has created a list of vetted and reputable aviation service providers who are noted for their capabilities, experience, and client satisfaction.
These service providers offer insurance, education and training, escrow services, flight planning, maintenance programs, operations management, and more. Just like dealers, these service providers are located all over the world, in the same places as many of the accredited aircraft dealers, plus:
- Great Britain
- Minnesota, USA
- New Hampshire, USA
- Michigan, USA
- Oklahoma, USA
- Oregon, USA
- Washington, DC, USA
- Virginia, USA
- Washington, USA
- Kentucky, USA
- Massachusetts, USA
Such a range of geographic locations, including those that work remotely, mean nearly every private jet buyer around the world can access reputable services and dealers.
Access is one of the most important reasons IADA accreditation exists – so if you’re buying a used private jet, you know who to call.