There has been a lot of news surrounding the latest changes among NARA due to their growing market and presence throughout the world. Check out the press release, below, outlining some of their recent changes.
Sept. 17, 2018 — International Aircraft Dealers Association (IADA) is the new rebranded name for the former National Aircraft Resale Association (NARA). The organization’s board of directors changed the name to reflect the international presence and global importance that members of the largest and most influential organization for aircraft dealers already display.
“When our board reviewed the activities of our members, it reinforced that the organization’s brokers operate effectively throughout the world successfully conducting aircraft sales transactions on many continents,” said IADA Chairman Brian Proctor. “Our new name – International Aircraft Dealers Association – certainly reflects this reality and speaks to the global significance that makes our group the world’s most trusted aircraft dealers.”
New Initiatives Coming
As the International Aircraft Dealers Association rolls out its new identity, the organization will introduce a number of initiatives in the coming months, including a new website, a highly sophisticated international search portal for aircraft offered by IADA dealers, and processes to standardize and streamline aircraft transactions, including third-party accreditation of aircraft dealers in the U.S. and abroad.
IADA members and clients will celebrate the new international focus of the organization at National Business Aviation Association’s Business Aviation Convention & Exhibit (NBAA-BACE) in Orlando, Oct. 16-18. The organization plans a large presence of aircraft at the static display on Orlando Executive Airport.
International Aircraft Dealers Association brokers historically account for approximately 60 percent of the global multibillion dollar used aircraft transactions market, while only comprising three percent of total brokers. IADA-certified brokers have provided valuable counsel to a large portion of the world’s aircraft sales transactions, some representing buyers and some representing sellers.
Buoyant Markets Around the World
“International Aircraft Dealers Association brokers are experiencing vibrant markets around the world for used business aircraft. With this increased volume of transactions, it is more important than ever to pick qualified and well-experienced brokers to assist buyers and sellers of aircraft,” said Proctor.
IADA members follow a strict International Aircraft Dealers Association Code of Ethics, and the Broker/Dealer members must pass a rigorous certification process to assure the highest standards when buying and selling previously owned aircraft. Ultimately, they are recognized as IADA Certified Aircraft Brokers and Dealers. International Aircraft Dealers Association Products and Services Members represent a variety of aviation services that operate with the highest professional standards in the industry.
International Aircraft Dealers Association is a professional trade association formed more than 25 years ago. It is comprised of selected aircraft sales and brokerage businesses that are IADA Certified, and aircraft product/services companies that adhere to the highest professional standards. Promoting the growth and public understanding of the aircraft resale industry, IADA members abide by an elite 14-point Code of Ethics that provides standards of business conduct regarding aircraft transactions.
International Aircraft Dealers Association Chairman Brian Proctor is President and CEO of Mente Group LLC.