Wednesday, May 24th, 2023
International Aero Charters, sister company of International Aero Academy, upgrades its Air Carrier certificate with the FAA for unlimited aircraft and pilots. Charters offers full-service on-demand charters for the Southeast and Bahamas utilizing cabin class multiengine aircraft. For more information, visit www.iaerocharters.com
Tuesday, March 17th, 2020
LAKELAND, FL – Tecnam, one of Europe’s leading manufacturers of general aviation aircraft and International Aero Academy, Ltd. (“IAA”) today announced they have completed an aircraft purchase agreement for an initial six (6) P2008 aircraft with the first delivery scheduled in the 2nd quarter of 2018.
The IAA Tecnam P2008, will be equipped with state-of-the-art Garmin G3X touch screen displays. GTN-650 GPS/Com/Nav and a GTX45R that provides ADS-B in and out, traffic and weather. To enhance primary training, the Garmin displays can be quickly reconfigured to display the classic six-pack instrument view. Building on the base of European FTO’s utilizing the P2008, IAA will be the first FAA part 141 flight academy to acquire a fleet of P2008’s.
IAA is a Lakeland, FL-based FAA-certificated ab initio and accelerated flight academy with authority to issue foreign student visas for training. With its focus on training the next generation of domestic and foreign professional pilots, IAA has a modern 12,000 square foot maintenance facility with dedicated maintenance professionals, and over 12,000 square feet of office, onsite dormitory housing for students and training space.
“We are thrilled to have been selected by IAA for their next generation of training aircraft. The P2008 will deliver unprecedented economics to flight schools with its proven low-fuel consumption Rotax engine, next generation avionics suite, durable strategic combination of carbon fiber and metal, and U.S.-based AOG support,” said Shannon Yeager, Tecnam Director of Sales. “We look forward to supporting the IAA team and the entry into service of the P2008 with anticipated aircraft utilization exceeding 1,000 hours per year.”
“The analysis for our fleet renewal was no different from the analysis we have done as airline executives for Boeing and Airbus acquisitions – capital cost, maintenance cost projections, performance, fuel burn, manufacturer support, environmental compatibility, safety, reliability and customer acceptance. The Tecnam product line far exceeded the competition in this analysis and we are proud to be the U.S. 141 fleet launch customer for the P2008,” said Steven Markhoff, IAA President & CEO.“Our commitment to Tecnam is reflected in the arrangement that allows for additional models of Tecnam aircraft. IAA will soon become a Tecnam service center and a showcase for excellence.”
“We are proud of this new contract signed with IAA, because they will be the first FAA part 141 FTO to utilize the P2008 and we know that many other U.S. schools will follow. This fleet will be proof of a best practice model both from the student and school perspective: students will benefit from the new generation aircraft and avionics, and the school will benefit from the very low acquisition and operating costs”, said Paolo Pascale, Tecnam CEO.
“The Tecnam P2008 represents enhanced evolution in primary flight training for both students and flight academies: (i) next generation avionics, (ii) reduced maintenance costs (iii) state of the art materials integration (iv) remarkably low fuel consumption that effectively operates as a long-term hedge against potential increases in fuel cost,” said Gerald Gitner, IAA’s Non-Executive Chairman.
IAA based in Lakeland, FL is a FAA 141 certified flight academy with authority to grant foreign student visas. IAA is a leader in ab initio and accelerated flight training with a successful history of total immersion two-week private pilots’ courses, three-week instrument rating courses, three-week Certified Flight Instructor courses and a six-month private pilot through commercial multiengine rating course. IAA’s facilities include over 12,000 sq. ft. of dedicated hangar space with a dedicated team of maintenance professionals and on-site housing.
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Tuesday, March 17th, 2020
Company Completes Series A Financing to Fund Growth
LAKELAND, FL – September 6, 2017 – International Aero Academy, Ltd. today announced it has completed a Series A Preferred Stock financing with strategic industry investors.
IAA is a Lakeland, FL-based FAA-certificated ab initio and accelerated flight school with authority to issue foreign student visas for training. With a focus on training the next generation of domestic and foreign professional pilots, IAA has a growing fleet of Cessna and Piper single and multiengine aircraft, its own modern 12,000 square foot maintenance facility with dedicated maintenance professionals, and over 12,000 square feet of office, onsite dormitory housing for students and training space. IAA acquired the assets of Tailwheels, an FAA CFR 141 Certificated Flight School, in April 2017.
“During our due diligence to acquire an FAA-certificated flight school, Tailwheels became the obvious choice with an unparalleled record of success in accelerated and ab initio training, full service dedicated maintenance capabilities and an extremely supportive airport management team,” said Steven Markhoff, President and CEO of IAA. Tailwheels was the obvious candidate from which to launch our strategic plan.”
“Primary flight training remains one of the last segments of aviation that is not fully professionalized, and we are in the midst of the largest pilot shortage in modern history,” said Gerald Gitner, Non-Executive Chairman. “We see an opportunity to bring our years of aviation experience to operate at the highest level of safety, regulatory compliance and efficiency coupled with a customer service-focused environment.”
Mr. Markhoff previously served as General Counsel of several airlines, including ValuJet, Vice President of Acquisitions at Hawaiian Airlines, General Counsel and Chief Operating Officer of Kitty Hawk, Vice President of Travel Management of Caesars Entertainment and most recently led the FAA 121 certification of a regional airline.
Mr. Markhoff, with over 30 years of flying experience, holds Airline Transport Pilot and Certified Flight Instructor ratings and is type rated in the Boeing 737. Mr. Gitner brings 50 years of aviation executive experience having served as Chairman and CEO of TWA, Vice Chairman and CFO of Pan Am, President of Texas Air, Chairman of Kitty Hawk and a co-founder of People Express. Mr. Gitner has also served on numerous public and private company Boards.
IAA is a leader in ab initio and accelerated flight training with a successful history of total immersion private pilots’ courses, three-week instrument rating courses, two-week Certified Flight Instructor courses and a five-month private pilot through commercial multiengine rating course.
“Our strategic plan and vision is to simply be the best – the best training with industry leading pass rates and an unparalleled commitment to customer service and satisfaction,” Mr. Markhoff stated. “Our reputation for these attributes is attracting those new to aviation, as well as numerous students who have already started their training at other flight schools and wish to enhance their training experience.”
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