Asian Sky Quarterly 2021 Q4 - 25th Issue

IADA
Ethical Codes
Both AsBAA’s and IADA’s members observe a strict set of ethical
codes and standards. The Ethical Code covers every aspect of dayto-day
business, and includes honesty, integrity, and transparency, as
well as the strict adherence to local laws and regulations. Members
of both associations must be accountable for their actions and must
promptly report any illegal activity or violations of the code.
To become an IADA certified broker, a company needs to have been
in business selling aircraft for more than five (5) years. It also needs
to have a physical address and meet a certain volume of sales
transactions. Each new prospective member needs to be sponsored
by three existing IADA members, with the final application being
reviewed by an independent law firm.
Whilst IADA’s Ethical Code is longer, it deals more specifically with
the steps taken during an aircraft transaction. It is designed to ensure
that any persons or companies doing business with an IADA certified
dealer can be assured of being treated fairly, as well as receiving the
best service and impartial advice available.
Clearly, AsBAA and IADA have compatible goals and represent
member groups that have a desire to work together for the benefit
of the aviation industry at large. As an involved member of both
organizations, Asian Sky Group deserves kudos for bringing the two
together and looks forward to playing a key role in future progress.
www.iada.aero
62 | ASIAN SKY QUARTERLY — FOURTH QUARTER 2021