The International Aircraft Engine Association (IAEA) was formed as a global trade organization to represent the interests of aircraft engine manufacturers, operators, and service providers. The IAEA aims to standardize engine contracts and organize engine expositions. It will also serve as an online marketplace for engine sales and leases. The non-profit hopes to address common industry issues through working teams focused on areas like ownership, operations, and training. Founding individual members in 2012 will receive future exclusive benefits, while corporate sponsorship will support the IAEA's growth.