Online valuation and data provider VesselsValue has launched a daily valuation platform for the aviation industry.
The platform contains around 37,000 aircraft comprising detailed fleet data and a search database of all prices, sale and purchase transactions and orderbook.
VesselsValue has over a decade of experience in the maritime industry, but unlike shipping, transactions are hardly ever reported in the aviation space, VesselsValue explained. The platform aims to bring transparency to this comparatively opaque market.
Richard Rivlin, founder and ceo of VesselsValue, said: “The platform will allow anyone with exposure to aircraft to better track and understand values, transactions and other market changes. This will in turn help them manage and reduce risk, make better informed decisions, support their negotiations, speed up their financial reporting, conduct detailed analysis, and most importantly, know the daily updated current or historical value of any aircraft, fleet or portfolio whenever they need”.