Industry data provider JetNet is celebrating its 30th anniversary at NBAA’s annual convention, and at its booth (#4449), the Utica, New York-based company will be demonstrating some new products and capabilities.
Through an agreement with aircraft pricing analyst Asset Insight, JetNet will feature the former’s eValues aircraft valuation system, which will provide market-to-market and projected residual value information that will appear within the JetNet Values feature for aircraft sales market intelligence. The optional component to the company’s Marketplace interface will give it the same methods, techniques, and processes an aircraft appraiser would use to electronically calculate current market values and estimated residual values, according to Asset Insight president and CEO Anthony Kioussas. He noted the system takes real-time aircraft transaction data as well as aircraft-specific maintenance status information into account in its valuation models, and when combined with JetNet’s reported sold prices and historical market data, will create a unique single-source platform that will enable users to update key aircraft data as required and receive updated figures.
“We’re excited to collaborate with the valuation professionals at Asset Insight to bring eValues to our subscribers,” said Paul Cardarelli, JetNet’s vice president of sales, adding that this marks a new era in the company’s service to the aircraft resale community. “We believe eValues will fill a crucial void for so many of our customers who struggle daily to assess value for the assets they work with.”
At the show, the company will demonstrate its expanded values database with access to serial-number-specific reported prices, along with the aircraft information known at the time of the transaction. “This addition brings much-needed clarity to the evaluation process,” said Michele Husnay, JetNet’s director of research, explaining how the system is updated by the company’s research staff. “They reach out on a daily basis to gather information from our growing network of owners and aviation professionals.” With data from 700 sources, the company recently passed the 4,800th displayable sold price benchmark, with over 2,000 sold prices collected over the past year alone.
Improved Reporting
JetNet has also improved its flight activity and route analysis reporting capabilities to allow its customers to compare and contrast utilization across airports, fleets, operators, and individual aircraft. “Our clients require powerful tools that reduce the time on task to sift through huge data sets to find and easily extract the key flight data and contact information to make that report actionable,” said Jason Lorraine, advanced technical support and sales with JetNet. Users can now explore date-specific data sets and can target travel patterns by arrivals or departures, with search patterns that allow them to flag multiple criteria.
Keeping pace with mandatory maintenance and airworthiness requirements, the company’s aircraft profiles now include contact information for the continued airworthiness management organizations (CAMO) that are responsible for each aircraft’s maintenance tasks, to ensure it complies with EASA requirements.
As it celebrates its third decade of operations, the company pauses to look back on its past. “My father founded this firm 30 years ago, and brought many firsts to the marketplace,” said executive vice president Tony Esposito. “We have continued that legacy by continually meeting our clients' needs, pushing the leading edge of intelligence-gathering and information delivery, and advocating for the business aviation industry.”
As is now customary, on Tuesday at the show in Orlando, JetNet will once again present its annual state-of-the-market briefing, offering details on current and evolving market conditions, up-to-date forecasts on new aircraft deliveries and fleet growth, and proprietary insight gleaned from the company’s iQ global business aviation surveys.
Industry data provider JetNet (Booth 4449) will celebrate its 30th anniversary here at NBAA’s annual convention, where the company will be demonstrating some new products and capabilities. Utica, New York-based Jetnet will now feature the Asset Insight’s eValues aircraft valuation system, which will provide mark-to-market and projected residual value information that will appear within the JetNet Values feature for aircraft sales market intelligence. This will give it the same methods, techniques, and processes an aircraft appraiser would use to electronically calculate current market values and estimated residual values, according to Asset Insight president and CEO Anthony Kioussas.
JetNet has also improved its flight-activity and route-analysis reporting capabilities to allow its customers to compare and contrast utilization across airports, fleets, operators and individual aircraft. “Our clients require powerful tools that reduce the time on task to sift through huge data sets to find and easily extract the key flight data and contact information to make that report actionable,” said Jason Lorraine, advanced technical support and sales with JetNet.
Keeping pace with mandatory maintenance and airworthiness requirements, the company’s aircraft profiles now include contact information for the continued airworthiness management organizations (CAMO) that are responsible for each aircraft’s maintenance tasks, to ensure it complies with EASA requirements.
On October 16 at the Orlando show, JetNet will once again present its annual state of the market briefing.