Bedford, Mass.-based Jet Advisors is offering a new tool, dubbed the Private Jet Index, to support the aircraft-selection process by ranking and statistically scoring more than 30 parameters. Company president Kevin O’Leary said the patent-pending index also considers the needs and wants of each individual buyer and then weighs the aircraft scores accordingly.
“This removes all the marketing fluff and makes it easy for buyers to choose the exact business jet model that best fits their individual needs,” he told AIN. “It’s a statistical analysis that looks at all aircraft performance, specifications and other attributes, but it also takes into account an aircraft’s future resale value.”
O’Leary said the index can accurately predict future resale values for business jets because his company “has been studying market dynamics and aircraft performance and their effects on both the current and future values for the past decade.” He added, “There are many different forces acting on an aircraft’s value and market demand for that aircraft,” and the index quantifies these forces and calculates them into the aircraft scoring process.