Jetex, Avem Aero Team on Integrated Fuel Price Tracking

 - September 20, 2022, 12:30 PM
Jetex and Avem Aero are launching a software integration for automated fuel price tracking which can use current fuel prices at the departure and destination airports to provide their customers with more accurate quotes. (Photo: Jetex)

Jetex and Estonia-based air charter and cargo operator Avem Aero are launching a software integration for automated fuel price tracking. This will help avoid miscalculations and cover risks caused by fluctuating fuel prices, the companies noted.

“Сonstant fluctuations in fuel prices are a huge pain for the ‘go-now’ carriers,” they said. “Earlier, the range of prices at different airports could vary within the limits of hundreds of Euros; now, the price can be 125 percent higher per ton. The level of risk grows proportionally if using bigger aircraft.”

Operators such as Avem Aero previously used the average fuel price to quote charter and cargo trips. But with the new software integration can use current fuel prices at the departure and destination airports to provide more accurate quotes.

“This integration correlates a lot with our all-in price policy. This means that nothing can affect the charter price if fundamental parameters do not change,” said Avem Aero managing director Nikolay Kurbanov. “Accordingly, it is important for us that the price is up-to-date to reduce financial risks. And this solution fits perfectly into our all-in price philosophy, when the client sees the full cost immediately, without hidden extra charges.”

Jetex also said the new feature will allow charter operators to choose technical-stop airports with the lowest fuel prices.