Can you compare the values of a plane and a ship? Well, you clearly can and VesselsValue (VV), an online valuation and market intelligence provider for the aviation and maritime industries, has launched its service to value aircraft like ships.
“Similar to what we did in shipping ten years ago, we are the first to bring a daily updated, truly automated valuation model (AVM) to the aviation market,” Richard Rivlin, founder and CEO, VesselsValue said.
Numerous parallels exist between planes and ships, according to VesselsValue. "Vessels and aircraft are both high value, depreciating, globally movable and volatile assets. Most vessels and aircraft have values between $10-200 million, a lifespan of circa 25 years, and experience cyclical markets."
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