Flight department cost-management software provider MySky has signed a strategic agreement with S&P Global Platts, an energy and commodities data analyst, to give its clients access to Platts’s comprehensive database on global jet fuel price assessments. This will provide business aviation owners, operators, and consultants a precise benchmarking tool on fuel costs, MySky said.
According to the company, its spend management platform is backed by 15 million data points and will expand exponentially as a result of this relationship with Platts. Amid the current global uncertainty, MySky noted this will provide its users with increased visibility over how their money is being spent, while the inclusion of the Platts jet fuel price assessment data will help industry suppliers and allow them to more accurately benchmark fuel costs.
“At MySky, it is our mission to equip our clients with the tools to effectively and efficiently manage the costs of their assets,” said company co-founder and CEO Kirill Kim. “Our agreement with S&P Global Platts brings a new level of transparency to the private aviation industry, strengthening our database so that we can provide our customers with the information they need to achieve long-term financial success.”