Finance, Taxes, Insurance
MySky Spend Management Platform Expands to Americas Market
MySky's founders say that artificial intelligence can deliver financial transparency to private aviation, which is wasting 20 percent of its cost base.
The MySky spend management platform uses artificial intelligence to accurately analyze and benchmark all the costs associated with operating private aircraft. [Image: MySky]
The MySky spend management platform uses artificial intelligence to accurately analyze and benchmark all the costs associated with operating private aircraft. [Image: MySky]

MySky, the spend-management platform developed specifically for private aviation, is entering the North and South American markets following a $5 million capital injection announced on Tuesday. The Switzerland-based company, which launched in 2016, has appointed Jean de Looz as its head of Americas and is looking to build on the more than 350 business aircraft currently using the system worldwide.

According to MySky, its system has the potential to significantly increase financial consistency and transparency over the key areas of cost, such as landing fees, fuel, and handling charges. The company says that its asset-management platform is built on comprehensive data collected from airports and vendors worldwide and based on the actual operational experience of the aircraft it already supports and listed prices.