Charter & Fractional
Lack of Tech Costing Charter Operators, Says MySky
The adoption of artificial intelligence can save time and money
MySky software
Photo: MySky

Aviation expense management platform MySky reports that charter operators could be losing up to $4,000 per tail per month by not adopting new technology. Analysis of operators managing around 15 aircraft shows that a reliance on disparate systems for back-office operations such as accounting, reporting, procurement, and business intelligence results in considerable overspend.

“On average it takes around 15 minutes for a single cost document to be processed by one person, and a typical charter aircraft will generate around 150 cost documents per month,” explained MySky CEO and co-founder Kirill Kim. “When such a large amount of paperwork is generated by flight operations, accounting bottlenecks can quickly form, which has a serious downstream effect on business.”