To ensure transparency and allow brokers to make more informed decisions when requesting aircraft, the Price shown in Avinode is based on historical quote data from each operator. Calculating the differences between the operator's profile price & quoted price over a period, we can estimate what the quoted price is likely to be for a trip.
We show the estimated median quote price for each aircraft in the search result. Hovering over the Price shows a tooltip to see the full estimated quote range - lower, median, and higher. You will also see information on what period this data includes.
Details on how our Price is calculated:
We look at all the quotes an aircraft received in the last 30 days and rank them according to the percentage difference between the profile and quoted prices. We take the median of the price differences as the median estimate coefficient. The lower estimate coefficient is the 10th percentile of their price differences, and the higher estimate coefficient is the 90th percentile. Then, we apply the coefficients to the Price in search to calculate the Price range.
We need at least 30 accepted quotes in the last 30 days to calculate the Estimated Quote range.
If there are less than 30 quotes for that tail in the last 30 days, the algorithm will fall back to use all quotes for tails of the same aircraft type for that company.
If there are less than 30 quotes in the last 30 days for that aircraft type, the algorithm will have a fallback to use all quotes for all tails of the same aircraft category for that company.
If there are still less than 30 quotes in the last 30 days for that aircraft category, the algorithm will have a fallback to use all quotes for all tails for that company altogether.
If there are still not enough quotes, we increase the time period to use all quotes for that tail for the company over the last 180 days. If there are still not 30 quotes in 180 days, we use the same fallback mechanism as previously described.
If we still don't have enough quotes to calculate the Estimated Quote price range, we default to estimate the Price based on your price settings (Schedule, Pricing Profile, etc.) and use that for all the ranges.
The above calculations for the price coefficients and the fallback are done daily. An estimated quote will be visible for each tail in search, except for newly added companies before the calculation has been run.