VesselsValue is spreading its wings to venture into the murky world of commercial passenger aircraft.

The move is its biggest new venture since shipbroker Richard Rivlin formed the company in London a decade ago to revolutionise ship valuations with algorithms.

He told TradeWinds: "Similar to what we did in shipping over 10 years ago, we are the first to bring daily updated, truly automated valuation model (AVM) driven values to the aviation market."