How Well Does ChatGPT Know Business Aviation?

There has been a lot of talk on the emergence and use of ChatGPT, a powerful Artificial Intelligence (AI) tool that engages in human-like written or spoken dialog.

I decided to put it to the test to see just how smart it is when discussing details of the very niche Business Aviation industry. This is what I learned...

Request: Write two paragraphs on the current pre-owned business jet market.

Answer: The pre-owned business jet market is currently experiencing a surge in demand as the global economy rebounds from the COVID-19 pandemic. According to industry experts, there is a shortage of available inventory as many buyers look to take advantage of lower prices and favorable market conditions. The market for pre-owned jets has also been driven by a shift towards private air travel as individuals and corporations seek to avoid the hassles of commercial airlines. As a result, many pre-owned jets have been selling at or near their asking prices, and some models have even seen their prices increase.

The current pre-owned business jet market is also being influenced by advances in technology and the emergence of new aircraft models. As newer and more efficient models enter the market, older jets are becoming less desirable and their values are depreciating. Additionally, the market is being impacted by the increasing availability of leasing options and shared ownership models, which are providing more affordable options for those looking to enter the market. Despite these challenges, the pre-owned business jet market is expected to continue to grow as demand for private air travel remains strong and new buyers enter the market.

Assessment: If I were grading this response, I’d give it a 75%. In the first paragraph I can’t connect the dots regarding buyers looking to pre-owned to take advantage of favorable market conditions. The second paragraph is a bit of a fluff piece, suggesting that used bizjets are less desirable and their values are depreciating because of new aircraft.

The bit about new leasing options and shared ownership making pre-owned more affordable also doesn’t strike as being realistic, as most transactions are paid in cash. Let’s try another request...

Request: Why should I buy a pre-owned business jet?

Answer: There are several reasons why buying a pre-owned business jet can be a smart investment. Firstly, pre-owned jets are often available at a lower price point than their brand new counterparts, making them a more affordable option for buyers. Additionally, pre-owned jets may have already undergone significant upgrades and maintenance, which can save buyers time and money in the long run.

Secondly, owning a pre-owned business jet can provide greater flexibility and convenience compared to commercial air travel. With a private jet, you have the ability to customize your travel itinerary and avoid the long wait times and security lines that are typical of commercial airports. This can save you valuable time and help you be more productive while on the go.

How accurate was this answer and what else did Brian ask ChatGPT? Continue reading in the AvBuyer May digital edition below…