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What are the PAAO Best Practices and Why are They Important?

The aircraft appraisal industry is largely unregulated, which creates some very serious issues when it comes time to appraise an aircraft. Technically, anybody with a pulse, a pen, and a piece of paper can appraise an aircraft – even without ever seeing the aircraft or reading any of craft’s logs or maintenance history. These appraisals

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Aircraft Appraisals 101 (Updated January 2020)

Aircraft Appraisal 101 A version of this article was written by Mike Simmons, President of Plane Data, Inc. and originally published in the January 2016 edition of The Aviation Consumer. Since that time, the NAAA ceased operations in late 2018. A new aircraft appraisal began operations in January 2019 – The Professional Aircraft Appraisal Organization (PAAO).

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Are Damage History and Missing Log Books Serious Concerns when Appraising an Aircraft?

If evaluating any aircraft was simply a matter of utilizing key numerical data about the subject aircraft, then arriving at a final value would involve little more than grinding through a formula. However, the average age of the General Aviation fleet is about 35 – 40 years old and there are many other variables to

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How Important is Proper Documentation When Financing an Aircraft?

Occasionally when I perform an appraisal for a bank, the current owner or perspective buyer wants to hang around to see what is involved in an aircraft appraisal.  Normally, this is not a problem and they can provide some useful information if questions come up. The only difficulties arise when someone attempts to influence the

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What should you know before hiring an aircraft appraiser?

One of the factors which impacted both the S&L collapse of the ‟80s and the real estate crisis early in the 21st century was artificially inflated evaluation reports from supposedly professional real estate appraisers. Aircraft financing has been impacted just as seriously even though this situation isn‟t something most lenders will discuss openly. However, it

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