When considering an aircraft for purchase, the easy thing to do is just avoid those with any damage history. This is an easy choice to make but would you really reject a perfectly good aircraft that had everything you were looking for – and more, which had a wingtip repaired? What about one with a […]
Before getting too far into this topic, credit needs to be given to Tim Andersen of The Appraiser’s Advocate who released a podcast on this topic albeit more directed at real property appraisals versus aircraft appraisals. In the past, Tm has instructed aircraft appraisers on proper use of USPAP (Uniform Standards of Professional Appraisal Practice)
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
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).
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
One of the most overlooked and misunderstood attributes in the purchase of an aircraft is its “market value” which may be very different from the negotiated price. This issue usually arises because of problems that have not been revealed or otherwise considered. Generally, buyers would like to have an unbiased and impartial option of value
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