Uncategorized

Should an Aircraft Appraisal be Accurate?

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) …

Should an Aircraft Appraisal be Accurate? Read More »

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 …

What are the PAAO Best Practices and Why are They Important? Read More »

Aircraft Appraisals 101 (Updated January 2020)

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). More details about …

Aircraft Appraisals 101 (Updated January 2020) Read More »

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 …

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

How to Set a Fair Buying or Selling Price for your Aircraft?

This article was written by Mike Simmons, President of Plane Data, Inc. and originally published in the February 2002 edition of The Avaition Consumer. One of the most heated debates in ownership circles— involving both veteran owners and wannabes—is how to determine a fair market value for a used airplane. Evaluating an airplane to set a …

How to Set a Fair Buying or Selling Price for your Aircraft? Read More »

How to Determine an Aircraft’s Market Value?

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 …

How to Determine an Aircraft’s Market Value? Read More »