The National Aircraft Appraisers Association (NAAA) ceased operation on 12/31/18. The Professional Aircraft Appraisal Organization, LLC (PAAO) was established in December 2018 to provide certification and professional development for aircraft appraisers. More information about the PAAO be found on their website at www.appraiseaplane.org
This article was written by Mike Simmons, President of Plane Data, Inc. and originally published in the January 2016 edition of The Avaition Consumer. Valuations based solely on price publications can lead to bogus price setting. Creditable appraisal reports accurately account for refurbishment and mods. What is the average buyer, banker, or layperson to do if …
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 »
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 »
Many of us have had the misfortune of dealing with a damaged automobile and experiencing first hand the way automobile policies handle physical damage. Auto policies are generally written on an Actual Cash Value basis, which means the payment made in the event of a total loss is adjusted for depreciation. When a total loss …
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 …
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 …
How Important is Proper Documentation When Financing an Aircraft? Read More »
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 …
What should you know before hiring an aircraft appraiser? Read More »
