Frequently Asked Questions

What happened to the National Aircraft Appraiser’s Association?

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

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Aircraft Appraisals 101

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

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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

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Are There Dangers in Over-Insuring an Aircraft?

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

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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

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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

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