Aircraft Appraisal — Frequently Asked Questions
Aircraft Appraisal for Bank Financing: What Lenders Need to Know
What lenders need from an aircraft appraisal: field-verified collateral value, a stated scope of work, lien awareness and a defensible loan file.
Aircraft Appraisal Cost: What Actually Determines the Price
What an aircraft appraisal costs and why. Certified appraisals start around $1,000; aircraft type, travel, intended use and record quality set the quote.
How to Choose an Aircraft Appraiser
Anyone can call themselves an aircraft appraiser. Five things to check before you hire one: certification, field inspection, damage history and fees.
Paper Jets, Real Consequences: When Sight-Unseen Valuations Fuel Financial Fraud
In today’s fast-paced financial landscape, aircraft desktop appraisals have become an attractive shortcut for lenders and insurers alike—offering speed, simplicity, and possible savings. But when accuracy takes a back seat to ethical behavior, convenience and possibly price, these reports can become the first domino in
How PAAO Uses AI Tools in Aircraft Appraisal Reporting
In our last post, we explored how AI tools have the potential to transform the aircraft appraisal industry. Today, we’ll focus specifically on how the Professional Aircraft Appraisal Organization (PAAO) incorporates these tools into its appraisal process—and why this matters.
Why AI Tools are Essential for Accurate Aircraft Appraisals
AI in aircraft appraising offers more accurate evaluations by analyzing vast data and overcoming outdated methods that rely on flawed, anecdotal information. The PAAO’s AI-driven approach ensures precise and reliable aircraft valuations.
Assessing Aircraft Damage History: FAA vs. PAAO Ratings
When evaluating the impact of previous damage events on an aircraft’s value, understanding where to start and how to base your assessment is crucial. As a seasoned Senior Certified Aircraft Appraiser with over 30 years of experience, I’ve encountered a range of approaches in the
Damage History – A Closer Look
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,
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
3 Steps to Take Now to Reduce the Risk of Aircraft Repossessions
3 Steps Banks Should Take to Reduce the Risk of Aircraft Repossessions The impacts of the COVID-19 virus are going to be felt for some time – and this includes aircraft owners too. Some owners who are in financial distress and who have liens on