What is an Aircraft Appraisal?
The Aircraft Appraisal is a Valuable Tool.
|To the Buyer, the appraisal is an impartial professional opinion as to the value
the particular aircraft they are planning to purchase. Further, the appraisal can
assist in expediting the sale of the aircraft because the buyer and seller know the
market value and relative condition of the aircraft through the independent appraisal.
|To the Seller, the appraisal gives them the confidence of knowing the condition |
and the current fair market value of their aircraft.
|To the Banker, the appraisal documents the value, and condition of the aircraft. |
The appraisal also supports the banks collateral position in the aircraft loan.
It's been said that " An aircraft is worth what someone will pay for it."
Therefore, when setting a selling price for something as valuable as an aircraft, more
factual advice than that given by a well-meaning friend is both a necessity and just
common sense. Of course this is just as important on the corporate level. Costly mistakes
can probably be avoided through the use of a Professional Aircraft Appraiser.
Anatomy of an Appraisal.
An appraisal is an impartial opinion of the value of an aircraft, prepared by experts
who know all the factors which make up the current behavior of the Used Aircraft market.
It is an opinion of value based upon experience and repeated analysis of these factors. It
is an opinion of value which can be substantiated and justified. It is an opinion of value
made by a Certified, Recognized, Professional Aircraft Appraiser.
The Professional Aircraft Appraiser must acquire all the facts about the aircraft in
question. The appraiser thoroughly examines the aircraft log books, inspects the exterior
and interior of the aircraft and pays close attention to the present condition and the
maintenance history of the aircraft. Utilizing the National Aircraft Appraisers
Association's extensive Computer System, enables the appraiser to give accurate and prompt
National Aircraft Appraisers Association Members Will Assure the
Information by Providing the Following Services.
|Detailed examination of airframe, engines, props, instrumentation, avionics and |
|Careful review of aircraft documentation including log books etc..|
|Computer analysis of relevant data.|
|Sealed Certificate of Appraisal with detailed computerized report submitted to |
is the Purpose of an Appraisal?
|To obtain a professional opinion of the present fair market value on an aircraft.|
|To obtain a professional opinion of the value on an aircraft to be renovated or |
|An expert opinion of the value of an aircraft is useful as a prudent safeguard |
excessive Tax Assessments, Capital Gains and other taxes.
|Appraisals are used to verify Damage Claims resulting from fire, hail, |
accidents and other disasters.
|An appraisal may provide the basis for decision-making in the commitment of |
|Provides persuasive independent evidence of the condition of an aircraft.|
|Assist a prospective purchaser in obtaining financing or insurance.|
|Assist the financial institutions by substantiating the nature and value of the |
as it relates to collateral.
|Assist the financial institution by supporting the Loan Portfolio for examination |
Loan Committee and/or Bank Examiner.
|Distinguishes sellers aircraft from others that may be listed for sale. should |
the time required to sell an aircraft by 50%.
How Much Will the Aircraft Appraisal Cost?
Fees will vary depending on the size of the aircraft and the length of time involved in
completing analyses of all relevant data.
How long will it take to Complete the Report?
One must allow sufficient time for the appraiser to do a thorough job. The appraiser
may spend a short time actually inspection the aircraft, but will spend considerable time
researching data. The Certificate of Appraisal and Inspect Data Sheet Analysis of the
Appraisal is issued after the physical inspection of the aircraft has been completed.
Standards of Professional Practice and Conduct.
The National Aircraft Appraisers has established rigid standards of professional
practice and conduct to which every Association Member must adhere. It is essential to all
parties receiving and relying upon appraisals that these standards be meticulously
The National Aircraft Appraisers Association provides a broad range of service to the
Aviation Industry through its Professional Approach to Aircraft Valuations. Bankers,
Insurers, Purchasers, Sellers, and owners immediately recognize the value of an
Independent Aircraft Appraisal.