What is an Aircraft Appraisal?
The Aircraft Appraisal is a Valuable Tool.
bullet To the Buyer, the appraisal is an impartial
professional opinion as to the value of 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 fair market value and
relative condition of the aircraft through the independent
To the Seller, the
appraisal gives them the confidence of knowing the
condition and the current fair market value of their
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
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 Aircraft
National Aircraft Appraisers Association Members Will Assure
the Best Possible Information by Providing the Following
Detailed examination of
airframe, engines, props, instrumentation, avionics and
all relative systems.
Careful review of aircraft
documentation including log books etc.
Computer analysis of
Certificate of Appraisal
with detailed computerized report submitted to client.
What 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
against excessive Tax Assessments, Capital Gains and
Appraisals are used to
verify Damage Claims resulting from fire, hail,
windstorms, accidents and other disasters.
An appraisal may provide
the basis for decision-making in the commitment of funds
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 aircraft as it relates to collateral.
Assist the financial
institution by supporting the Loan Portfolio for
examination by the Loan Committee and/or Bank Examiner.
aircraft from others that may be listed for sale. should
reduce the time required to sell an aircraft by 50%.
How Much Will the Aircraft
Fees will vary depending on the size of the aircraft and the
length of time involved in completing analyses of all
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 maintained.
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.