Aircraft appraisal

Appraisal Process
An aircraft 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 closer attention to the present
condition and the maintenance history of the aircraft. Utilizing the National
Aircraft Appraisers Associations extensive computer system enables the
appraiser to give accurate and prompt aircraft appraisals.

1. What is the Purpose of an Appraisal?

To obtain a professional opinion of the present fair market value of an aircraft.

To obtain a professional opinion of the value of an aircraft to be renovated or
modified.
An expert opinion of the value of an aircraft is useful as a prudent safeguard
against excessive tax assessments, capital gains and other taxes.
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 for acquisition.
Provides persuasive, independent evidence of the condition of an aircraft.
Assists a prospective purchaser in obtaining financing or insurance.
Assists the financial institutions by supporting the loan portfolio for examination
by the loan committee and/or bank examiner. USPAP compliant appraisals will
assure the bank examiner that the loan or loan portfolio is properly, and correctly
funded.
Distinguishes sellers aircraft from others that may be listed for sale. Should
reduce time to sell aircraft by 50%.
2. How Much Will the Aircraft Appraisal Cost?

Fees will vary depending on the size of the aircraft and length of time involved in
completing analysis of all relevant data.
 3. How Much Time Should an Appraiser Have to Complete the Report?

One must allow sufficient time for the appraiser to do a thorough job. The
appraiser may spend a short time inspecting the aircraft, but will spend
considerable time researching data. The Certificate of Appraisal and Inspection
Data Sheet Analysis of the aircraft will be issued once all of this process has been
carefully completed.

4. Standards of Professional Practice and Conduct

The Aircraft Appraisers Association 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.
5. Conclusion

Aircraft Appraisers International provides a broad range of services to the

aviation industry through its professional approach to aircraft valuations.
Bankers, insurers, purchasers, sellers, and owners immediately recognize the
value of an Aircraft Appraisers International independent aircraft appraisal.