An aircraft appraisal is an impartial, third-party opinion of the value of an aircraft, similar to a home appraisal. It is used by buyers, sellers, bankers, and insurers to determine the fair market value and condition of the aircraft.
The duration of an appraisal can vary. Desktop appraisals might be generated in a day or two, while a full physical appraisal can take from a few days to over a week, including travel time, inspection, and report generation.
Aircraft valuation considers many factors including the year, make, model, maintenance history, current condition, installed equipment, and market trends. Appraisers use methods like comparing recent sales of similar aircraft, analyzing maintenance records, and assessing any special modifications or damage history.
Appraisals are needed for:
Look for certification from the American Society of Appraisers (ASA). Consider the appraiser's experience, educational background, and whether they follow the Uniform Standards of Professional Appraisal Practice (USPAP).
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.