NAAA Certified / USPAP Endorsed Aircraft Appraisals

An appraisal writen by Aeromantia Inc. 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 certified, recognized, professional aircraft appraisers.

FOR THE BUYER: The appraisal is an impartial, professional opinion as to the value of the particular aircraft being purchased. The appraisal report is a thorough description and inventory of the aircraft that verifies the major selling points for the buyer and financing entity. 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 appraisal.    

FOR THE SELLER: The appraisal offers the confidence of knowing the general condition and current fair market value of the aircraft being sold as seen through the eyes of an independent third party. An appraisal is a great selling tool because it gives a potential buyer a solid "feel" for the aircraft in the words of the objective evaluator. After reading the certified appraisal report, the potential buyer will have more confidence in the condition and appearance of that aircraft than they would another aircraft where all that is available is the owner's description.

FOR THE FINANCER: An appraisal  documents the value and general condition of the aircraft. The appraisal also supports the bank's collateral position in the aircraft loan by verifying that the aircraft is what it is said to be. Any banker who does self-evaluations without any manner of verifying the collateral exists, or that the aircraft is equipped as represented, is putting his bank at risk for a major loss should the client default. There is no reason to accept a risk of that magnitude when Aeromantia's certified appraisers can detail the value and general condition of the aircraft for you. 

FOR THE INSURER: An appraisal written by Aeromantia can help determine replacement values associated with new hull insurance policy applications. Aircraft appraisals may also be used to verify damage claims resulting from fire, hail, windstorms, accidents, and other disasters by providing evidence of an aircraft's condition, installed equipment and fair market value prior to the claim.

FOR THE ESTATE ATTORNEY: An appraisal written by Aeromantia provides an expert opinion of the value of an aircraft as a data-point when evaluating tax assessments, capital gains, and other taxes. The appraisal can also provide the fair market value for an aircraft that is part of an estate.

FOR THE DONOR: The appraisal is an impartial, professional opinion as to the value of the particular aircraft being donated to charity. The fair market value of your aircraft cannot be determined by a charity; the Tax Agencies considers that to be a "conflict of interest". A charity's tax receipt is, however, proof that you made the donation. The aircraft's fair market value has to be determined by an independent certified appraiser.

Types of Aircraft Appraisals

DESKTOP APPRAISAL: A desktop appraisal is one which does not include any inspection of the aircraft or review of its maintenance records. It is based on the assumed aircraft condition and maintenance status or information provided to the appraiser or from the appraiser's own database. A desktop appraisal would normally provide a value for a mid-time, mid-life aircraft.

EXTENDED DESKTOP APPRAISAL: An extended desktop appraisal is one which is still characterized by the absence of any on-site inspection of the aircraft or its maintenance records, but does include consideration of maintenance status information that is provided to the appraiser from the client, aircraft operator, or in case of a second opinion, possibly from another appraiser's report. The extended desktop appraisal would normally provide a value that includes adjustments to account for the actual maintenance and modification status of the aircraft.

FULL APPRAISAL: A full appraisal is one that includes an inspection of the aircraft and its maintenance records. This inspection is aimed solely at determining the overall condition of the aircraft and records to support the value opinion of the appraiser, and would not, for example, include opening of inspection panels on the aircraft. A full appraisal would normally provide a value that includes adjustments to account for the actual maintenance and modification status of the aircraft, and other adjustments to reflect the findings of the inspection of the aircraft and its records.

COMPREHENSIVE APPRAISAL: A comprehensive appraisal is one that includes a detailed inspection of the aircraft and records. Sufficient detail is required, for example, to insure that the records are in sufficiently good order to allow for re-registration of the aircraft in a different country.

FINANCIAL APPRAISAL: A financial appraisal is one that determines the value of an aircraft to an investor based upon the incoming earning potential from its lease and residual value. A financial appraisal may be done in conjunction with either desktop appraisal, full appraisal, or comprehensive appraisal.

Aircraft Valuations

ONLINE VALUATION: Online valuation services are not aircraft appraisals and are limited to corporate aircraft and general aviation aircraft.  An aircraft online valuation is intended to provide an opinion of value that is based on aircraft specifications & information provided to Aeromantia by customers using the online valuation form. A link to the online valuation form is provided to customers after the online purchase is completed. Assumptions as to the aircraft conditions, maintenance status, modification status, equipment configuration, etc. may be applied in the valuation analysis if customer supplied information is incomplete.

Compare Appraisal Types & Valuations

	ONLINE VALUATION	DESKTOP APPRAISAL	EXTENDED DESKTOP APPRAISAL	FULL APPRAISAL	COMPREHENSIVE APPRAISAL	FINANCIAL APPRAISAL
General
Pricing	US$99	Request Quote	Request Quote	Request Quote	Request Quote	Request Quote
Online Purchase		---	---	---	---	---
Includes
Online Portal Access
Valuation Report		---	---	---	---	---
Appraisal Certificate	---
Appraisal Report	---
Aircraft Physical Inspection	---	---	---
Digital Photographs	---	---	---
Import / Export Analysis	---	---	---	---
Financial Analysis	---	---	---	---	---
Clients are responsible to determine which appraisal type is appropriate for its intended purpose. Consult with your financial institution, insurance agency, legal representative, tax agency, charitable organization, or other applicable party to determine which appraisal type you require.

 

Frequently Asked Questions

How much will an appraisal cost?

Fees will vary depending on the type of aircraft, its year, make and model, and the length of time involved in completing analyses of all relevant data.

How much time will an appraisal take?

The client must allow sufficient time for the appraiser to do a thorough job. The appraiser may spend a short time actually inspecting the aircraft, but will spend considerable time researching data. The Certificate of Appraisal and Inspection Data Sheet Analysis of the appraisal is issued after the physical inspection of the aircraft has been completed.

What's the difference between NAAA Appraisal vs. Bluebook / Vref?

Aircraft prices guides such as the Aircraft Bluebook and Vref are published, marketed, and distributed by book publishers. The publishers do not appraise aircraft, rather gather data by sending questionnaires to their subscribers every 3 months to generate their database. It is important to note that the questionnaires do not request information regarding: aircraft damage history, make and model of all avionics installed, physical condition of the airframe and equipment, maintenance inspection status of the aircraft, airworthiness directive status, prop TSO, or engine overhaul type (field overhaul or factory new limits overhaul or new engine), and other important factors.

An NAAA aircraft appraisal takes all the facts about the aircraft to obtain an opinion of the value of that aircraft. A detailed examination of the airframe exterior, paint, engines, props, interior cabin, instrumentation, avionics, and all relative systems is performed. A careful review of the aircraft documentation, log books, associated modification status, and maintenance status is performed. A computer analysis is performed using the NAAA extensive database to determine relevant value data and adjustments are made based on the results of the inspections.

What is the Purpose of an Appraisal?

(1) To obtain a professional opinion of the present fair market value on an aircraft.
(2) To obtain a professional opinion of the value on an aircraft to be renovated or modified.
(3) To obtain a professional opinion of the value of an aircraft as a prudent safeguard against exces sive tax assessments, capital gains and other taxes.
(4) To verify damage claims resulting from fire, hail, windstorms, accidents and other disasters.
(5) To provide the basis for decision-making in the commitment of funds for aircraft acquisition.
(6) To provides persuasive, independent evidence of the condition of an aircraft.
(7) To assist a prospective purchaser in obtaining financing or insurance.
(8) To assist a financial institution in substantiating the nature and value of the aircraft as it relates to collateral.
(9) To assist a financial institution by supporting the loan portfolio for examination by the loan committee and/or bank examiner.
(10) To distinguish sellers aircraft from others that may be listed for sale. An Aircraft Appraisal written by a member of NAAA may reduce the time required to sell an aircraft by 50%.

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