Concept of aircraft appraisal

An aircraft appraisal is a tool that assures all parties to an aircraft transaction some level of comfort. There are three levels of appraisals; each one more in-depth than the one before, each one costing a bit more as the level of analysis increases.

There are three types—a pricing digest version, a desktop appraisal, and an onsite or physical appraisal. Worldwide aircraft appraisals are done by a certified appraiser. What the certified appraiser does differently than a simple pricing digest valuation is to look at market data including what is currently on the market. The appraiser will also evaluate where the market has been trending as well as average days on market and use that to figure out where it is going.

This is especially true for turboprops and light jets. The aircraft have maintenance expenses coming up. It is to be enrolled in an engine maintenance program. A certified appraiser will look at the entire market, do a cursory check of the logbooks and specifications on the aircraft, but will not physically look at the aircraft.

Aircraft fleet appraisals are the most invasive—almost like a pre-buy inspection. It is the gold standard of appraisals. The appraiser is going to get into the airplane, open panels, thoroughly examine all the engine logs and maintenance logs, and take a careful look at the aircraft. This type of appraisal is recommended for truly unique aircraft like upgrade discussed or a converted aircraft and on most jet aircraft it is a requirement.

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