What data sources do appraisers use to value aircraft equipment?
Industry pricing digests such as Aircraft Bluebook and VREF, refined with current asking prices, recent verified sales, OEM data, and maintenance records. Digest figures are a starting point; our appraisers adjust them for the specific airframe, engines, avionics, and market trend data, because book numbers alone often reflect stale or incomplete market evidence.
Which records most affect an aircraft’s appraised value?
The spec sheet and complete maintenance logs: total airframe time and landings, engine make, model, hours and cycles, installed avionics, maintenance program enrollment, damage and repair history, and airworthiness directive compliance. Missing or incomplete logbooks can produce substantial value discounts even when the aircraft looks excellent, because they cloud remaining useful life and marketability.
Is a pricing digest value enough, or do I need a full appraisal?
A digest-only valuation is the least comprehensive option: it can miss refurbishments, avionics age, and upcoming heavy maintenance events. A fuller appraisal integrates the digests with market research on supply, demand, comparable listings and sales, and maintenance status, and a physical appraisal adds an inspection to verify condition and records. For financing, litigation, or unique and heavily modified aircraft, the deeper scopes are materially more credible.
Can straight-line depreciation value an aircraft accurately?
No. Age-based formulas ignore mid-life engine overhauls, avionics retrofits, maintenance program status, and cyclical market demand, so they can significantly misstate value for both older and recently refurbished aircraft. Professional practice under USPAP requires considering the sales comparison, cost, and income approaches and relying on the ones that fit the data, not a fixed depreciation rule.
Why does the type of value matter in an aircraft appraisal?
Because aircraft valuation recognizes multiple distinct definitions, including base value, market value, fair market value, residual, distress, securitized, salvage, and scrap value, each with different assumptions about marketing time and conditions. Applying a number developed for one context, such as loan collateral, to another, such as tax reporting or litigation, is a common and costly misinterpretation. Every report we prepare states the value definition it concludes.