What is the average buyer, banker or layperson to do if they need to know the value of a specific aircraft? Many turn to numbers reported in price publications or the asking prices on aircraft sales websites, believing the information is accurate, but this can be an expensive mistake.
The growing refurbishment trend for aging airframes, plus the high prices of avionics retrofits, makes the valuation process even more difficult. That’s why a formal appraisal report that’s skillfully prepared by a trained and experienced appraiser can yield more accurate figures than back-of-the-envelope guesstimates.