The NAAS Certified Aircraft Appraisal begins with a thorough inspection of the exterior and interior of the aircraft by our appraiser. Special attention is paid to the condition of the airframe, paint, and propulsion system. Airframe and engine modifications as well as signs of damage are documented. The avionics and flight instruments are inventoried to insure they are properly accounted for in assessing the value of the aircraft. Cabin configuration and condition is also documented. A full set of digital photographs is taken of the exterior and interior documenting
the positive attributes of the aircraft as well as any defects discovered during the inspection.
Next, the maintenance log records are carefully examined to determine whether maintenance was done to keep the aircraft in top condition or just to maintain a minimal level of airworthiness. Airworthiness Directive (AD) and Service Bulletin (SB) status is reviewed along with record of major inspections and repairs. What is not recorded within the maintenance records is especially important, such as missing annual inspections, missing or altered pages, and undocumented modifications. Special attention is also given to any record of previous damage that may have a significant impact on the aircraft's value. Depending upon the aircraft type, make and model, the appraisal inspection process will normally require from four to six hours to complete.
After the aircraft inspection and maintenance records examination is complete, the process of establishing the aircraft's value begins. Utilizing the proprietary market value database and software developed by NAAS, the information collected from the aircraft inspection is compared
to all other similar aircraft recently sold on the worldwide market. Our database is updated daily and allows us to provide an extremely accurate valuation on any make and model aircraft ever built. After the detailed appraisal has been written to completion, it is then reviewed by our senior appraisal analyst for accuracy. Once approved and certified, the 30 to 40 page appraisal report is then delivered to the client via FedEx typically within 3 to 5 business days after completion of the initial aircraft inspection.
For additional information or to order a certified appraisal, contact us.
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