Survey & Valuation
Value Opinion Letter (VOL)
A Value Opinion Letter (VOL) is typically a 3 to 7 page letter, based on information provided by the client, which simply offers the opinion of AirJet as to the value of the aircraft with cursory market information to support that opinion. This to have the opportunity to receive quick and fast a professional aircraft appraisers opinion for re-financing or for pre-financing prupose.
USPAP Certified Aircraft Appraisal (Pre Purchased Inspection)
A USPAP Certified Aircraft Appraisal involves a physical examination of the subject aircraft and its records. The appraiser certifies through his own due diligence that the appraised value is accurate based on information obtained first hand. While other forms of appraisals rely on aircraft specifications provided by outside sources, a Certified Appraisal leaves no doubt as to the accuracy of the information used to determine fair market value. This type of appraisal allows the appraiser to document the condition of the airframe, paint, and interior of the aircraft with detailed digital photos which are included in the appraisal report. The on-site inspection also gives the appraiser an opportunity to thoroughly review the aircraft logbooks, and the ability to determine the quality of maintenance history as well as the presence of any past or present damage to the aircraft. This type of appraisal produces the most accurate and detailed appraisal report that we offer.
USPAP Certified Desktop Appraisal
A desktop appraisal is one which does not include any inspection of the aircraft or review of its aircraft technical and maintenance records. It is based upon current market information, current published aircraft for sale, current and historical market, sales / asking price data and historical base values including average assumed physical aircraft condition and aircraft document status which fulfill the EASA IR-OPS requirements.
The Certified Appraisal will be provided by a Accredited Senior Appraiser by ASA and Senior Certified Aircraft Appraiser accredited by NSCA who is a member of the American Society of Appraisers (ASA) and of National Aircraft Appraiser Association (NAAA) compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) and or using the International Valuation Standards (IVS). AirJet Consulting Group offer valuation services competently while maintaining independence, impartiality and objectivity.
USPAP Extended Desktop Appraisal
This type of appraisal relies on information provided by the client or another outside source. A Desktop Appraisal is still able to comply with the standards set forth by ASA, ISTAT and NAAA; however numerous assumptions must normally be made. The appraised value will only be as accurate as the information provided to AirJet Consulting Group. Because the information and status of the subject aircraft have not been independently verified by one of our appraisers, we cannot certify the accuracy of appraised value. That being said, we still employ our full resources of available comparable data and market trends to the appraisal process, and the value can be expected to be accurate as long as the source of information provided can be relied on.
What is USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) was established to promote and maintain a high level of public trust by establishing requirements for aircraft appraisers. The Appraisal Standards Board (ASB) of the Appraisal Foundation develops, publishes, interprets and amends the USPAP on behalf of appraisers and users of appraisal services. USPAP calls for the highest standards of professional ethics. USPAP compliant appraisals must be conducted by a qualified appraiser who has specialized knowledge, understanding and has successfully completed the stringent USPAP intensive course work while displaying proficiency. Standards 7 and 8 establish stringent requirements for the appraiser to develop and communicate their analyses, opinions and conclusions to the intended users of their services in a manner that is meaningful and not misleading.