As with any piece of collateral, it is essential that the asset is properly valued. Aircraft, unlike most pieces of machinery, vary widely in value. Airframe time, engine time, installed equipment and paint and interior conditions are just a few of the many factors that can affect the value of a pre-owned corporate aircraft. If you are considering offering a loan on a corporate aircraft, it is essential that you hire an expert in aircraft valuation. A properly valued piece of collateral protects your bank.
At Elliott Aviation, we use the most accurate appraisal methods in the industry. We will accurately value your aircraft by comparing it to other aircraft that have actually sold. We make adjustments to include factors that could dramatically affect the value of the airplane. Instead of relying on aircraft price books, or proprietary software derived from them, we use actual sales prices. Since an aircraft sale price is not public knowledge, accurate aircraft sales data is difficult to obtain. Elliott Aviation has spent years developing the contacts and resources necessary to get this valuable information.
Founded in 1936, The American Society of Appraisers (ASA) is the oldest and only major organization exclusively dedicated to serving appraisal professionals. By strictly adhering to the Uniform Standards of Professional Appraisal Practice (USPAP) standards, ASA accredited appraisers value all types of property including business, machinery and equipment, real property, personal property and more. To earn the ASA designation, members go through rigorous testing, training and evaluation processes.
To learn more about ASA and USPAP, please visit www.appraisers.org.
Elliott Aviation’s James Becker is a graduate of the Aviation Institute at the University of Nebraska at Omaha and also holds a F.A.A. Airframe & Power Plant Mechanic license. He has nearly twenty years in the aviation industry valuing aircraft.
In 2011, James completed and obtained his certification as an Accredited Senior Appraiser with the American Society of Appraisers. With experience in aircraft market analysis, James has an extensive knowledge of the aircraft market and has tracked and analyzed thousands of aircraft transactions. Under his aircraft specific designation with the ASA, James specializes in developing current and projected market values for turbine-powered aircraft.