|
|
|
![]() |
How much is an aircraft worth? Most of the private propeller aircraft are more than 30 years old. Over the years, these aircraft have been modified, upgraded, and refurbished to the point where many look and perform like a new plane. But others have had less updating.
The very nature of older aircraft dictates that No Two Are The Same.
Maintenance Counts:Avionics:
There are thousands of avionics
types, manufacturers, and model combinations that differ widely in value.
Consequently, avionics have a substantial impact on the aircraft’s value.
It is not uncommon for the value of avionics from one aircraft to another to
differ by $100,000 or more. Failure to consider the avionics would be a
major error. The NAAA process
calculates the value of all components correctly when determining the fair
market value.
What is the engine worth:
The engine, the most critical part of the aircraft, requires routine
maintenance and overhauls. Again, the same plane may have different
engines. The NAAA process utilizes a
database of thousands of engine configurations and overhaul costs together with
the current maintenance status of the plane's engines to assess their contribution to the value of the aircraft.