When it comes to aircraft Valuation, usually, you have to analyse as many factors as possible in order to arrive at the best price ever. When carrying out aircraft Valuation, there are so many things to Consider, check our some of the critical ones that you have to evaluate.
First of all, air frame hours and the age. Every hour it flies a certain amount of its value is lost. As that goes on, you realized that the plane loses its value and becomes smaller because it is ageing. Looking at the total number of hours flown over the fleets average you can easily measure this component. The total air frame hours have a greater impact on the plane’s value. To deduce an aircraft’s raft sale value then consider aircraft hours and the age.
The plane has other things that have been fixed, consider them too. We have to do any things to look at when it comes to this, for example, the technology inside the aircraft, thus has a noticeable impact in the value, the gear and the other systems are generally things to look at. It is really good to check out these things because not all aircraft will have the same, so depending on the findings you can know how well to price it. Consider engine hours. You only check how many hours can it fly before landing, if for longer hours then the price would be high, but when it keeps on flying to destination to destination at lesser hours then the value would actually be low.
Another thing to Consider would be the records and the airworthiness directives. Usually, the records show the airworthiness of the directives including the maintenance needs, thus have a general impact on the overall value. Buyers should review the airworthiness certificate, the engine, air frame logbooks, the weight and the balance data. Based on the above things it is easy to value a plane.
The inside of the aircraft has an impact on its value. Just checking the interior, the technology used to design and layout would determine the value of the plane. Simply judging the interior, you can tell if it enhances the value or not. Another factor is checking the paint, be careful of the hidden things behind the paint though.
Damage history would also make it to the list of factors to evaluate. Consider the type of accident, degrees to which the aircraft was affected. Based on the damage history be sure to come up with the right price at the end. To conduct an effective aircraft valuation, then you can look at done of the things above.