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.
The age and the hours it has flown are some of the major things that you can actually look into. Whenever a plane flies, each hour in the sky, a dime amount of value is gone. That per hour reduction changes depending on the model and grows smaller as the aircraft ages. Looking at the total number of hours flown over the fleets average you can easily measure this component. The total house flew affect the value of the plane. So the very first step to valuing a plane is simply looking at the hours it has flown and the age.
Consider the installed things. We have quite a number of things to evaluate here, from the technology employed inside the plane, the gear system, the air conditioning, the other supporting systems all of which must be included into the decision to arrive at the right price. Since aircraft’s are equipped with different things, features, it would be good to research to find out the differences in the installations, this would be an ultimate guide to valuing the plane rightly. 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.
As if that is not enough, check the records and the airworthiness directives. Normally, the records are very helpful especially when it comes to airworthiness directives and the maintenance needs. We have so many things that the records have, for instance, the purchaser needs to see the airworthiness certificate, the balance data, the weight so as to know what to do. Make sure that the seller has all these records to guide your decision, if one does not have them, then the value should just go down already.
How the plane appears in the inside, the layout and the chairs etc. affect the value should f the plane. Where the interiors are well fitted and designed, the value would be a bit high. So check with the interior to know whether it can enhance or lower the price of the plane. 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. First of all, find out the kind of accident that occurred, the degree to which the aircraft was affected etc. Based on the damage history be sure to come up with the right price at the end. Aircraft valuation would only be successful with such things put into mind.