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Review of Case Materials
Reviews records, documents, testimony, data, and other relevant materials and consults with counsel regarding technical issues related to the matter.
Provide Expert Analysis
Applies specialized knowledge and experience to evaluate the technical or professional issues involved.
Form Expert Opinions
Develops independent, supportable opinions based on the available evidence and relevant standards.
Prepare Expert Reports
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Value can be influenced by the aircraft's model and age, configuration, total flight time, engine or component status, maintenance history, installed equipment, modifications, damage or repair history, and current market evidence. The significance of each factor varies with the type of aircraft and the valuation assignment. The ISTAT Appraisers Program recognizes multiple value concepts and requires its appraisers to identify the value being determined and relevant assumptions or limiting conditions supporting the conclusion.
Comparable transactions can provide evidence of how similar aircraft have traded in the relevant market. An appraiser may consider differences in model year, time in service, maintenance status, equipment, configuration, condition, and other characteristics before deciding how much weight a particular transaction deserves. The goal is not simply to average asking prices, but to relate available market evidence to the specific aircraft and valuation date.
A retrospective appraisal estimates value as of a specified effective valuation date in the past. This may be relevant when a dispute concerns an earlier sale, loss, transaction, financial event, or alleged change in value. The analysis should rely on information and market conditions appropriate to the valuation date rather than applying current market conditions without adjustment.
Records can provide information about registered ownership and recorded ownership or registration history, airworthiness, maintenance history, inspections, modifications, equipment, and other facts that may affect how an aircraft is characterized and valued. The FAA Aircraft Registry maintains registered-owner, recorded security-interest, and airworthiness information for U.S. civil aircraft, and these records are commonly researched by prospective purchasers and financing institutions.
Aviation, +4
Aviation
Prepares clear, well-supported expert reports outlining methodology, analysis, findings, and opinions.
Provide Deposition Testimony
Explains findings and opinions under oath and responds to questioning during deposition testimony.
Testify in Court
Presents specialized findings and opinions clearly to judges, juries, arbitrators, or other decision-makers.
The appraiser's experience should match the aircraft category and the valuation question. Relevant considerations can include experience with comparable aircraft, familiarity with aviation markets and maintenance records, appraisal methodology, report preparation, and recognized professional appraisal standards. For commercial-aircraft work, for example, the ISTAT Appraisers Program requires aircraft valuation experience, examinations, sample appraisal reports, continuing education, and other qualifications for its certified designations.
