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What You Need to Know Before Hiring an Aircraft Appraiser

TASA ID: 4642

One of the factors which impacted both the S&L collapse of the ’80s and the real estate crisis early in the 21st century was artificially inflated evaluation reports from supposedly professional real estate appraisers.  Aircraft financing has been impacted just as seriously, even though this situation isn’t something most lenders will discuss openly.  However, it raises a question regarding the legitimacy of any individual aircraft appraiser or “professional” appraisal organization.  After all, there are no legal requirements placed on the aircraft appraisal industry; therefore, anyone can call themselves an aircraft appraiser – regardless of their knowledge, skills and abilities.
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