Jetrader - Spring 2018 - 48

maintenance status or information provided
to the appraiser or from the appraiser's
own database. A desktop appraisal would
normally provide a value for a mid-time,
mid-life aircraft.

Extended Desktop Appraisal
An extended desktop appraisal is the
next higher level of precision and is used
where the maintenance status of the airframe, engines, landing gear and auxiliary
power unit is taken into account to "extend"
(or "adjust") the valuation calculations to

include the actual maintenance status of
these major elements.

ISTAT Definition:
Extended Desktop Appraisal
An extended desktop appraisal is one
which is still characterized by the absence
of any on-site inspection of the aircraft or
its maintenance records, but does include
consideration of maintenance status information that is provided to the appraiser from
the client, aircraft operator, or in the case
of a second opinion, possibly from another

ISTAT defines five types
of aircraft appraisal:
*
*
*
*
*

Desktop Appraisal
Extended Desktop Appraisal
Full Appraisal
Comprehensive Appraisal
Financial Appraisal

appraiser's report. An extended desktop
appraisal would normally provide a value
that includes adjustments from the mid-time,
mid-life baseline to account for the actual
maintenance status of the aircraft.

Full Appraisal
A full appraisal goes to the next higher
level of precision with a physical inspection
of the aircraft and its records. This inspection is limited to supporting the valuation
analysis and mainly is focused on extracting and reviewing records that establish
the maintenance status of the aircraft and
a walk-around style inspection to observe
the general condition of the aircraft, with
photographs taken. The maintenance status
of the major maintenance items is taken
into account as in an extended appraisal.

THE FIRST CHOICE WHEN

VOLUME MATTERS

ISTAT Definition: Full Appraisal
A full appraisal is one that includes an
inspection of the aircraft and its maintenance records. This inspection is aimed
solely at determining the overall condition of the aircraft and records to support
the value opinions of the appraiser, and
would not, for example, include opening
of inspection panels on the aircraft or a
detailed review of record archives. A full
appraisal would normally provide a value
that includes  adjustments from the midtime, mid-life baseline to account for the
actual maintenance status of the aircraft,
and possibly other adjustments to reflect
the findings of the inspection of the aircraft
and its records.

THE FUTURE OF HIGH-VOLUME,
LOW-COST, GLOBAL FREIGHT TRANSPORT
HAS ARRIVED.
321 Precision Conversions-a Precision Aircraft
Solutions / ATSG joint venture-introduces the
A321-200PCF, an Airbus passenger aircraft converted
to a remarkably efficient freighter, soon to be certified
with an FAA Supplemental Type Certificate and
validated by the European Aviation Safety Agency
and Civil Aviation Administration of China.

Comprehensive Appraisal
A comprehensive appraisal is used to
determine the condition of the aircraft
and the completeness and accuracy of
the aircraft records so that a determination of airworthiness can be made (i.e.,
to determine whether the aircraft is in
full compliance with all applicable regulatory requirements). As one example,

Learn more at precisionaircraft.com

48 The official publication of the International Society of Transport Aircraft Trading
10/10/17

881033_Precision.indd 1

10:24 pm


http://www.precisionaircraft.com http://www.precisionaircraft.com

Table of Contents for the Digital Edition of Jetrader - Spring 2018

A Message from the President, Douglas W. Runte, CFA, 2017-2018 ISTAT President
Calendar/News
Q&A: C. Jeffrey Knittel, Chairman and CEO, Airbus Americas
Evolution of Technology in the Engine Market
Gaining Momentum
Ending the Year in Style, Around the Globe
Making Connections
Aviation Insights Q&A: A Conversation with DAE Chief Executive Officer Firoz Tarapore
Appraisals
Member Benefit: Complimentary Conference Attendance for Members Between Jobs
In Memoriam: Philip Lobkowicz, Gunnar Björg and Brian Tumulty
From the ISTAT Photo Archives: The ISTAT Latin America Forum and Dubai Airshow Reception Over the Years
Aviation History: Revisiting the Bristol Brabazon
Aircraft Appraisals: Airbus A320neo/Boeing 737 MAX 8
Finding Fresh, New Talent Through the ISTAT Foundation Internship Program
Advertiser Index
Advertiser.com
Jetrader - Spring 2018 - Intro
Jetrader - Spring 2018 - cover1
Jetrader - Spring 2018 - cover2
Jetrader - Spring 2018 - 3
Jetrader - Spring 2018 - 4
Jetrader - Spring 2018 - 5
Jetrader - Spring 2018 - 6
Jetrader - Spring 2018 - A Message from the President, Douglas W. Runte, CFA, 2017-2018 ISTAT President
Jetrader - Spring 2018 - 8
Jetrader - Spring 2018 - 9
Jetrader - Spring 2018 - 10
Jetrader - Spring 2018 - 11
Jetrader - Spring 2018 - Calendar/News
Jetrader - Spring 2018 - 13
Jetrader - Spring 2018 - Q&A: C. Jeffrey Knittel, Chairman and CEO, Airbus Americas
Jetrader - Spring 2018 - 15
Jetrader - Spring 2018 - 16
Jetrader - Spring 2018 - 17
Jetrader - Spring 2018 - 18
Jetrader - Spring 2018 - 19
Jetrader - Spring 2018 - Evolution of Technology in the Engine Market
Jetrader - Spring 2018 - 21
Jetrader - Spring 2018 - 22
Jetrader - Spring 2018 - 23
Jetrader - Spring 2018 - 24
Jetrader - Spring 2018 - 25
Jetrader - Spring 2018 - Gaining Momentum
Jetrader - Spring 2018 - 27
Jetrader - Spring 2018 - 28
Jetrader - Spring 2018 - 29
Jetrader - Spring 2018 - 30
Jetrader - Spring 2018 - 31
Jetrader - Spring 2018 - 32
Jetrader - Spring 2018 - 33
Jetrader - Spring 2018 - Ending the Year in Style, Around the Globe
Jetrader - Spring 2018 - 35
Jetrader - Spring 2018 - 36
Jetrader - Spring 2018 - 37
Jetrader - Spring 2018 - 38
Jetrader - Spring 2018 - 39
Jetrader - Spring 2018 - Aviation Insights Q&A: A Conversation with DAE Chief Executive Officer Firoz Tarapore
Jetrader - Spring 2018 - 41
Jetrader - Spring 2018 - 42
Jetrader - Spring 2018 - 43
Jetrader - Spring 2018 - 44
Jetrader - Spring 2018 - 45
Jetrader - Spring 2018 - 46
Jetrader - Spring 2018 - Appraisals
Jetrader - Spring 2018 - 48
Jetrader - Spring 2018 - 49
Jetrader - Spring 2018 - 50
Jetrader - Spring 2018 - Member Benefit: Complimentary Conference Attendance for Members Between Jobs
Jetrader - Spring 2018 - 52
Jetrader - Spring 2018 - In Memoriam: Philip Lobkowicz, Gunnar Björg and Brian Tumulty
Jetrader - Spring 2018 - 54
Jetrader - Spring 2018 - From the ISTAT Photo Archives: The ISTAT Latin America Forum and Dubai Airshow Reception Over the Years
Jetrader - Spring 2018 - Aviation History: Revisiting the Bristol Brabazon
Jetrader - Spring 2018 - 57
Jetrader - Spring 2018 - 58
Jetrader - Spring 2018 - 59
Jetrader - Spring 2018 - Aircraft Appraisals: Airbus A320neo/Boeing 737 MAX 8
Jetrader - Spring 2018 - 61
Jetrader - Spring 2018 - 62
Jetrader - Spring 2018 - Finding Fresh, New Talent Through the ISTAT Foundation Internship Program
Jetrader - Spring 2018 - 64
Jetrader - Spring 2018 - Advertiser Index
Jetrader - Spring 2018 - Advertiser.com
Jetrader - Spring 2018 - cover3
Jetrader - Spring 2018 - cover4
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