Having an appraisal should be part of the pre-purchase ritual. Not only does it add an increased level of security to the transaction, but it can also keep you from being blindsided when it comes time to finance.
Appraisers provide critical valuations across every industry. What are the safeguards against erroneous reports? Who is keeping the industry in check? Let’s explore the behind-the-scenes truth of the appraisal practice and what it takes to be an appraisal reviewer.
Aircraft frequently outlive the manufacturer life estimates, sometimes by multiple decades. This is great news for owners and operators who are looking to stretch their investment and helps maintain lower cost options in the used marketplace. However, as some of these aircraft approach 40+ years of faithful service, the shadow of retirement grows larger. So what happens if you’re holding onto an aircraft that is ready to make its last flight? How do you know it’s time? Let’s take a look.
Who really is in charge of the planes you’re allowed to fly, the FAA or the insurance companies? Even after a pilot earns all the necessary certificates and ratings your insurer may close the door on your perfect plane. We take a look at who really has the “final say” in aircraft selection and why the insurers say “no” to perfectly good pilots.
