representing 15 unique models. Also developed valuation on parts inventory consisting of over 60,000 line items and 7,000,000 individual parts.
Boeing 747 certified appraisal. The records are located in USA and the aircraft is parked in a third country.
We traveled as required internationally and completed inspection and report within 10 days of engagement.
We performed unbiased third party valuation on over 350,000 unique line items representing over 29,000,000 individual parts.
Major European bank required financial appraisal of large business class aircraft. The aircraft was located in a third country and
We traveled internationally and arrived at location in less than 9 hours from initial contact with client. The report was delivered to client in
Engaged by Asian corporation for assistance with sourcing the client's first corporate executive rotorcraft.
Discovered all available rotorcraft in the USA meeting the client's criteria were over priced by an average of $2,000,000. The USA based aircraft brokers were apparently taking advantage of the very high demand for this particular model by gouging prices by over 30%.
We sourced an identical model with far less Total Time from Europe for over $2,000,000 less than those offered in the USA.
Savings to client of over $2,000,000 US Dollars
Mission: State prior year tax audit
on 4 transport category aircraft. The aircraft and records are no longer in taxpayers possession.
We provided unbiased retrospective value opinion letters, covering the challenged time period, that assisted the client's attorney's with their position.
Mission: European airline
in process of acquiring transport category aircraft from USA desert storage.
We were on site within 72 hours, provided client with full records & AD review and inspection of aircraft. Provided ferry flight coordination and assisted with last minute export complications.
Savings to client appx. $8,500 over competitor firms fees.
Major leasing company required appraisal of aircraft manufacturer's flight testing aircraft
to be used as collateral.
We provided unbiased certified aircraft appraisal. Protected clients interest by working with the FAA to insure the airworthiness status could be upgraded from research & development to standard.
Potential savings to client $400,000.
Routine bank ordered certified appraisal prior to refinance funding decision.
We inspected aircraft and developed unbiased certified aircraft appraisal. Discovered applicant over stated value by over $1,500,000.
Savings to client $1,500,000.
Major insurance company required aircraft diminished value opinion in response to insurance claim on turbine aircraft damage incident.
We inspected aircraft and developed certified aircraft appraisal with diminished value adjustment.
Significantly reduced clients loss.
Savings to client in excess of $100,000.
A corporate client required routine financial appraisal to obtain third party financing.
We provided an unbiased certified aircraft appraisal and discovered significant maintenance issues and corrosion that were unknown to both buyer and seller.
The acquisition was renegotiated to force the seller to cover needed repairs.
Savings to client in excess of $200,000.
Routine lease verification inspection on large frame turbine engine.
We discovered replacement of serialized data plates
on the subject engine in an attempt to defraud our client. The actual leased engine had been severely damaged and the operator was attempting an undocumented "in house" repair. Our report was submitted to clients attorney for use in future litigation.
Savings to client appx. $1,200,000.
Mission: Corporate aircraft manufacturer
engaged in litigation with foreign owner over unpaid maintenance expenses following major damage incident.
We provided client with unbiased certified aircraft appraisal which included devaluations for the damage incident.
Many months latter, we learned that 2 other appraisers were engaged for the same project. Our report was within $100 of the final settlement,
with the other appraisers findings coming in at $300,000 above and $172,000 below.
Aircraft damage adjustment following major hurricane in south Florida.
We were on site within 12 hours following lifting of access restrictions by local authorities. All damage was photographed and documented. In addition valuable avionics were removed and safely stored to prevent looting which was commonplace at this locality. As no structures were left standing, we covered and sealed the aircraft to prevent additional environmental damage. We went on to obtain third party estimates for repair and assisted client with this project until the aircraft was returned to service.
Savings to client in excess of $400,000.
Routine onsite lease collateral verification inspection on highway construction equipment valued at over $5,000,000.
Solution: We discovered gross misuse and abuse
of equipment in violation of lease contract. Client moved promptly to recover losses and enforce lease contract terms.
A foreign government suspected a top procurement officer of "overpaying" on several recent aircraft acquisitions.
We provided unbiased value opinions
on the type aircraft in question, which supported the government's case against the official.
A corporate client faced a prior year IRS audit in which reported aircraft transaction values and holdings were challenged.
We provided unbiased certified appraisal with retrospective value
, covering the challenged time period, that assisted the client's accountants with their position.
Routine bank ordered aircraft appraisal, prior to funding decision.
We discovered log book discrepancies amounting to over 1,200 hours
of additional aircraft total time. The transaction proceeded after a renegotiated sales price.
Savings to client appx. $80,000.
An active duty, US Military jet, on loan to an aviation museum was damaged while on static display.
We provided damage & repair estimates and located rare replacement parts for the insurance company. Quickly and economically reduced the company's liability.
Reduced clients liability by appx. $650,000.
Major bank in early stages of repossessing aircraft from remote location.
We were on site within 48 hours, duplicated all aircraft records, photographed and documented condition of aircraft for use in future litigation.
Legendary pilot nearing retirement, desired to donate his signature aircraft to national museum.
We inspected aircraft and provided unbiased certified appraisal. The aircraft is displayed at the Smithsonian National Air and Space Museum.
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Aircraft Types Appraised or Inspected To Date: (Business Class and Larger)
Augusta Westland AW139
Beechcraft Raytheon Queen Air
Beechcraft Raytheon King Air
Beechcraft Raytheon Super King Air
Beechcraft Raytheon 1900 Airliner
Beechjet Raytheon 400, 400A
Bell 204, UH-1
Bombardier CRJ-200, CRJ-900, Global
British Aerospace Jetstream 31, 41, Avro RJ
Cessna 208, 401, 402, 404, Citation I/SP, II/SP, V, XLS
Challenger 300, 604, 605
DeHavilland Twin Otter
Dornier 328 Jet & Turboprop
Douglas DC-3,DC-9, DC-8, TA-4J Skyhawk
Embraer Legacy 650
Gulfstream GII, GIII, GIV
Grumman A-6E Intruder
IAI Westwind I
IAI Westwind II
Jet Commander 840, 980, 1000
Lear Jet 23
Lear Jet 24
Lear Jet 25
Lear Jet 31
Lear Jet 35
Lear Jet 40
Lear Jet 45
Lear Jet 55
Lear Jet 65
Lockheed C-130, L-1011
McDonnell Douglas MD-82, MD-83, MD-80, MD-88
McDonnell Douglas DC-10, MD-11
North American T-2B Buckeye
North American SNJ-6 Texan
Pilatus PC-12, PC-14
Raytheon Hawker 125
Raytheon Hawker 400XP
Raytheon Hawker 600
Raytheon Hawker 800
Sabreliner 60, 80
Over 10 million line items of parts inventory