ISTAT Jetrader - Summer 2020 - 37

Industry methodologies and models will be challenged, as they
should be. No player in the aviation industry should come out of this crisis
without an inward-looking audit of their own assumptions and supporting philosophies.
upon independent methodologies, a set of data points and a
calculus of the intrinsic underlying value of the aircraft (Base
Value). To this end, each appraiser will take their own view
on economic life and depreciation along with weighing other
factors relevant to the marketability and liquidity of the asset.
Appraised values are not meant to be the same among firms,
nor should they be. As firms may take different views of the
various market segments and specific aircraft types, with
regards to overall longevity and/or competitive positioning,
values will undoubtedly often differ.
Different methodologies among appraisers especially
come to light with older, less frequently traded aircraft. As
aircraft enter into more mature profiles, and closer to end of

life, the availability of data points typically becomes fewer and
further between, especially for out-of-production models and
those types with limited ubiquity. Because of this, appraisers
may have to develop Current Market Value and/or Base Value
opinions by also relying upon data points from similar aircraft,
etc., using their own respective methodology and notion of
"highest and best use" of the asset. As a result, values may
exhibit wider disparities toward the end of an aircraft's life.
It is also important for us to touch upon the three
pillars that guide ISTAT Appraisers Program appraising
methodologies. These fundamental approaches are:
Replacement Cost Approach, Income Approach and
the Market Comparable Approach. These methods
Jetrader

* SUMMER 2020 * 3 7



ISTAT Jetrader - Summer 2020

Table of Contents for the Digital Edition of ISTAT Jetrader - Summer 2020

ISTAT Jetrader - Summer 2020
From the President
News & Events
Perspectives: Q&A With Nils Hallerstrom
Live from Austin
Fixing the Leaky Pipeline
ISTAT Certified Appraisers: Valuing Aircraft During Market Disruptions
Aviation History: The Avro Canada Arrow
A Tribute to Jack B. Feir
Appraisal: A330 Freighters and Boeing 777F
ISTAT Foundation: Thinking Globally
Advertiser Index
ISTAT Jetrader - Summer 2020 - Intro
ISTAT Jetrader - Summer 2020 - ISTAT Jetrader - Summer 2020
ISTAT Jetrader - Summer 2020 - Cover2
ISTAT Jetrader - Summer 2020 - 1
ISTAT Jetrader - Summer 2020 - From the President
ISTAT Jetrader - Summer 2020 - 3
ISTAT Jetrader - Summer 2020 - 4
ISTAT Jetrader - Summer 2020 - 5
ISTAT Jetrader - Summer 2020 - 6
ISTAT Jetrader - Summer 2020 - 7
ISTAT Jetrader - Summer 2020 - News & Events
ISTAT Jetrader - Summer 2020 - 9
ISTAT Jetrader - Summer 2020 - 10
ISTAT Jetrader - Summer 2020 - 11
ISTAT Jetrader - Summer 2020 - Perspectives: Q&A With Nils Hallerstrom
ISTAT Jetrader - Summer 2020 - 13
ISTAT Jetrader - Summer 2020 - 14
ISTAT Jetrader - Summer 2020 - 15
ISTAT Jetrader - Summer 2020 - Live from Austin
ISTAT Jetrader - Summer 2020 - 17
ISTAT Jetrader - Summer 2020 - 18
ISTAT Jetrader - Summer 2020 - 19
ISTAT Jetrader - Summer 2020 - 20
ISTAT Jetrader - Summer 2020 - 21
ISTAT Jetrader - Summer 2020 - 22
ISTAT Jetrader - Summer 2020 - 23
ISTAT Jetrader - Summer 2020 - 24
ISTAT Jetrader - Summer 2020 - 25
ISTAT Jetrader - Summer 2020 - 26
ISTAT Jetrader - Summer 2020 - 27
ISTAT Jetrader - Summer 2020 - 28
ISTAT Jetrader - Summer 2020 - 29
ISTAT Jetrader - Summer 2020 - Fixing the Leaky Pipeline
ISTAT Jetrader - Summer 2020 - 31
ISTAT Jetrader - Summer 2020 - 32
ISTAT Jetrader - Summer 2020 - 33
ISTAT Jetrader - Summer 2020 - 34
ISTAT Jetrader - Summer 2020 - 35
ISTAT Jetrader - Summer 2020 - ISTAT Certified Appraisers: Valuing Aircraft During Market Disruptions
ISTAT Jetrader - Summer 2020 - 37
ISTAT Jetrader - Summer 2020 - 38
ISTAT Jetrader - Summer 2020 - 39
ISTAT Jetrader - Summer 2020 - Aviation History: The Avro Canada Arrow
ISTAT Jetrader - Summer 2020 - 41
ISTAT Jetrader - Summer 2020 - 42
ISTAT Jetrader - Summer 2020 - 43
ISTAT Jetrader - Summer 2020 - 44
ISTAT Jetrader - Summer 2020 - 45
ISTAT Jetrader - Summer 2020 - A Tribute to Jack B. Feir
ISTAT Jetrader - Summer 2020 - 47
ISTAT Jetrader - Summer 2020 - Appraisal: A330 Freighters and Boeing 777F
ISTAT Jetrader - Summer 2020 - 49
ISTAT Jetrader - Summer 2020 - 50
ISTAT Jetrader - Summer 2020 - 51
ISTAT Jetrader - Summer 2020 - 52
ISTAT Jetrader - Summer 2020 - 53
ISTAT Jetrader - Summer 2020 - ISTAT Foundation: Thinking Globally
ISTAT Jetrader - Summer 2020 - 55
ISTAT Jetrader - Summer 2020 - Advertiser Index
ISTAT Jetrader - Summer 2020 - Cover3
ISTAT Jetrader - Summer 2020 - Cover4
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