AVIATION
- EXPERT SERVICES
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CASE EXAMPLESValuation of a Luxury Long-Range Executive Aircraft Loss Value of a Small Transportation Aircraft Lost Revenue due to Sub-Standard Luxury Aircraft
- TEAM MEMBERS
AVIATION
Accumyn’s aviation valuation expertise is based on an industry background that includes military, commercial, aeronautical engineering, manufacturing, marketing, sales, operations and financial services. We have expertise in assisting clients on engagements related to the Code of Federal Regulations (CFR-14). More specifically, we assist in matters involving design and certification of aircraft Part 25, operations Parts 91 and 135, and maintenance Parts 45 and 145. Our assignments include both the valuation of individual aircraft, aircraft fleets, and related businesses such as Fixed Based Operations (FBO), charter services, hanger and fueling facilities and maintenance services. Our clients range from legal counsel and insurance companies to aircraft manufacturers, leasing and finance companies, and fractional ownership. Our experience includes domestic and global transactions for private and business aircraft sales and purchases.
AVIATION
Accumyn’s aviation valuation expertise is based on an industry background that includes military, commercial, aeronautical engineering, manufacturing, marketing, sales, operations and financial services. We have expertise in assisting clients on engagements related to the Code of Federal Regulations (CFR-14). More specifically, we assist in matters involving design and certification of aircraft Part 25, operations Parts 91 and 135, and maintenance Parts 45 and 145. Our assignments include both the valuation of individual aircraft, aircraft fleets, and related businesses such as Fixed Based Operations (FBO), charter services, hanger and fueling facilities and maintenance services. Our clients range from legal counsel and insurance companies to aircraft manufacturers, leasing and finance companies, and fractional ownership. Our experience includes domestic and global transactions for private and business aircraft sales and purchases.
+ Expert reporting for litigation support
+ General Aviation Regulations (CFR-14)
+ Aircraft valuation including fair market value and assessment of aircraft records
+ Procurement/Purchasing Consulting; Buyer Representation
+ Marketing of aircrafts; Seller Representation
+ Appraisals and diminution of value reports for various aircraft types
+ Cost and performance comparisons of aircraft, weapons, and sensor systems
+ Records Inspection
+ Aircraft Design, Maintenance AssessmentsCASE EXAMPLES
Valuation of a Luxury Long-Range Executive AircraftProvided expert deposition testimony and prepared expert report on the fair market value of a large business jet aircraft. Valuation analysis of the aircraft involved detailed review of completion work performed on the aircraft, its maintenance and operating records, and an analysis of the functionality of the cabin management system (“CMS”). Valuation was based on cost and market approaches and relied mainly on the analysis of sale transactions involving similarly luxury aircraft with and without deficiencies observed in the subject aircraft.
Loss Value of a Small Transportation AircraftPrepared expert report on the subject of diminution of value of a small transport category aircraft. Analysis involved the impact of improper engine maintenance on the value of the aircraft. Detailed analysis of the aircraft and its available record showed that the engine change did not result in any value loss of the aircraft. Analysis showed that the aircraft had suffered damages not disclosed in the marketing material and had an incomplete and poor record that would indicate a diminution of the aircraft value not related to the engine change.
Lost Revenue due to Sub-Standard Luxury AircraftAccumyn’s expert valued a buyer’s damages incurred due to receipt of a sub-standard luxury aircraft that was repeatedly delayed and when finally delivered by the seller, did not meet the buyer’s expectations. The seller failed to remedy the mistakes in a timely manner and the buyer relied upon the seller’s representation that the aircraft was being made to the buyer’s expectation and therefore did not exercise their right to terminate the purchase agreement. The expert’s damage analysis had to include pre-judgment interest rate calculations and lost revenue analysis due to the fact that the aircraft could not be chartered in its sub-standard condition.