Refurbed aircraft value: Challenge for appraisers
"This is a fairly new thing and we're just now going about how to value an airplane that is totally reconditioned. The problem we have as appraisers is that...the way we gather our data is based on past events. And when these [refurbed] airplanes are sold, there are no past events. This is a problem that the banks have, too. There's no data to use. How much will it sell for? What is the key?" says Brian Jacobson of the National Aircraft Appraisers Association.
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