•The total time in service of the airframe, each engine, and each propeller;•The current status of life-limited parts of each airframe, engine, propeller, rotor, and appliance;•The time since the last overhaul of all items installed on the aircraft, which are required to be overhauled on a specified time basis;•The identification of the current inspection status of the aircraft, including the time since the last inspection required by the inspection program under which the aircraft and its appliances are maintained;•The current status of applicable Airworthiness Directives (ADs) including, for each, the method of compliance, the AD number, and the revision date. If the AD involves recurring action, the time and date the next action is required; and•A copy of the major alterations to each airframe, engine, propeller, and appliance. These records are retained by the owner and are transferred with the aircraft when it is sold. Figure 8-1 at the end of this chapter is a maintenance records checklist you can use to document compliance with the applicable maintenance requirements.These records may be discarded when the work is repeated or superseded by other work, or 1 year after the work is performed. CAUTION: Keep in mind that as a result of repairs or alterations, such as replacing radios and installing speed kits, it may be necessary to amend the weight and balance report, equipment list, flight manual, etc.
Our Portfolio of Services
AERONUVO, The Aircraft Appraisal and Valuation Company provides competent, impartial, objective and independent valuation for buyers, sellers, banks, financing, leasing, underwriters, insurance adjusters, corporate flight departments, domestic and foreign corporations and individual owners. Our services also determine aircraft fair market property value to support purchases, sales, financing, legal proceedings and charitable contributions.Our portfolio includes single engine pistons, light and cabin class twins, single and twin engine turboprops, business jets with 10 seats or less and vintage aircraft. Our fees include IRS Form 8283 for Noncash Charitable Contributions, if requested.AERONUVO Aircraft Appraisals are sometimes requested in divorces, business loans, estate evaluations, partnership buy outs, or other situations. AERONUVO can deliver a professional opinion and appraisal report of the present market value price on an aircraft, the value on an aircraft to be renovated or modified and the value of an aircraft as a prudent safeguard against excessive tax assessments, capital gains and other taxes. Our Premier and Certified Aircraft Appraisal Services include Aeronca, Aero Commander, American Champion (ACA), American General, Aviat Husky and Pitts, Beechcraft (Beech), Bellanca, Citabria, Cessna, Cirrus, CubCrafters (Cub Crafters), DAHER SOCATA, Diamond, Ercoupe, Glasair, Great Lakes, Grumman American, Lancair, Luscombe, Maule, Mooney, Piper, Rockwell Commander, Stinson and More.
•Impartiality and Objectivity: A professional aircraft appraiser must be independent, impartial, and objective. A professional appraiser's opinion of value must not be biased.•Ethical Conduct: A professional aircraft appraiser will adhere to a generally recognized code of ethical conduct, which is contained in USPAP. •Full Disclosure: A professional aircraft appraiser will disclose all relevant information to ensure that the appraisal is understandable to the user, and not misleading.•Confidentiality: A professional aircraft appraiser will treat confidential information as such. When in doubt, the appraiser should always check with the client to determine what is or is not confidential information.•Competency: A professional aircraft appraiser should have knowledge and experience in performing similar assignments.•Independence: A professional aircraft appraiser cannot be compensated based upon the results of the appraisal.We are open for business 7 days a week, 7:00 AM to 9:00 PM Eastern Standard Time. As always, our consultations and advice are free with no obligation. It’s all part of our superior aircraft appraisal services.