The Winter 2017 issue of Jetrader features the publication of the fifth and penultimate article in the ongoing ISTAT appraisers’ education series. In this entry to the series, ISTAT Certified Senior Appraiser Neil Whitehouse and ISTAT Appraiser Emeritus and Member Emeritus Jack Feir take an in-depth focus on definitions. ISTAT appraisal definitions have become the industry standard for billions of dollars of financing and in litigation, as well. This article sets the definitions out and provides descriptive explanations for each.
Click here to read the article, and be on the lookout for the final installment in the series to appear in the Spring 2018 issue.
The series thus far:
Part I: An Appreciation
Part II: Value Definitions, Unit Costs & More
Part III: Aircraft Economic Life
Part IV: Engine Values
Part V: ISTAT Value Definitions