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Aircraft Evaluation & Inspections

Pre-purchase Inspections
The work scope associated with this type of
inspection is very comprehensive. The content of the purchase
offer or purchase and sale agreement generally drive the scope.
This inspection involves a thorough technical inspection of
all pertinent primary and secondary airframe structures, an
inspection of all major aircraft systems, and a complete and
thorough review of all of the aircraft records. The pre-purchase
inspection also focuses on component traceability and compliance
with all the pertinent inspection criteria and all applicable
limitations as set forth in the specified aircraft's maintenance
manual. This type of inspection should also include an incoming
and outgoing maintenance test flight, and a complete check
of all ground and flight systems.
Off-Lease Inspection
The off-lease inspection is quite similar in
scope to the pre-purchase inspection; the work scope is equally
comprehensive. The scope of this inspection can be driven
by the covenants contained in the lease documentation, and/or
the content of a purchase offer or purchase and sale agreement.
This inspection involves a thorough technical inspection of
all pertinent primary and secondary airframe structures, an
inspection of all major aircraft systems, and a complete and
thorough review of all of the aircraft records. The off-lease
inspection also focuses on component traceability and compliance
with all pertinent inspection criteria and applicable limitations
as set forth in the specified aircraft's maintenance manual.
This inspection also should include an incoming and outgoing
maintenance test flight, and a complete check of all ground
and flight systems.
Preliminary Pre-Purchase Inspection
The scope of this inspection is designed to
qualify an aircraft as a candidate for a formal pre-purchase
inspection. The cost in money and time to perform a formal
pre-purchase inspection is high; therefore, it is prudent
to conduct preliminary inspections to qualify the aircraft
prior to incurring the greater expense. The inspection process
typically takes anywhere from one to three days, exclusive
of travel time. This inspection involves a very thorough physical
investigation of the known problem areas of the particular
aircraft model. A thorough review of the aircraft records
is conducted with an eye toward detecting damage history and
identifying questions or anomalies associated with the aircraft
records.
Collateral Inspection
The "collateral inspection" involves
a cursory physical inspection of an aircraft and the verification
of the existence of the aircraft logbooks and records. This
inspection typically takes between four and eight hours, exclusive
of travel time. The collateral inspection is designed to assess
the general condition of the aircraft and associated records
and to identify any obvious anomalies. A "collateral
inspection" does not involve any in-depth representations
of the maintenance or inspection status of an aircraft. While
certain circumstances may result in our rendering a conditional
opinion of the general airworthiness of the aircraft, this
type of inspection is not designed to conclusively establish
the aircraft's airworthiness.
Appraisal Inspection
The scope of an "appraisal inspection"
is similar to that of a "collateral inspection,"
however, the degree of examination is somewhat more extensive.
This inspection consists of a preliminary inspection and review
of the aircraft and records. The inspection process typically
takes one to two days, exclusive of travel time. In some cases
it may take more time, based on the age of the aircraft and
the condition and completeness of the records. Although this
inspection does not involve an in-depth review and verification
of the maintenance and inspection status of the aircraft,
there is an emphasis on identifying whether or not the aircraft
has sustained any damage and whether any records are missing.
Obvious anomalies are identified and a conditional opinion
is rendered as to the general airworthiness of the aircraft
as indicated by the owner's representations.
Note about Inspections
The collateral, appraisal, and preliminary pre-purchase inspections
are not considered adequate for the purposes of acquiring
an aircraft, obtaining a certificate of airworthiness, or
conclusively establishing regulatory compliance. These inspections
are designed to identify general conditions, as opposed to
specific conditions. While they may reveal some initial indicators
or specific circumstances associated with an aircraft and
its records, we highly recommend that in all instances where
we render a conditional opinion that a more formal and thorough
inspection be performed to confirm any findings revealed by
these inspections.
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For
more information about how we can satisfy your
aircraft sales and jets for sale needs, please contact:
Stanley Greenbaum - Principal
Ron Motta - Principal
at: sales@aircraftinvestmentgroup.com
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