Asset Valuation

Specialist valuation services for turbo-prop and light jet fixed-wing aircraft.

Genco Valuation Ltd is a wholly owned subsidiary of the Genco Energy Group.

Since 2004, Genco Valuation has a long and proud history of serving clients across New Zealand, Australia, Papua New Guinea, Indonesia and the South Pacific.

Genco Valuation is completely independent of any aviation sales activities and commission incentives.

Aviation valuations require an aviation specialist

Genco Valuation operates a leading team of aviation valuation professionals, enabling us to provide robust advice across a broad range of aviation industry sectors, locations, and operational situations.

Our Professional and Industry Affiliations:

Civil Aviation Authority of NZ (CAA): Our valuation principals are experienced fixed- and rotor-wing pilots.
Property Institute of New Zealand (PINZ): The professional governing body that regulates all accredited valuation practitioners within the plant and machinery, aviation, auto, and marine sectors.
Aircraft Owners and Pilots Association (AOPA)

Our Industry Experience:

Licensed fixed- and rotor-wing pilots to commercial, instructor, and ATPL level.
Light aircraft ownership.
Private aircraft operations ranging from a microlight, to heavy singles.
Commercial aircraft operations from light twins, to a business jet, to a Boeing 737.
Twenty-six years in international aircraft trading, brokerage, rental, leasing, refurbishment, shipping, and oceanic delivery flights.

This collective experience underpins Genco Valuation's long and extensive knowledge base of the global aviation marketplace.

Prior history: In many cases across New Zealand and Australia, we will have already either seen or valued the aircraft in question and know its history.
Sales and transaction: Understanding how aircraft sales are normally negotiated and transacted, the price differentiation between international markets, and what buyers and sellers place importance on.
Procurement dynamics: Understanding the risks with cost escalation, especially when procuring an aircraft to meet a specification and at short notice.
Logistics and compliance: Understanding how aircraft are delivered/shipped around the world and the costs and compliance involved.
Ownership and maintenance: Understanding aircraft operating and maintenance costs/cycles, run out depreciation, especially with costly items due that are being passed onto a buyer.
Operational performance: Understanding the pros and cons of various aircraft and their performance, especially with regards to utility and operator preference.
Refurbishment and capital improvement: Understanding how the cost of added-value items relates to and affects aircraft market value.

Valuation report types:

Current market value (pre-purchase or pre-sale)
Distressed market value (liquidated or forced sale)
Fleet valuation
Business sale or purchase
New business feasibility
Finance
Insurance
Refurbishment or modification
Depreciation and taxation
Import/export
Asset recovery
Salvage
Retrospective/pre-incident

Our clients:

Private owners/operators
Trading banks: ASB, ANZ, National, BNZ, Westpac NZ, Westpac AU, Heartland
Financiers: UDC, Marac, Airloans
Government: Ministry of Business, Innovation and Employment (MBIE), Inland Revenue (IRD), NZ Customs, AU Customs, Official Assignee
Executors of deceased estates
Law firms
Accountancy firms
Insurers and loss adjusters
Tier 2 airlines
Air charter and flightseeing
Aero clubs and flight training
Agricultural air spreaders
Adventure flying and parachuting
Westpac Rescue Service
Coastguard Air Patrol

Aircraft types that we have experience with:

Single Engine — Multi Engine — Piston — Turboprop — Light Jet

Vintage — Warbird — Utility — Competition — Parachute — Agricultural — Transport — Amphibious — Floatplane — Microlight — Amateur Built — Experimental — Gliders — Wooden — Aluminium — Composite

Aircraft makes that we have experience with:

Aerostar - Aero Commander - Aero Vodochody - Alpi - Apia - Avia - Beechcraft - Britten Norman - Cessna - Champion - Cirrus - Commander - Cresco - Curtis - De Havilland - Douglas - Extra - Fleet - Fletcher - GDConvair - Gippsland - Glassair - Grumman - Gulfstream - Hawker Siddeley - Jabiru - Jodel - Kodiak - Lancair - Learjet - Maule - Micro - Mooney - Nanchang - North American - PAC - PZL - Partenavia - Percival - Pilatus - Piper - Pitts - Protect - Rihn - Robin - Rockwell - Rutan - Stearman - Socata - Sukhoi - Tecnam - Vans - Waco - Wilga - Yakovlev - Zlin

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NEED TO KNOW
Aircraft valuation is akin to aircraft maintenance and flight operations; there are no short cuts. The task should normally be undertaken by a regulated industry professional with decades of training and industry experience.

When comparing valuation fee estimates and service providers, always consider the following guidelines. Over our 22 years in this business, we have peer-reviewed many valuations that lack any legal or commercial substance, and frustratingly this only tarnish the reputation of our profession.

1. Free / ball-park valuations: Anyone offering this level of service will most likely be in name only and be completely unregulated. Commercially this is senseless and unrealistic. Professional valuation credentials have high barriers to entry, compliance is costly, and all valuation work carries risk.

2. Valuations by sales organisations: A conflict of interest and as such is not permitted by industry regulators. All valuation practitioners are required to have strict independence from any sales activities and commission incentives.

3. Valuations report scope: The definition of a "valuation report" can be very ambiguous. Always ensure that the scope of assessment and reporting is defined upfront, or request to see a sample of the practitioner's standard report scope. This should confirm the information that is included, how that information is derived, the follow-up that is provisioned, and any excluded liabilities.

4. Desktop vs. full inspection: Always ensure that a desktop option will satisfy the terms and compliance of any third party, especially lenders and insurers.

Whilst the range of turbine aircraft make/models that we have experience with is measured in the dozens — these machines depicted are a strong cross-sectional representation of Genco's type experience and capability.