Australasia's leading specialist aviation valuation service since 2004 for piston and turbine powered fixed wing aircraft.
Genco Valuation has been serving clients across New Zealand, Australia, Papua New Guinea, Indonesia and the South Pacific.
In valuation, industry knowledge and experience is everything
Our CEO and Co-founder, Mr. Justin Sollitt, is Genco Valuation's principal fixed-wing aircraft valuer. He is one of only a few specialists in this field in Australasia and is frequently consulted.
Justin is supported by his team of aviation industry professionals that enables Genco Valuation to provide robust advice across a broad range of aviation industry sectors and operational situations.
Justin is an experienced pilot and aircraft owner. He is a member of the Property Institute of New Zealand (PINZ) as well as a member of the Aircraft Owners and Pilots Association (AOPA). Since 1999, he has spent 17 years in the business of fixed- and rotor-wing aircraft brokerage, aircraft rental/leasing, and specialised oceanic delivery flights.
This collective experience underpins Genco Valuation's long and extensive knowledge base of the global aviation marketplace.
- 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:
- General pre-purchase or pre-sale
- Fleet valuation
- Business sale or purchase
- New business feasibility
- Finance and insurance
- Refurbishment or modification
- Depreciation and taxation
- Import/export
- Asset recovery
- Retrospective
Our clients include:
- Private owners
- Lender ordered: ASB, ANZ, National, BNZ, Westpac NZ, Westpac AU, Heartland, UDC Finance, Marac Finance, Airloans Finance.
- Law and accountancy firms
- Insurers and loss adjusters
- NZ Government Official Assignee
- 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 l Multi engine l Piston l Turboprop l Light Jet
Vintage l Warbird l Utility l Competition l Parachute l Agricultural l Transport l Amphibious l Floatplane l Microlight l Amateur Built l Experimental l Gliders
Wooden l Aluminium l Composite
Aircraft makes that we have experience with:
Aerostar l Aero Commander l Aero Vodochody l Alpi l Apia l Avia l Beechcraft l Britten Norman l Cessna l Champion l Cirrus l Commander l Cresco l Curtis l De Havilland l Douglas l Extra l Fleet l Fletcher l GD Convair l Gippsland l Glassair l Grumman l Gulfstream l Hawker Siddeley l Jabiru l Jodel l Kodiak l Lancair l Learjet l Maule l Micro l Mooney l Nanchang l North American l PAC l PZL l Partenavia l Percival l Pilatus l Piper l Pitts l Protect l Rihn l Robin l Rockwell l Rutan l Stearman l Socata l Sukhoi l Tecnam l Vans l Waco l Wilga l Yakovlev l Zlin
NEED TO KNOW
Aircraft valuation is akin to aircraft maintenance and flight operations - there are no short cuts. The task is normally undertaken by a regulated industry professional with years of training and industry experience.
Always consider the following when comparing valuation fee estimates and service providers.
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: An obvious conflict of interest and as such is not permitted by industry regulators, where 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 request to see a sample of the practitioner's standard report to confirm the scope of information included, 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.
