Australasia's leading specialist valuation service since 2004 for piston and turbine powered fixed wing aircraft.
Genco Valuation has a long and proud history of serving clients across New Zealand, Australia, Papua New Guinea, Indonesia and the South Pacific.
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 principals are licensed fixed- and rotor-wing pilots.
- Property Institute of New Zealand (PINZ): The professional governing body that regulates all practitioners within plant and machinery, aviation, auto, and marine sectors.
- Aircraft Owners and Pilots Association (AOPA).
Our Industry Experience:
- Aircraft operation and ownership since 2003.
- Nearly 20 years' experience in international aircraft trading, brokerage, rental, leasing, 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 and insurance
- Refurbishment or modification
- Depreciation and taxation
- Import/export
- Asset recovery
- Retrospective
Those that rely on our valuation assessments include:
- 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 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: 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 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.
