Valuing assets: could COVID-19 be a game-changer?
20 May 2020: Aircraft are extreme assets at the best of times. Even in good times, it is hard to make sense of their values. A downturn that grounds thousands of them makes the assessment of value even more of an ordeal. That is where expertise and experience count.
Phil Seymour is the President of the International Bureau of Aviation (IBA), the aviation data and consulting firm based in Surrey, UK. He is also an International Society of Transport Aircraft Trading (ISTAT) Senior Appraiser Fellow and was the Chair of the Appraiser Programme from 2012 to 2018. This means that he, and the team he leads, are the experts the banks, leasing companies, airlines, and others, turn to for an appraisal of aircraft assets and, ultimately, their value.
Under COVID-19 conditions, this is a complex task made so much more complicated by market conditions.