Login
Helicalc® report
[company_name]
Prepared by [client_name]
AVM Report Date: [date]
Contents
- Definitions of Value
- Fair Market Value
- Installed Equipment
- Cosmetic Condition and Mechanical Fitness
- Hourly Maintenance Program (HMP)
- Assumptions
- HeliCalc® Calculations
- HeliCalc® Value Results
- What is HeliCalc®?
- Disclaimer
[Date]
Preparer:
[address]
This HeliCalc® report was generated to assist in determining the [premise] for a [heli_year] [mfg_name] [model_name], serial number [serial_num], registration number [reg_num].
Definitions of Value
[value_def]Fair Market Value
With respect to the Fair Market Value, the following outlines “normal” market conditions:- a. Not a “forced/liquidation/bulk/distress” sale;
- b. Buyer and seller each acting in an “arms-length” transaction;
- c. Adequate time for a resale transaction to occur;
- d. No sudden technological problems or achievements occurring which would materially detract from the serviceability or marketability of the helicopter;
- e. Previous chain of owners’ and maintenance portions of the subjects’ title is free and clear of all restrictions, adverse notations, claims, liens, and encumbrances;
- f. More than ten years’ economic and mechanical useful life remaining;
- g. A one-at-a-time resale scenario, without too many competing similar models.
Installed Equipment
This aircraft is evaluated in its work role as [config_name]. Additional equipment installed in this helicopter may be found in the equipment section of the calculations at the end of this report.Cosmetic Condition and Mechanical Fitness
HeliCalc uses a scale of “excellent, good, average, fair, poor,” to determine the condition of interior and the exterior elements of a helicopter. This is not a comparison of the machine's condition against a new aircraft's condition. It is a rating comparing it with similar models of the same age group doing comparable work. Cosmetic rating adjustments can be found in the cosmetics section of the calculations at the end of this report.This report makes no representation as to the mechanical fitness of the helicopter, or whether this helicopter has suffered any accident damage or not. You are reminded that large changes can occur to any helicopter’s component status and that these changes will directly affect the machine’s estimated value each time they occur.
This report assumes the helicopter is complete, flyable and airworthy, with all airframe-, engine-, and regulatory-required maintenance procedures accomplished. The helicopter is deemed to be within the current calendar or flight time inspection limits. Any special maintenance, operational, or administrative agreements in effect would have to be discontinued and normal status returned to the helicopter prior to the transfer to another operator.
Hourly Maintenance Program (HMP)
[pbh_stmt]Assumptions
The helicopter is assumed to be in such condition as if it were being presented for sale. As such, it would have to be prepared mechanically, administratively and cosmetically for a customer showing. It would be presented “as-is, where-is,” with no added maintenance, options, training, insurance coverage, warranties or parts costs included. Also, not included in these considerations are any taxes, transportation, recertification, or sales expenses that might be due in an actual aircraft resale.HeliCalc® Calculations
The sales comparison approach was used in determining the final value results.For a sale comparison, current resale pricing from The Official Helicopter Blue Book® database was utilized. The Blue Book is the most widely accepted standard for helicopter resale pricing information. HeliValue$, Inc. obtains sales pricing data from owners and operators, lenders and lessors, resellers, brokers, and equipment manufacturers worldwide, analyzes it and compares it against historical and economic trends, and then publishes the resulting values. Blue Book resale pricing is reviewed at least quarterly for accuracy and timeliness, and frequently traded models are updated as soon as trends begin to show variation from the previously published page. The Blue Book data was then adjusted to match the subject aircraft, based predominantly on component service life status and secondarily on avionics and installed airframe equipment.