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ASSET INSIGHT AND SAI VALUATIONS MERGE Print E-mail

FOR IMMEDIATE RELEASE

 

 

 

ASSET INSIGHT AND SAI VALUATIONS MERGE

 Merged Entity Uniquely Able to Provide Powerful Aircraft Valuation Tools and Resources

 

April 18, 2016 – Asset Insight, Inc. and SAI Valuations, LLC announced today that the companies have agreed to merge. The new, combined entity will be Asset Insight, LLC, and will be headquartered in Las Vegas, NV, with offices in Amissville, VA, Chicago, IL, Portsmouth, NH, Vienna, Austria and London, England. Merger of the two companies is effective immediately and Asset Insight, LLC will be led by:

  • John Spoor as Chairman (formerly Founder and CEO of SAI Valuations, LLC).
  • Anthony “Tony” Kioussis as President & CEO (formerly President and Founder of Asset Insight, Inc.).
  • Barbara Spoor as Executive Vice President (formerly Founder and Corporate Vice President of SAI Valuations).  

Operations of the two companies, including web-based aircraft valuation tools, aircraft maintenance analytics, the Aircraft Graybook, and the Asset Grading System Process, as well as accredited aircraft valuations, appraisals and related services, will be combined over the coming weeks. The resulting collection of tools available to the aviation industry will provide aircraft owners, individuals seeking to acquire or sell an aircraft, financial services companies, business aircraft managers, flight department managers, attorneys at law, and aircraft asset portfolio managers, the most comprehensive assemblage of powerful valuation analytics and resources ever available in the aviation marketplace.

 

“Independently, both companies cultivated reputations for thorough research, experienced analysis, robust product offerings, and long-term customer relationships. Asset Insight, LLC will command an authoritative position in the asset valuation market,” stated John Spoor, Chairman of Asset Insight, LLC. “Upon merger of operations, Asset Insight will be able to offer the most complete picture of aircraft value available in the industry.”

 

Announcements will follow in the coming weeks detailing the evolution of the merged Asset Insight product line and service offerings. Asset Insight’s newly emerging body of tools will leverage aircraft auditing, valuation, and market analysis services with the proprietary Asset Grading System Process that provides a uniform methodology for evaluating and grading an aircraft’s maintenance condition as well as the deep aircraft, aviation business, facilities, machinery and equipment, and technical consulting experience of the parties. 

 

“I wouldn’t expect any of the existing products or services to fall away. Rather, we see a very real opportunity to bring existing and new services to the market that more fully utilize technology, and the specialization of the merged company’s team, to make them more valuable to aircraft owners, buyers and sellers,” said Tony Kioussis, President & CEO. “This merger is a textbook illustration of the term synergy – the merger of SAI Valuations and Asset Insight truly equals more than just the sum of the two companies. Together we’re positioned to employ massive amounts of data to bring new levels of information to the market, reducing our customer’s risk and improving the certainty with which they move through their aircraft management and buy-sell decisions.”

  

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Why Accreditation Matters Print E-mail

ImageAn accredited appraiser is required to adhere to strict guidelines and ethics in the performance of all valuation engagements.  They have complied with specific training requirements and must maintain continuing educational requirements to keep their accreditation. This is extremely important in assuring clients that the appraiser not only complies with the ethical standards of professional appraisal practice, but that they remain competent and up to date on the latest appraisal methodology.

American Society of Appraisers (ASA) the oldest and only major international appraisal organization representing all appraisal disciplines originated in 1936 and incorporated in 1952. The society was one of the original founders of the Appraisal Foundation that is recognized by the U.S. Congress for establishing uniform criteria for professional appraisers.  This criteria is contained in the Uniform Standards of Professional Appraisal Practice (USPAP).  The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognize USPAP as the generally accepted appraisal standards and require USPAP compliance for appraisers in federally related transactions. State Appraiser Certification and Licensing Boards, federal, state, and local agencies, appraisal services, and appraisal trade associations also require compliance with USPAP.

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Definitions of Value Print E-mail

ImageThese definitions are defined and supplied through the American Society of Appraisers. 

Fair Market Value (FMV)

Fair Market Value is the price at which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition are the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
• The buyer and seller are typically motivated,
• Both parties are well informed or well advised, and each acting in what he considers his own best interest,
• A reasonable time is allowed for the exposure in the open market,
• Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable; and
• The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

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SAI Data Points - Reflections on Value Print E-mail

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SAI Data Points are short articles, charts, analysis, and insights that represent reflections of our continued market analysis. In-depth data examination allows for deeper understanding of the dynamics at play and provides unique and valuable intelligence on aircraft valuations. Timely, significant, and thought provoking Ideas, patterns, and information are shared below. 

Follow Data Points on Twitter @AviationValues

Follow SAI Valuations on Twitter @saivaluations

 

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Understanding Appraisal Review and Management (ARM) Print E-mail

Data Points - July 6, 2016

What is ARM?


While Appraisal Review and Management (ARM) are coined as a single term, it consists of two parts: Appraisal Review and Appraisal Management. 
 
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