This article was originally published in the October 2018 edition of Professional Pilot Magazine, and the topics covered include:
- When does an aircraft sustain true "value diminution"?
- The difference between value diminution and "cost to cure."
- Determining whether structural damage has occurred.
- Why "who" performed the repairs and "how" repairs were completed matters.
- Why do "when" the damage occurred and "when" the repair was completed matter.
- The effect on value of repairing the aircraft to its original production standard.
- When might repairs enhance the aircraft and possibly lead to a value increase?
- Important factors to be considered in determining "Value Diminution".