Asset Purchase Reviews
GMX Asset Purchase Review (APR) services provide valuable information for your aircraft transaction.
The GMX APR team acts as an independent entity to provide a non-biased and fair evaluation of the aircraft documentation, as well as a thorough physical inspection of the aircraft itself. We ensure that both documentation and actual condition of the aircraft meet the highest standards to give you complete confidence in your purchase decision.
An Asset Purchase Review (APR) is a critical element in the acquisition of a business jet, designed to reveal any potential issues with the aircraft before finalizing the purchase. Global MX offers various levels of inspection depth ranging from basic to comprehensive. This presents a structured four-tier work scope and checklist for conducting asset purchase reviews on business jets, with each tier representing an increasing level of thoroughness and detail.
The work scope is designed to align with industry standards while accommodating varying degrees of buyer concerns and investment protection needs. Each tier provides descriptions of the inspection items to be accomplished along with estimated labor hours required, allowing potential purchasers to select the inspection level that best suits their requirements and risk tolerance.
What is an APR?
An asset purchase review for a business jet typically consists of two main components:
- Aircraft Records Inspection: A thorough examination of all documentation and logbooks to verify compliance with regulatory requirements and maintenance histories.
- Physical Aircraft Inspection: A hands-on assessment of the aircraft’s condition, including all systems, components, and structures.
The inspection is typically conducted after a purchase agreement has been signed, with the agreement outlining responsibility for rectifying discrepancies found during the inspection. Standard practice is for sellers to be responsible for airworthiness and operational issues, while cosmetic items are typically the buyer’s responsibility.
A comprehensive asset purchase review for a business jet can take between 15-28 days to complete, including discovery, rectification of discrepancies, and return to service. This timeline may vary based on the inspection tier selected and any unforeseen issues discovered during the process.
FOUR-TIER INSPECTION WORK SCOPE
| TIER 1: LITE | TIER 2: BASIC | TIER 3: STANDARD | TIER 4: PREMIUM |
|---|---|---|---|
|
Visual Inspection & Records Review |
Enhanced Inspection & Basic Systems Testing |
Comprehensive Inspection with Detailed Testing |
Complete Aircraft Evaluation with Invasive Testing |
|
15-25 hours |
50 – 70 hours |
150 – 200 hours |
300 – 500 hours |
|
5 Working Days |
8 Working Days |
13 Working Days |
15 Working Days* |
| TIER 1: LITE |
|---|
|
Visual Inspection & Records Review |
|
15-25 hours |
|
5 Working Days |
| TIER 2: BASIC |
|---|
|
Enhance Inspection & Basic Systems Testing |
|
50 – 70 hours |
|
8 Working Days |
| TIER 3: STANDARD |
|---|
|
Comprehensive Inspection with Detailed Testing |
|
150 – 200 hours |
|
13 Working Days |
| TIER 4: PREMIUM |
|---|
|
Complete Aircraft Evaluation with Invasive Testing |
|
300 – 500 hours |
|
15 Working Days* |
*Note: Total duration for Tier 4 inspections would typically be longer (21-28 days total) when including rectification time for any discrepancies found. The 10-15 day estimate is for the inspection only.
ON-Call APR Contacts
Piston & Turbo Prop MX
Nicole Jeffords
Vice President of Maintenance
570-861-0513
nicole.jeffords@gmx.aero