Q&A: Germany-based Appraiser Completes Aircraft Valuation Program at Embry-Riddle Aeronautical University in Florida

By Sharon Reed

DAYTONA BEACH, FL — Based in Hannover, Niedersachsen, Germany, Frank Winkelmann, ASA, MBA, is a newly Accredited Senior Appraiser in MTS Aircraft. With more than 35 years of aviation experience (Appraisal, Audit, Engineering, Airline, Consulting and Training), Mr. Winkelmann recently chose to attend ASA’s Aircraft Valuation Program at Embry-Riddle Aeronautical University (ERAU) in Daytona Beach, FL. The program consists of a series of 4 courses for professional aircraft appraisers (ME201ACS – ME204ACS).

Embry-Riddle Aeronautical University, Daytona Beach Campus (Embry-Riddle/David Massey)

Completion of these courses provides participants with the necessary fundamental appraisal coursework to apply for professional accreditation through ASA in the Machinery and Technical Specialties (MTS) discipline with a specialty in Aircraft Appraisal. The courses include curriculum covering commercial, business and general aviation aircraft, including fixed-wing and rotorcraft, and other aerospace assets. To find out more about the program, click here.

Frank Winkelmann, ASA, MBA, Aircraft Appraiser

Mr. Winkelman answered a few questions from ASA about the ERAU program:

ASA: Why did you decide to pursue the Embry-Riddle appraisal coursework?     

Winkelmann: My goal was to be an Accredited Senior Appraiser and my opinion was that ERAU is the only and best choice to reach this goal. ERAU is very famous and is providing excellent courses. ASA is recommending ERAU and this was very important for me, too.

ASA: What aspects of the courses did you find most useful for your career?

Winkelmann: All four courses provided by ERAU were very useful and have prepared me to appraise Business Jets. Very useful was the teaching of the “Three Approaches to Value.”

ASA: How will having the certification benefit you?

Winkelmann: I will benefit in certification because customers do expect that appraisers are accredited. The certification will increase the trust in the appraiser.

ASA: Have you worked in Germany throughout your career?

Winkelmann: I am constantly working since 1983 in aviation in Germany.

Embry-Riddle Aeronautical University, Daytona Beach Campus (Embry-Riddle/David Massey)

ASA: Are there many aviation appraisers in Germany and in Europe?

Winkelmann: No, there only a few “active” aviation appraisers in Germany and only a very few are accredited. In Germany we have the “Verband der Luftfahrtsachverstängen,” which is an association of lawyers, tax consultants, pilots and appraisers, who are involved in aviation, are members. This association is about 50 years old. I cannot give detailed information about the situation in other countries in Europe because there are many different valuation systems.

ASA: What else would you like to tell prospective Embry Riddle/ASA students?

Winkelmann: Never stop learning. The first step is to study at ERAU and then to be accredited by ASA. But there are many ways to increase the appraisal knowledge, for example by visiting the course: “Appraisal Review & Management.”

To find out more about the Aircraft Valuation Program, visit: www.appraisers.org/Education/aircraft-valuation-program.

Print Friendly, PDF & Email
Share

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>