ASA/Embry-Riddle Aircraft Valuation Certification Program Expanding Due to Global Demand

By Sharon Reed

Dr. Vitaly Guzhva Discusses the Aircraft Valuation Program at Embry-Riddle Aeronautical University in Daytona Beach, Florida

DAYTONA BEACH, FL — Aircraft appraisal certification candidate students based in the United States as well as from many other countries have attended the consistently sold-out American Society of Appraisers (ASA)/ Embry-Riddle Aeronautical University (ERAU) Aircraft Valuation Program at ERAU in Daytona Beach, FL. To meet the strong international demand, ASA and ERAU is considering offering this program in Farnborough, England in November 2019 and in February 2020. Additional overseas locations are to be announced by ASA/ERAU.

Frank Winkelmann, ASA, MBA, based in Hannover, Niedersachsen, Germany, for example, recently attended the ERAU program in Daytona Beach. With more than 35 years of aviation experience, Winkelmann  said he chose to attend the program because obtaining the ASA certification will “increase the trust in the appraiser” in Germany. To read a Q&A interview about the program with Winkelmann, click here.

“To our knowledge, no other universities offer comparable programs,” according to Dr. Vitaly Guzhva, ERAU professor. “The program is a result of a unique partnership between ERAU and ASA. I don’t think any other university can offer a similar program without ERAU expertise and facilities.”

A Republic Airlines EMB-175 parked on the flight line at Embry-Riddle’s Daytona Beach Campus (Embry-Riddle/David Massey)

As the largest, fully accredited university specializing in aviation and aerospace, ERAU is a private university system offering associate, bachelor, master’s, and PhD degree programs in arts and sciences, aviation, business, engineering, computer programming, cyber security and security and intelligence.

Launched in 2015, the ASA/ERAU Aviation Appraisal program is open to anyone interested in pursuing a professional designation with ASA. Program participants are required to take  a series of 4 courses for professional aircraft appraisers: (ME201ACS – ME204ACS). Successful completion of these courses provides students 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. Coursework also includes curriculum covering commercial, business and general aviation aircraft including fixed-wing and rotorcraft, and other aerospace assets.

The courses were developed by Dr. Vitaly Guzhva, ERAU professor and Dr. Sunder Raghavan, ERAU professor, in conjunction with Richard Berkemeier, ASA ARM, and David Crick, ASA.

Dr. Vitaly Guzhva (Embry Riddle/Daryl Labello)

“This is a great partnership between ASA and ERAU that works well for both organizations and helps the aviation appraisal community,” said Dr. Guzhva.

“ASA and ERAU are partners in educating Aircraft Appraisers. ERAU provides training, while ASA handles the accreditation of the appraisers. The ASA/ERAU program consists of four 30-hour courses that typically are offered from late September to March. To be eligible for the ASA accreditation, participants should take and pass all four courses,” said Dr. Guzhva. “In addition to great weather, this location offer participants a unique opportunity to use ERAU aviation facilities to learn practical skills in aircraft, engine, flight simulator, and UAS appraisal inspections and observe maintenance and flight operations.”

“In addition, we have many experienced aviation instructors here at Embry-Riddle. We have experts in all aviation areas: engines, helicopters, maintenance, UAS, flight simulators, aviation finance, legal, etc. We are currently in the third year of the program,” he added.

The tail end of a Diamond DA-42 on the flight line at Embry-Riddle’s Daytona Beach Campus. (Embry-Riddle/David Massey)

“Typically the participants in the program are experienced professionals in aviation or the banking industry,” according to Dr. Guzhva. “Some of them have been aircraft appraisals for many years, but they did not have the ASA accreditation. We have aircraft brokers, aviation lawyers, consultants, and tax accountants in our classes. We also have appraisers with different ASA disciplines that want to learn how to appraise aircraft.”

Dr. Guzhva is a Professor of Finance in the College of Business of Embry-Riddle Aeronautical University where he teaches Aviation Finance courses. He holds BS in Aeronautical Engineering, MS in Military Science, MBA in Aviation, and Ph.D. in Finance degrees, as well as the Chartered Financial Analyst (CFA) and Accredited Senior Appraiser (ASA) designations. As a military and corporate pilot, Dr. Guzhva has logged more than 5,000 flight hours primarily in high-performance jet aircraft.

For more information, visit appraisers.org or click here. Course registration is available through ERAU.

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