Aviation consultancy IBA Group has announced that aviation analyst Youcef Berour Minarro has become a International Society of Transport Aircraft Trading (ISTAT) certified appraiser.
Berour Minarro joined IBA in 2015 as an aviation analyst within the commercial aviation intelligence (CAI) department responsible for aircraft appraisals, market studies, consultancy, research and publications. In 2018, he was promoted to the position of senior analyst.
Recent projects coordinated by Berour Minarro include management of several European airport slot transactions where airlines have been using their slot values for financing purposes.
Commenting on his qualification, Berour Minarro said: “Being part of a society with more than 5,000 members including airlines, banks and leasing companies certainly allows great access and insight into market intelligence which allows an appraiser to be well informed. Nowadays the ability to field an ISTAT Certified Appraiser is becoming a stated requirement, and IBA’s expertise and services is in demand for increasingly complex projects. Ensuring an aircraft or fleet appraisal is provided by a credible source that abides by strict guidelines is comforting to lessors, airlines and banks alike.”
To become an ISTAT certified appraiser applicants must first enrol onto the ISTAT appraiser programme which has various requirements including education (Bachelor’s Degree) and requires a minimum of five years’ full–time employment in aviation–related business, of which no less than two years would be spent in accomplishing aircraft appraisals.
Once enrolled, candidates must be an ISTAT member for one year and then take exams.
“Youcef completed his exams at ISTAT Orlando in March 2019, and he passed all four written exams consisting of finance, technical, appraisal and ethics first time which is a great achievement” said ISTAT Fellow Phil Seymour, CEO of IBA.
Berour Minarro is responsible for IBA’s business jet and commercial aircraft appraisals as well as those for niche assets.