Twenty-six papers on what a hangar is worth and why: FAA rate policy, ground-lease reversion, depreciation, property tax, lending, and the portfolio case. Each one carries its sources and says where the evidence stops.
Valuing closely held hangar entities for estate and gift tax: reversion clauses, DLOM and DLOC benchmarks, and defensible discounts.
Read the paper →Selling an FBO, MRO, or charter operator to employees: the adequate consideration standard, the Brundle judgment, and why generic appraisals overstate value.
Read the paper →Hangars with a history of AFFF firefighting foam can carry PFAS contamination that lenders and appraisers must price in.
Read the paper →Scope sets the fee, and the ground lease, the intended use of the report, and the data the airport will release set the scope.
Read the paper →Adequate consideration, Revenue Ruling 59-60, the GreatBanc process standard, and the FBO and repair-station normalizations generalists miss.
Read the paper →A component-level framework for physical, functional, and external depreciation in hangar appraisal, including the door-system problem.
Read the paper →A portfolio-theoretic case for hangars as a low-correlation, inflation-hedging real asset for insurance and institutional portfolios.
Read the paper →Nine structural forces reshaping aircraft hangar valuations, from fleet modernization and institutional capital to PFAS stigma and advanced air mobility.
Read the paper →Fuel margin, hangar revenue, the operating agreement, and why EBITDA multiples get misapplied. Separating enterprise value from the underlying leasehold.
Read the paper →GIPS compliance for hangar and aviation private-equity portfolios: appraisal smoothing, leverage, carve-outs, and the AREPS protocol.
Read the paper →Leasehold interests, partial takings, severance damage, and avigation easements, and why the remaining lease term usually decides the number.
Read the paper →Why floor area is a weak proxy for hangar value, what door height and remaining lease term do instead, and the four-step sequence that replaces it.
Read the paper →The FAA replaced its 2009 Airport Compliance Manual on February 20, 2026. What moved, what held, and what every rate schedule, rent study, and appraisal citing the old order needs now.
Read the paper →Most hangars sit on leased airport land and revert to the sponsor at lease end. Remaining term, not replacement cost, drives value.
Read the paper →A portfolio case for aviation hangar real estate as a diversifying allocation for endowments and the Yale-model institutional investor.
Read the paper →GASB 87 reshaped how government-owned airports account for hangar, terminal, and ground leases. Here are the lease-receivable pitfalls.
Read the paper →Which US airports drew the most hangar and apron directed federal AIP funding over the last five fiscal years, and why the pattern favors regional and general aviation fields.
Read the paper →How runway length, aircraft compatibility, and competitive geography drive aircraft hangar value.
Read the paper →Most hangar assessments fail on classification and functional obsolescence, not arithmetic. What the record needs, and the deadline that governs it.
Read the paper →How asset specificity and reversion without compensation create hold-up risk that raises capitalization rates on airport hangar ground leases.
Read the paper →A hangar ROI framework for institutional allocators: what you are actually buying, the return model, and why the returns are structural rather than lucky.
Read the paper →Who taxes a hangar on leased airport land? A 15-state survey of lessee-user taxes, possessory interests, and outright exemptions, built from statutes, cases, and agency guidance.
Read the paper →A credit framework for remaining lease term versus loan amortization, reversion risk, financeability, and the SBA 504 and 7(a) pitfalls.
Read the paper →The most common and costly hangar valuation mistakes, from treating hangars as warehouses to mispricing ground leases, and how to avoid them.
Read the paper →Operating value, levels of value, and the discounts for lack of control and marketability when selling a stake in an aviation business.
Read the paper →
Where a number reached a paper secondhand, or a document was not separately retrieved, the paper says so rather than rounding it into a fact.
