Over the Top Aviation

Jeff Soules, Over the Top Aviation | Aerospace Defense Review | Most Reliable Aircraft Appraisals ServiceJeff Soules, Owner and President
In the aircraft appraisals ecosystem, where it is vital to work with someone who has proven expertise, Jeff Soules’ integrity and comprehensive appraisals are exceptional.

As the owner and president of Over the Top Aviation, DBA US Aircraft Appraisals, Soules provides certified appraisals for all types and sizes of airplanes and helicopters. With 30+ years in aviation and 25 years of appraisal experience, Soules is the go-to expert for insurers and law firms. He stays in compliance through Uniform Standards of Professional Appraisal Practice (USPAP) training provided by the Professional Aircraft Appraisal Organization, where he is a member and Senior Certified Appraiser. Soules also has Inspection Authorization (IA), granted by the FAA, allowing him to inspect aircraft after repairs. These credentials, combined with his litigation experience, make Over the Top Aviation a trusted partner for damage assessments, diminished value evaluations and litigation support.

“The IA enables me to inspect aircraft after major repairs or alterations. I’m certified for that and get trained periodically—it supports everything I do on the litigation side,” says Soules.

Guiding Aircraft Owners through Appraisal Process

The first step in Over the Top Aviation’s appraisal process is identifying the client and the purpose of the appraisal—whether it’s for banking, resale, insurance or litigation. Soules, who frequently works with banks, ensures the intended use is clearly documented in the final report. Once the objective is defined and initial details are gathered, it’s time for an on-site inspection.

  • The IA enables me to inspect aircraft after major repairs or alterations. I’m certified for that and get trained periodically—it supports everything I do on the litigation side

During the inspection, he captures detailed pictures of several parts, including the exterior, interior, avionics, tires, propeller and onboard equipment, to assess their condition. He thoroughly examines every detail and, in the case of corporate jets, reviews entertainment systems, galleys and restrooms. He also checks de-icing systems, including heated leading edges, noting any dents or damage to the surfaces.

This is followed by a logbook and documentation review to track the aircraft’s damage history. He also analyzes FAA and National Transportation Safety Board records to identify any past incidents, accidents or modifications—particularly supplemental type certificates, which can affect the aircraft’s overall value.

Once all the data is verified, Soules compares the aircraft to at least two similar models using trusted resources like JetNet, AMSTAT, Blue Book and VREF. He evaluates listings, sales history and engine time and specs to determine market value and prepares a detailed report with proper legal verbiage to ensure complete clarity.

The Difference a Certified Eye Can Make

There are several instances where Soules made a significant impact on clients. A client had invested significantly in upgrading his aircraft and believed its worth was around $1.5 million. However, the insurance company took a typical Blue Book approach and offered only $800,000 in coverage. They agreed to reconsider if a certified appraisal was provided. Soules stepped in with a thorough inspection, research and deep market insight, valuing the aircraft at $1.6 million. Backed by the certified report from Over the Top Aviation, the client returned to the insurer, who then raised coverage to reflect the true value. This is a strong example of how Soules’s expert appraisal restores trust and protects client interests.

Another example would be an aircraft that is damaged while at an FBO and insurance covers the cost of damages, but the owner might want to claim additional compensation due to diminished value because the aircraft now has a damage history. This is where Soules gets involved, brought in by either the aircraft owner or the insurer to assess the situation. He performs two appraisals, pre- and post-incident, to determine actual loss. Soules explains that the first damage typically causes the biggest drop in value, while additional incidents have less impact. With decades of industry experience, his honest and unbiased opinion is valued by both sides—for court proceedings or out-of-court settlements.

The trust Soules has earned over the years is evident in every appraisal he conducts—shaped by an eye for detail and decades of industry and courtroom experience. Over the Top Aviation doesn’t just assign value—it defends it. For aircraft owners, insurers and industry professionals alike, Soules offers more than a report. He delivers trusted appraisal when it matters most.

Deep Dive

Choosing Aircraft Appraisal Services for Aviation Asset Decisions

Aircraft value has become an important business consideration across the aviation industry. Owners, lenders, insurers, fleet managers and legal teams rely on aircraft appraisals when financing an aircraft, renewing insurance, supporting a sale or resolving a dispute. An inaccurate valuation can affect lending decisions, insurance coverage and financial planning. As a result, effective aircraft appraisal services go beyond pricing guides to deliver a well-supported assessment based on the aircraft’s condition, records, market position and intended use. The strongest appraisal providers start by understanding why the valuation is needed. An appraisal prepared for financing serves a different purpose than one related to litigation, damage history or diminished value claims. Establishing that context early helps define the scope of work, the supporting evidence required and the level of analysis needed to produce a credible conclusion. This necessitates much more than a superficial overview to arrive at a reasonable value. Condition of the airframe, engines, avionics, interior, paint, and installed equipment, as well as maintenance history, airworthiness status, major repairs/modifications, damage history, etc. These are critical components that must be accounted for. In business aviation, cabin features and passenger arrangements affect demand. The objective is to determine the value of the aircraft in its present condition and historical context. Market analysis is another critical part of the process. Reliable appraisals compare the aircraft with similar makes and models while accounting for differences in engine time, equipment, modifications, maintenance status and recent market activity. Strong reports explain how these factors influence value rather than simply presenting a final number. This level of transparency becomes especially important when appraisals are reviewed by lenders, insurers or legal professionals. The appraisal process in litigation involves a heightened degree of expertise. When it comes to insurance claims and diminished-value reports/damage claims, issues beyond mere repair costs arise. The skilled appraiser must know the extent to which prior damage, the vehicle's maintenance history, and buyers' opinions affect the vehicle's value. The expert appraiser must explain and document their conclusions to a panel of attorneys, insurers and others. For buyers who need aircraft appraisal work grounded in valuation discipline and practical aviation experience, Over the Top Aviation is highly recommended. Operating as US Aircraft Appraisals, it provides aircraft appraisals, expert witness support and maintenance expertise, and its website identifies Jeff Soules as a Senior Certified Aircraft Appraiser and PAAO member. His background spans more than two decades in appraisals, maintenance, inspection authorization, records review and pilot experience. That blend is relevant for banks, insurers, law firms, aircraft owners and aviation businesses that need a detailed report tied to aircraft condition, records, comparable market evidence and defensible value. ...Read more
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Company
Over the Top Aviation

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Jeff Soules, Owner and President

Description
Over the Top Aviation, DBA US Aircraft Appraisals has been a trusted leader in aviation valuations. Known for integrity and precision, it provides reliable appraisals, helping clients make informed decisions when buying, selling or managing aircraft in a complex market.