ICF (NASDAQ:ICFI), a global consulting and digital services provider, today announced the launch of Truebook, an online platform for aircraft valuation that uses proprietary appraisal methodologies to provide accurate and comprehensive assessments.
Truebook integrates ICF's industry-leading appraisal methodology, enabling airline executives, investors and lessors to make informed decisions that strengthen their aircraft portfolios and transactions. Backed by multidisciplinary teams of former aviation industry executives and International Society of Transport Aircraft Trading (ISTAT)-certified appraisers, as well as a robust spare parts transaction database, Truebook provides more information to stakeholders throughout the transaction process. Its multi-user and mobile-friendly access enables end users to easily navigate the data and find values based on an aircraft's unique specifications.
"The combination of our rigorous appraisal methodology with the accessibility, speed and cost-effectiveness of a digital platform offers stakeholders the information they need to make quicker and better informed financial decisions," said Stuart Rubin, Vice President at ICF. "Truebook brings more accuracy, certainty and confidence to aircraft portfolio management and purchasing."
The online platform offers the insights of ICF appraisers, who examine the overall value of the aircraft as well as its major components including the engine and landing gear. This approach provides more integrated values over the lifespan of the aircraft, from delivery to disassembly. It also incorporates aircraft utilization and maintenance schedules to forecast value over time, and it will enable users to evaluate risk and model returns more precisely, which leads to more accurate value estimates.
With Truebook, ICF adds another platform to its portfolio of proprietary, industry-leading technologies including Tally®, a loyalty and customer relationship management platform, and Sightline™, a customer data program that is currently used by utilities to monitor program performance and develop personalized energy communications that improve customer engagement.
Truebook is powered in association with CAPA - Centre for Aviation and CAPA Fleets, a recognized provider of high-quality global commercial fleet data.