Valuation of an aviation business includes an operational and financial performance review on a retrospective and prospective basis. This review identifies and evaluates each income stream and how the assets are being used to generate the company’s earnings. By way of comparison to verified industry sales transactions, an appropriate earnings multiple is established and adjusted to account for various tangible and intangible variables that have an impact on value. This approach has been accepted both within and outside of the aviation industry as the most practical method to estimate the value of an aviation business on a going concern basis.