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An aircraft repossession is never a cheap option and is not favoured. Often an aircraft might be impounded by the airport for unpaid fees (landing for example). It is why where possible if there is another way then it will be explored and options will depend on customer and market.
Lender's guide to aircraft repossession Sign a tripartite agreement beforehand. ... Establish a good relationship with the operator. ... Carry out as many inspections as possible. ... Know where the records are. ... Assess whether repossession is really worth the cost. ... Think about the resell. ... Hire a repossession specialist.
In Ontario, this requires two years of experience and a passing grade on a government exam that covers several acts, including the Personal Property Security Act and the Commercial Tenancies Act.
For the work, pilots get anywhere from $500 to $1,700 per day?plus expenses. But how do pilots get those repo jobs? Usually through someone like Nick Popovich. Popovich, the president of sage-popovich, is one of the kings of airline repossession.
To get started in this job, become a licensed pilot. Learn how to fly as many types of aircrafts as possible. Contact banks about jobs or make contacts with a repossession company. Besides planes, many companies also dabble in boat repossessions.
UAL T38 Phlyer concluded it was ?staged, mindless spectacle for the uninformed? while rightside02 added: Totally staged and a joke, I would guess about 14 percent of what you see is really true. The rest is drama for ratings, which I understand, the public wants drama.
How much does a Repossession Agent make in California? The average Repossession Agent salary in California is $61,365 as of October 25, 2023, but the range typically falls between $49,530 and $70,973.