Airplane Repossession

Airplane Repossession

Airplane RepossessionBy Victoria Bonilla1DescriptionAirplane repo people tow airplanes when the owner cannot afford to pay for it. They earn 6-10% of resale price of planes they tow. They earn up to $10.000-$900,000 per plane repossessed.

EducationYou dont have to go to college or have a good education to be an airplane repo man/woman.

SalaryThey earn up to $10,000-$900,000 per plane repossessed.

LifestyleSince they can earn up to $900,000 for each plane, they can afford a pretty fancy lifestyle. 4816 Fairway Ct, $2259/month2013 Chevy Corvette ZR1 $2471.39/month

10 FactsThere is a television show called Airplane Repo.Its usually hard to track down the airplanes.From one airport to another; their workspace is never definite.A propeller lock, a portable radio, hand-held GPS device and a fanny pack stuffed with hundreds of keys is their tools. They can usually find a master key that opens the plane door. If not, he calls a local locksmith.

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10 FactsWhen a borrower is 60 days behind on payments, it is then repossessed.Most times, the pilot/owner surrenders his or her plane.Other times, the fly away on their planes to escape the repossession.The easiest method: they track planes by where they buy fuel (online receipts)About one in four defaulters agree to make payments current.CitationsN.d. Photograph. n.p. Web. 8 Apr 2014. https://www.flickr.com/photos/bombardieraerospace/4699984147/. N.d. Photograph. n.p. Web. 8 Apr 2014. .N.d. Photograph. n.p. Web. 8 Apr 2014. .N.d. Photograph. n.p. Web. 8 Apr 2014. .N.d. Photograph. n.p. Web. 9 Apr 2014. .N.d. Photograph. n.p. Web. 9 Apr 2014. .N.d. Photograph. n.p. Web. 10 Apr 2014. .N.d. Photograph. n.p. Web. 10 Apr 2014. .