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Airplane Repossession

Airplane Repossession. By Victoria B onilla. Description. Airplane 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. Education.

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Airplane Repossession

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  1. Airplane Repossession By Victoria Bonilla

  2. Description • Airplane 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.

  3. Education • You don’t have to go to college or have a good education to be an airplane repo man/woman.

  4. Salary • They earn up to $10,000-$900,000 per plane repossessed.

  5. Lifestyle • Since they can earn up to $900,000 for each plane, they can afford a pretty fancy lifestyle. 4816 Fairway Ct, $2259/month 2013 Chevy Corvette ZR1 $2471.39/month

  6. 10 Facts • There 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.

  7. 10 Facts • When 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.

  8. Citations N.d. Photograph. n.p. Web. 8 Apr 2014. https://www.flickr.com/photos/bombardieraerospace/4699984147/ . N.d. Photograph. n.p. Web. 8 Apr 2014. <http://www.myfoxhouston.com/story/25075703/money-tricks-to-make-you-financially-successful>. N.d. Photograph. n.p. Web. 8 Apr 2014. <http://www.insidejobs.com/careers/airplane-repossessor>. N.d. Photograph. n.p. Web. 8 Apr 2014. <http://www.trulia.com/property/3014151530-4816-Fairway-Ct-North-Richland-Hills-TX-76180>. N.d. Photograph. n.p. Web. 9 Apr 2014. <http://www.cars.com/go/search/detail.jsp?tab=finance&recnum=&actLog=&listingId=130373952&paId=547644512&listingRecNum=204&criteria=feedSegId=28705&rpp=50&isDealerGrouping=false&sf2Nm=miles&requestorTrackingInfo=RTB_SEARCH&sf1Nm=pric&sf2Dir=ASC&stkTypId=28881&PMmt=0-0-0&rn=200&zc=76180&rd=30&crSrtFlds=stkTypId-feedSegId&stkTyp=U&sf1Dir=DESC&tracktype=usedcc&pageNumber=&numResultsPerPage=&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE&certifiedOnly=false&>. N.d. Photograph. n.p. Web. 9 Apr 2014. <http://en.wikipedia.org/wiki/Airplane_Repo>. N.d. Photograph. n.p. Web. 10 Apr 2014. <http://www.nytimes.com/2009/03/14/business/14repo.html?pagewanted=all&_r=0>. N.d. Photograph. n.p. Web. 10 Apr 2014. <http://www.centuryproductsllc.com/dirty-money-and-how-to-avoid-getting-sick/>.

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