Airplane RepossessionBy Victoria Bonilla

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

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

Salary

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

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

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.

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.

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.

<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/>.