How much do airplane repo guys make?

Every plane that is repossessed is delivered back to the bank for a 6% to 10% commission of the resale price. That could mean anywhere from $10,000 to $900,000 per plane. Consider that an airplane repo man could feasibly grab 30 planes in 2 months…it’s easy to see why airplane repossession companies make millions.

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What is Kevin Lacey doing now?

At just 20 years old Lacey rebuilt his own aircraft. He has done over 450 repos around the world. Lacey resides in McKinney, Texas where he co-owns the business Texas Air Fleet/Rangers.

How do you get into airplane 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.

Is it illegal to repo a plane?

Under the UCC, a secured party may repossess an aircraft if it can do so without breaching the peace.

What is Danny Thompson’s net worth?

Danny Thompson is an American reality television personality who has a net worth of $400 thousand.

Is airplane repo scripted?

I’ve watched reality shows ever since MTV introduced them in the early 1990″s and admitted to the viewers that most dialogue was scripted. In addition most segments were reshot, edited, rewritten etc. Airplane Repo is sadly a total fake, please.

Who is Heather Sterzick?

‘Repo’ pilot. Heather Dirksen (née Sterzick) hasn’t let grass grow under her feet. She joined the U.S. Army at age 18 and has lived in South Korea; Abu Dhabi; Kosovo; and briefly in Afghanistan, where she was a contract air traffic controller.

How do I start an aircraft repossession business?

In most cases, you’ll need to register your business with the state, show proof of insurance and pass a background check to obtain a repo license if required. Depending on where the plane is located, you or the bank may need to inform the owner of your intention to repossess.

Does Nick Popovich still repo planes?

Nick Popovich is an aircraft-repossession specialist in Indiana. Since 1979, Popovich and his team have repossessed 1,986 planes and helicopters.

Is airplane repo coming back?

The Airplane Repo crew are back for another season as they continue to scour the ends of the earth to hunt down and recover high-value toxic assets from the nation’s wealthiest “1%.” This season will dig deep into the minds of these high flying daredevils to find out what makes them tick.

How much is Nick Popovich worth?

$2 million
He is an “aircraft repossession specialist” who never finished college but who has a net worth of more than $2 million, drives a Bentley, chain smokes cigars, and owns the oldest aircraft repossession service in the world.

Is Mike Kennedy still alive?

Mike Kennedy, who was George Strait’s drummer for nearly 30 years, was killed Friday in a car accident in Tennessee. UPDATE: George Strait has released a statement regarding the death of his longtime drummer Mike Kennedy, who was killed in a car accident on Friday.

Who is the creator of Airplane Repo?

This has evolved into a glut of bounty hunter and repo shows of people taking back expensive possessions on which the owners have defaulted on payments. This was the idea behind Airplane Repo. The brainchild of executive producers Matt Renner, Dan Ilani, Ethan Prochnik, and Joseph Boyle.

How to become an Airplane Repo person?

To be an airplane repo person, you’ll also need to be able to fly a wide range of different planes from different makers. You never know what kind of plane you’ll be asked to retrieve, and so you have to be ready to be a Flying Jack of All Trades and, indeed, All Planes.

How much do airplane repossession companies make?

What happened to enter Airplane Repo on Discovery?

Enter Airplane Repo. The Discovery Channel reality series claimed to offer what it says in the title, repo men taking airplanes from people who couldn’t pay the bills. What Happened to Airplane Repo?