Does anyone know of any airplane repo companies. In these tough times, people have got to be loosing their toys.
The problem I could see is that the people do not have the money to make the payment, so probably are overdue on maintenance as well, and you might not be flying a legal aircraft. Also what are the odds all of the required documents are in the airplane? Nice way to lose all your certs in one fell swoop if you were unlucky enough that "someone" found out.
http://www.vesselextractions.com/
"Once the aircraft is located, a plan of extraction is developed that includes a number of contingency-based options. A VessEx extraction team can be placed on location allowing the required surveillance and planning to be performed locally. VessEx usually seeks to enlist the aid of local insiders, often a necessary component of a successful aircraft extraction. After proper preparation, including necessary arrangements with authorities and other locals, the confirmation or delivery of adequate fuel, performance of any required repairs, and the selection of proper weather and airport conditions, the team will board the aircraft and deliver it to the desired location."
They actually say that they have a system set up to make sure their ducks are in a row. I know that other types of repossessors have to be familiar with laws and regulations. I'm sure these folks know what they're doing.