Steve chats about all things aviation
Off Topic: Pilot Patter
A July 1 article in Aviation International News by Mark Huber reports that one of the nation's foremost aircraft repossession specialists is recommending the banks hold off if possible! Read the full article here.
“We are telling banks 58not to repo,” said Nick Popovich, president of Sage-Popovich, the global aircraft repossession, aviation parts and services company. Popovich said the declining value of used aircraft and the flat resale market make this a bad time to take back airplanes and that the move would only compound banks’ well publicized problems