How much do Airplane Repo pilots get paid?

A single airplane repo job can net anywhere from $10,000 to $900,000. So the more skilled you are at securing these “payloads” if you will, the more money you can bank, and the stars from the show have managed to make a pretty penny over the years getting these planes back to the companies that own them.

Is it legal to repossess an airplane?

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

Is the Airplane Repo show fake?

Many have charged that the show’s supposed usage of security footage and other raw found footage-style shots is actually highly staged. In reality, Popovich himself has stated that later episodes of the show are not realistic. The further into Airplane Repo you go, the less realistic the show becomes.

How much is Nick Popovich worth?

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.

How much of airplane repo is staged?

UAL T38 Phlyer concluded it was “staged, mindless spectacle for the uninformed” while rightside02 added: Totally staged and a joke, I would guess about 14 percent of what you see is really true. The rest is drama for ratings, which I understand, the public wants drama.

Does Kevin Lacey still repo airplanes?

Season two of Airplane Repo finished in October 2014. At just 20 years old Lacey rebuilt his own aircraft. He has done over 450 repos around the world….Kevin Lacey Net Worth.

How much can a repo man make?

Most repo men are repossessing about four to five vehicles per week, and a trustworthy repo agent who’s at the top of his game can easily clear about $4,000-$6,500 a month. That’s $50,000-$80,000 a year, which isn’t exactly chump change.

How do you become a 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.

Why did they cancel Airplane Repo?

Ken Cage, private jet repo man and TV star, aims to recover Discovery Channel’s ‘Airplane Repo’ from being cancelled as ratings and claims of the show being fake create an uncertain future.

How do you get into airplane repossession?

How much is Mike Kennedy’s repo man?

Mike Kennedy net worth: Mike Kennedy is a Canadian American reality television personality who has a net worth of $2 million. Mike Kennedy is best known for being a cast member on The Discovery Channel’s reality TV series Airplane Repo in which Kennedy serves as an airplane repossession agent.

Who is Heather Sterzick?

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.

What kind of Business is the aircraft Repo business?

The repossession business is about 60% commercial and 40% general aviation. People are especially reluctant to part with privately owned planes. “The last thing airplane owners want to do is give up their airplane and the comfort and flexibility,” he said.

Is there a way to repossess a business jet?

Leading business jet repossession specialists advise aircraft and helicopter lenders and lessors on how to repossess aircraft. From locating priceless paperwork to battling with corrupt jurisdictions, repossessing an aircraft is a position that no lender ever wants to find themselves in.

How does an Airplane Repo Man get the aircraft?

First the bank contacts the airplane repo man about an aircraft. The aircraft must then be tracked through records for fuel purchases, hangar rentals, tie downs, and Federal Aviation Administration records. Next the airplane repo man must travel to the destination to legally steal the aircraft.

How much does it cost to repossess an airplane?

A typical profit margin might be $600,000-$900,000 per job. Certainly though, the existence of professional aircraft repossession specialists should serve as a reminder of just how expensive owning and operating even a small general aviation aircraft can be.