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- February 16, 2021, 12:19 PM
Aircraft repossessions are not as wild or adventurous as portrayed on television, according to Ken Hill, president and CEO of Business Aircraft Sales Corp. Speaking in a recent webinar sponsored by VREF, Hill who has conducted hundreds if not thousands of aircraft repossessions during his career described most of the TV portrayals, where repo men break into hangars under cover of night and spirit away aircraft, as fiction.
“I’ve watched some of those shows for about 10 or 15 minutes and I’ve seen them break the law about 10 times,” he said. “I want to make sure that what I do is legal…and within the context of state law that I’m in, and I want to make sure that the liability of the bank is protected 100 percent.”