Repossesions

IBA has significant experience repossessing aircraft and engines in both work-out and default situations. Aircraft on lease to defaulting airlines can be monitored on site for a period of time so as to provide banks, lessors and investors with real time information, enabling critical decisions to be made.

We will analyse situations on a case by case basis and provide our recommendation to either repossess aircraft and engines, or allow continued operations by taking full account of the high cost implications of repossession. Even when an airline is not making lease rental or debt payments, it may be preferable for the lessor or lender to have a monitoring team on site, for a fixed period of time, so that aircraft and engine records, manuals and technical logs, can be recovered in an orderly manner. This may not be possible when an aircraft or engine is seized at short notice.

Aircraft and engine recovery or repossession is a complex business. Airframe and engine records recovery, maintenance status, insurance, ferry flight, storage and aircraft remarketing can all be covered under a bespoke schedule of aircraft recovery services. IBA can advise on the practicalities of all these aspects including cost implications.