Originally Posted by
SmitteyB
He buys the airplane from the bank for cheap then refurbs and sells them.
It seems doing repos is asking for a violation - granted, I don't know the first thing about the operation, but if somebody isn't making payments on their plane, they're probably not maintaining it. No AD compliance, no annuals, bird's nests in the engines, flat tires, etc. I really wouldn't want to fly it and put my life and ticket on the line. That Lear on the show last night hadn't been started in 3 months and had oil pouring out of the nacelles.
It may be totally legit, but that sort of thing isn't my bag (baby).