5) Airplane Repo
When someone stops making payments on an airplane, the bank hires a re-possessor to get it back for them. There is a great deal of legwork involved in making sure paperwork is in order, that laws of the local jurisdiction are being followed where the plane is being taken from, and that safety logs have been located. Sometimes, if the owner is not cooperative, tracking down the plane can be an ordeal as well. The person doing the legwork may also be a pilot, picking up and flying the planes, or he may have a network of pilots on call to do it for him. Some private airline pilots do this in their spare time. Income varies on the type of plane being repossessed, but a repo person can take home $10,000 to $90,000 on one plane alone.
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