Airplane repossessions, European investigations of possible anticompetitive practices in commercial aviation, United Continental Holdings new CEO in the hospital, the launch customer for the ultra-long-range Airbus A350, the final US Airways flight, and airline growth into Latin America and the Caribbean.
Ken Cage is owner and president of International Recovery & Remarketing Group (IRG). IRG specializes in services such as investigation, recovery, and remarketing of specialty assets, including aircraft and yachts. Their repossession agents are licensed, bonded, and insured by the State of Florida. Ken joined IRG in 2005, and has been involved in thousands of repossessions and investigations in all 50 states, as well as several foreign countries.
Ken describes the process that initiates an aircraft repossession, how the owner is located, the preparation work required, actually taking the airplane, and how it is sold to recover the note-holder’s investment.
We ask Ken where he finds the pilots to fly the planes away, what their role is, and how they contribute to a safe repo. Ken also describes how the Airplane Repo TV series came about, and how closely it matches the reality of Ken’s professional experiences.
Ken is a licensed repossession agent, private investigator, and yacht broker with over 20 years experience in the banking and collections industry. Ken has experience in skip tracing and investigation in the finance sector.
Ken has been a member of many organizations related to the investigation field including American Society of Industrial Security, the International Society of Healthcare Safety and Security, the National Association of Chiefs of Police, Aircraft Owners & Pilots Association (AOPA), National Aircraft Finance Association (NAFA), and International Association of Marine Investigators (IAMI).
As an extra surprise, our Main(e) Man Micah joins us this episode as a guest co-host!
IATA and the European Commission are looking into possible anticompetitive practices in the marketplace for aircraft, engines, spare parts, and maintenance services. IATA says they are looking into the problem. The EC hasn’t launched a formal investigation, but is “closely monitoring competitive conditions as regards maintenance of engines and components of large commercial aircraft.” [Article WSJ paywall]
United Continental Holdings Inc’s new CEO Oscar Munoz has suffered a heart attack, just weeks after he took the job.
Singapore Airlines has signed an agreement to be the launch customer for the new A350-900ULR, an ultra-long-range variant of the Airbus A350. This will let them resume non-stop flights between Singapore and the United States.
Singapore Airlines has 63 firm/20 option A350-900s on order. They will convert 7 firm and 4 options to the -900ULR, which will have a range of up to 8,700nm. The Airline also has 20 purchase options, four of which will be converted into firm A350-900 orders. This results in 67 firm A350s and 16 options.
Singapore Airlines operated non-stop flights between Singapore and both Los Angeles and New York with A340-500s until 2013, when the airplanes were retired.
An Airbus A321 became the last US Airways branded flight when it landed in Philadelphia. From now on they’re all American Airlines flights. The plane was designated as Flight 1939, named for the airline’s founding year.
Southwest, JetBlue, and Spirit are adding destinations to Latin America and the Caribbean. A strong U.S. dollar makes overseas travel attractive for Americans, and a growing Latin American middle class has more disposable income and looks to travel to the U.S.
The Airplane of the Week
David continues his Journey to the Force awakened by discussing the Seinar Fleet Systems TIE Fighter and it’s derivations. It has almost as many variants as a C-130. Almost but not quite.
Across the Pond
Pieter talks to Gary Wilson from Routeshoot, a smartphone and tablet app being utilised for aviation. It is designed to record video and tag GPS coordinates together so that the user can see where and when they were at a location, along with a video record. Pilots are using it for IFR purposes and commercial organisations such as utilities are using it to track their products and equipment filmed and coordinated using helicopters and UAS. Follow them at @RouteShoot.
Spicewood Airport 88R video.
Post photo: Ken Cage is the guy on the left. The big guy on the right is bounty hunter, MMA fighter, and champion power lifter Danny Thompson.
Opening and closing music courtesy Brother Love from the Album Of The Year CD. You can find his great music at brotherloverocks.com.