Aircraft Repossession, Recovery and Legal Services
Premier provides an efficient aircraft repossession service in the event of a payment or other default results in a breach of an existing lease contract or financing agreement. Premier will ensure this is done professionally, through its legal, technical, commercial and administrative assistance, and will strive to retrieve the aircraft, major components and all relevant historical and maintenance records to minimize any loss in aircraft value during a difficult process.
Recovering an aircraft is an event that requires a considerable degree of pre-planning and coordination of resources. It is important, especially in the aftermath, to execute the recovery correctly and in compliance with applicable laws, law enforcement and regulatory agency requirements. Our team has the understanding, experience and critical competencies required to plan, coordinate and execute a successful aircraft recovery.
Premier can also recommend and implement the most appropriate remarketing strategy required to place your aircraft as rapidly as possible, again to limit the financial exposure which is normally incurred following a default.
Premier coordinates & manages the entire repossession and off-lease period using various specialist providers to supply necessary services including managing all reconfiguration / modification / overhaul services required:
- Insurance
- Flight Crew
- Registration Services
- Technical Audit and Inspection
- Storage & Continuing Maintenance
- Engineering Oversight
Legal Counsel Technical Support
We are an aviation advocate and Premier Jet Aviation technical experts are routinely requested to assist legal teams in a variety of ways.
- Expert Witness Testimony
- Contracts Development for Pre-Purchase Inspections
- Records Analysis
- Compliance Audits