Should asset repossession become unavoidable, however, IBA's technical service team will support clients to achieve the quickest and most advantageous outcome, preserving client asset value and protecting their interest.
We have extensive global experience of aircraft repossessions and of repossessing engines in both work-out and default situations. Carefully appraising the individual circumstances of each case, we provide the aircraft and engine owners we represent with specific recommendations that will produce optimum results: repossession or agreeing the continuation of operations.
Reinforced by the strategic capability our peerless InsightIQ intelligence platform affords, our remarketing team can respond quickly to clients' requests for help to decide if repossession is the wisest course of action.
With technical resource and expert technicians to inform our advice, IBA can arrange the re-registration of assets and, once return has been achieved, conduct exhaustive assessments of their condition.
In situations where aircraft repossession or the retrieval of other assets must be organised from sites within overseas jurisdictions, we can quickly evaluate the local legal systems and their robustness as well as those that apply in the asset's subsequent destination. Though intricate, IBA's experience means the necessary processes are fully completed without lengthy delays.
No two cases are exactly alike and, mindful of the significant cost implications of asset repossession, we balance our guidance to serve each client. Even in circumstances where lease rental or debt payments are not being met, we may suggest the asset's lessor or lender has a temporary monitoring team on site so aircraft and engine records, manuals and technical logs can be safeguarded and fully recovered.
As custodians of many years' industry benchmark repossession data covering commercial, private and business jets, engines, helicopters and landing slot valuations, IBA's teams can provide prompt and detailed repossession cost analysis when clients need it.