Aircraft Repossession
Acumen Aviation helped an Irish client successfully manage and control multi-billion dollars exposure due to bankruptcy of a major airlines.
Situation Overview
Due to the recent bankruptcy of a major airlines in a difficult jurisdiction, the client appointed Acumen to repossess their aircraft.
The challenge was to bring the aircraft and their records to the delivery standards for successful re-marketing, and mitigate loss in value.
Acumen Solution
Acumen Aviation managed the repossession as a single point of contact. The aircraft were repossessed simultaneously using a team of multi-national professionals in various jurisdictions. The operational on-site and off-site teams worked in tandem to bring the aircraft and their records to a satisfactory standard of Asset Management.
The Result
The aircraft were repossessed successfully and the value of the aircraft was preserved.