Failing a mutually agreed restructuring, the lender or lessor is left with no alternative but to take swift action for early termination, collection of records, and asset repossession.
STAR Aero Services takes the difficult task of repossession off your hands and ensures preservation of your asset value.
We use our expertise and network of professionals to:
- Physically recover the asset and all necessary records
- Coordinate with the lender or lessor and its legal counsel
- Coordinate with the local Civil Aviation Authority
- Arrange flight crew, fuel, en-route planning, landing location and storage
STAR Aero Services has the experience and expertise to repossess engines separate from the aircraft itself.
This comprehensive service includes:
- Scheduling the crew and the appropriate tooling to remove the engine
- Arranging the arrival of shipping stands for engine installation
- Preserving and preparing the engine for shipment
- Working with the freight forwarders for transportation to the owner’s location
Logistics are provided in the most cost-effective manner possible, and all in accordance with the engine manufacturer’s guidelines and approved manuals.