PPRuNe Forums - View Single Post - Watch out with this guys in Congo DRC.
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Old 27th Feb 2009, 11:47
  #65 (permalink)  
Mobotu
 
Join Date: Aug 2002
Location: Kinshasa DRC
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Repossesion....

Now I know this is an aviation forum and most of us are pilots and so the mystical world of finance is limited to per diems and so forth but to "reposses" an aircraft does not necessarily mean you lose it altogether but rather you have to re-finnance and re-negotiate your terms (Kind of like an ex-wife)
They may well have sorted out their problem for the moment however once bittten twice shy and pilots and leasing companies will be more cautious when dealing with them in the future.
The point about most of them is that they DO have the money to pay you however they choose NOT to.
Reco if you what to be their night in shinning armour then by all means pack your bags and head for the emerald city - unless that is they already know you!
Mobotu is offline