Times Are Good For The Private Jet Repo Man

by Deidre Woollard (RSS feed)
Jun 7th 2009 at 8:01AM

Ever wonder what happens when private jet owners can't pay the bills? Salon has a piece on Nick Popovich of Sage-Popovich, Inc., a firm that repossesses private jets. Popovich could easily write a book about his adventures. He's wound up in jail and faced down threats and all sorts of dangers in order to get planes out of the hands of those who can no longer afford them. The economy has been unkind to the wealthy lately and as you might expect, Popovich's business is booming. His specialty is jumbo jets and he has repo-ed 1,300 of them earning six-figure fees in the process. The jobs vary in level of difficulty, he's flown around the world to chase down private jets and recently was charged with retrieving 240 corporate helicopters from a chain of flight schools. The article makes for fascinating reading and Popovich sounds like a ready-made lead character for a thriller, an adventurer with a cool head and quotes like "It's like a giant chess game, and the stakes can be your life."

Tags: jet, nick popovich, NickPopovich, private jet, PrivateJet, repo man, RepoMan, sage popovich, SagePopovich