This week saw sage-popovich complete it’s 2,000th aircraft repossession in the 44-year history of its company.
It is understood that a Bombardier CRJ-700 was the 2,000th aircraft in question that was returned from an East Coast Airport.
Without further ado, let’s get into it…
sage-popovich Completes 2,000th Aircraft Acquisition…
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Petar Todorovic, the President of sage-popovich commented on this milestone:
“The recovery of our 2,000th aircraft represents more than 2,000 complex problems resolved for our clients. It’s much more than just the recovery of property.”
“For many of the entities we serve, these recoveries mark the end of long and arduous challenges.”
“I can say that on behalf of our entire staff, there’s no greater feeling than delivering peace of mind to our customers”.
Adding to this was the Chairman, Nick Popovich:
“Over all these years that we’ve been in business, we’ve certainly seen our fair share of clients with unique recovery needs.”
“Some of which have even seemed impossible at first. But one thing our company takes great pride in, especially under the leadership of Petar and our management team, is our unwavering commitment to exceeding the expectations of each and every one of our clients.”
“We end the headaches that others cannot.”
Things are looking up for the company, instead through air travel recovering, thus there being a need for more of their services:
“Aviation has certainly recovered, and airlines are flying. We are above pre-covid levels in most domestic markets for air travel, and international is not far behind”, Todorovic said.
“However, smaller airlines and business jet operators, especially those with high debt or a fleet of mainly leased aircraft, are feeling the strain due to higher interest rates, supply chain disruptions, and operating expenses.”
“Rising rates are making it difficult for companies to refinance notes that are coming due, and banks have tightened their lending standards on their aircraft”.
All eyes are on them to see how long it will take to do another 2,000 aircraft repossession-based projects.
