Saturday, March 14, 2009

Airplane Foreclosures Skyrocket

How dare these people take out risky loans they knew they couldn't afford?
Mr. Hill is an airplane repo man, one of the best and busiest in the business. With the economy sinking and the general aviation industry suffering, Mr. Hill is working flat out as he makes his way from one airport to another...

Mr. Hill, who lives in Santa Barbara, Calif., said he typically repossessed about 30 planes a year, ranging from propeller-powered Piper trainers to twin-engine Gulfstream business jets. Last year, he brought in 50 aircraft. This year, “it could be 100,” he said.
Republicans can't blame this on poor people.

(h/t NYT)

4 comments:

Lew Scannon said...

It is poor people's fault. If they had worked a leetle bit harder, they would be able to afford to charter more planes, thereby saving the charter airplane industry.

K. said...

I'm just breaking down in tears over this one...

Kvatch said...

"I'm sorry sir, we're towing your plane to the impound lot!"

abi said...

As Marie Antoinette might say, let them fly coach.