We don't have them in Malaysia yet because we are not affluent enough to afford planes.
In Malaysia we only have the dreaded car repossessor. Losing a plane is probably not as bad as losing a car especially in this country where public transportation is a bloody disgrace. Here, losing your car is like losing your legs. Depending where you live having no car can mean total immobility and great inconvenience. Our capital city Kuala Lumpur has one of the worst public transport system and the worst taxi drivers in the world and drivers of such bad attributes you can't imagine how they were allowed to be in such profession in the first place.
With the downturn and for those that have lost their jobs life will be tough and the car repossessors would be as busy if not busier than the plane repossessor in the following story:
Foreclosing on a Plane, Then Flying It Away
Ken Hill’s last business trip took him through eight states in January and netted him 12 planes. His current one is a 30- to 45-day trip for 27 more planes, his biggest ever.
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, carrying just a few basic tools — a propeller lock, a portable radio, hand-held GPS device and a fanny pack stuffed with hundreds of keys. “I’m busy, always on the move, up early in the morning, late to bed at night,” Mr. Hill said in a telephone interview from his hotel in Knoxville, Tenn., between repossessions in January. “My wife never asks me where I’m going. She just says, ‘Call me when you’re there, and tell me where you are.’ ” Read more...