Flathmann & Stern

Aviation Debt Collection

Aviation is a dynamic industry with high dollar transactions.  If everything goes as planned, then it is business as usual, but as soon as there is a problem it can snowball into bigger problems.  For instance, with Boeing and Airbus, there were and are many supply issues.  These problems can create nightmares when there are over a thousand different suppliers for an aircraft.

When business does not run as scheduled and you extend credit terms that are not met, where do you turn?  Do you turn to a general collection agency?  Or would you rather deal with an aviation industry specific collection agency?

What makes an aviation debt collection different?  An aviation collection agency understands the specific laws pertaining to the transportation industry.  They understand how to collect air cargo claims, aircraft loan payments, charter debt collection, fixed base operator (fbo) debt collection, and other aviation debts.  Aviation is a very specific industry and it is always best to use a collection agency that understands the business you are in.  There are different laws in regards to aviation law whether the business be national or international or involves 2 parties from different parts of the globe.

Aviation debt can be a huge problem for businesses, because the balances are so high.  If a charter company extends many flights to a trusted customer, but this customer falls into hard financial times, then the charter company could be in serious trouble if they are not able to collect the past flights.  The charter company might not be able to maintain operations if they have a couple of customers that are unable to pay.  Always turn to an experienced aviation debt collection agency when trying to collect your bad debt, otherwise you could be in a dangerous financial position.

Good luck with your aviation debt collections!

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