IRG creates Aviation Sales & Consulting Group
International Recovery Group (IRG) has created Aviation Sales & Consulting Group (ASCG), a new corporation with a focus on global sales and consulting for all types of aircraft.
IRG has been able to consistently sell distressed aircraft for well over asking prices. The asset recovery firm attributes this success to president of operations Ken Cage’s role in the hit TV show “Airplane Repo” and because it is the first company to hold national aircraft and vessel contracts with the US federal government.
“This idea came to us when I posted recent sales results on social media,” said Cage (pictured). “Retail brokers commented that our results were too good to duplicate. We continued to track our results and saw that we were consistently achieving results other brokers said we could not. Based on the results, we felt we had to expand our services.
“On our last 12 sales, for example, we have achieved 137% of the asking price on average. More importantly, every sale was completed in just 20 days.”
Despite this success, Bob Weeks, president of sales for ASCG, noted that there was a perception problem that came along with a “repo company” selling its assets.
“Creating a retail entity to sell luxury assets allows us to continue to use the proven process while shedding the negative perception,” he said.
ASCG has also announced a partnership with Airborne Services, a global supplier of aviation services based in Dallas, TX. Airborne has developed a large clientele in Latin America and has targeted that area as one with a need for ASCG’s services. The partnership will see ASCG bolster Airborne Services’ ability to sell aircraft.
You can read Corporate Jet Investor’s interviews with Ken Cage here:
- Q&A: Ken Cage from Airplane Repo takes back private jets for a living
- Airplane Repo’s Ken Cage denies show is fake, fights for second season
- Return to lender: Airplane Repo’s Ken Cage on season four