You're always hearing stories of an airline's planes being repossesed or impounded to the incomvenience of passengers. Most recently I can remember the Varig incident at CDG a couple of months ago with their 777 for nonpayment of lease. Also there were the Ghana AIrwyas incidents at LHR over the past few years.
The only time I ever witnessed a repossession was at MAN last year when Canada 3000 filed for bankruptcy and ceased operations. The plane was repossesed by the lessor after the airline had stopped flying.
It always seems that ILFC is the major aircraft lessor inpounding on a regular basis, and I'm wondering what the procedure is. Do local law enforcement get involved. Do ATC have orders mot to let the place takeoff? Do they (ILFC, or police) prevent the crew from getting on board? What is passengers are on board or have already boarded the place? What actually happens? If the airplane is impounded, where will it be stored? Will the leasing company be responsible for flying it out? Has anyone been on a flights where this happened, and if so what did the airline do to assist the situation?
I also remember when TWA abrubtly discontinued service to TLV out of fear that thier 767 used on the flight would be impoinded by Israeli Airport Authorities for some non-payment of this or that. American made the decision and replaced the flight with one of their own 777 or something.