The Discovery Channel has not cancelled its "Airplane Repo" show. The third season, which is the latest season of the show, premiered on July 15, 2015. It airs every Friday at 10 p.m. EST or 9 p.m. CST.
The current season of "Airplane Repo" is a reality TV show starring repossession agents Ken Cage, Danny Thompson, Mike Kennedy, Kevin Lacey and Heather Sterzick. The show debuted on the Discovery Channel on Dec. 12, 2010. In each episode, banks hire these agents to repossess private jets, including damaged airplanes, from individuals who fail to make payments. These agents need to deal with altercations with owners of the airplanes and the dangers of flying the unfamiliar airplanes.