What unique right does a holder of a security interest have?

The correct answer highlights a fundamental principle of the secured transaction framework, particularly in aviation law. A holder of a security interest has the right to take possession of the property without judicial process, a concept often referred to as "self-help" repossession. This right is significant because it allows lenders or secured parties to reclaim their collateral promptly if the borrower defaults on the terms of a loan or lease agreement.

In aviation, this means that if an aircraft is used as collateral for a loan, the lender can repossess the aircraft without needing to go through lengthy court proceedings. This efficiency is particularly important in the aviation industry, where aircraft can quickly depreciate in value, and lenders need the ability to act swiftly.

The other options do not accurately reflect the typical rights of a holder of a security interest. For example, operating the aircraft without permission would violate ownership rights and regulatory frameworks. Selling the aircraft without the owner's consent would circumvent the legal autonomy of the owner, while influencing maintenance schedules does not fall within the typical rights conferred by a security interest. Overall, option B encapsulates the critical right that ensures protected parties can manage their collateral effectively.