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Home > Company Index > Transportation > Airlines > Tower Air, Inc.

Tower Air, Inc.
 PROFILE
Though it is weighed down by debt, Tower Air aspires to tower above its rivals in the charter airline market. The company, which has filed for bankruptcy protection, provides long-haul charter passenger air service to a range of international and domestic markets at discounted prices. Tower Air provides chartered flights for tour operators, and it is a major charter-service provider to the US military, the United Nations, and the International Organization for Migration. It has ended its scheduled flights, which included service between New York and Los Angeles; Miami; Paris; San Juan, Puerto Rico; and Tel Aviv, Israel. The family of CEO and co-founder Morris Nachtomi owns about 75% of the company.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 483.80
1-Yr. Sales Growth: 4.8%
Employees: 1,932
Revenue per employee: $250,414.08

 KEY PEOPLE
• Morris K. Nachtomi
    CEO
• Badar Mir
    CFO

 CONTACT INFO
John F. Kennedy International Airport, Hangar 17
Jamaica, NY 11430
US
Phone: 718-553-4300
Fax: 718-553-4312
Online: Web Site

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