| Business Summary | | First
Aviation
Services
Inc.,
together
with
its
wholly
owned
subsidiaries,
Aircraft
Products
International
Ltd.,
API
Asia
Pacific
Inc.
and
its
majority-owned
subsidiary,
Aerospace
Products
International
Inc.
(API),
is
engaged
in
distributing
aircraft
parts
and
components
to
the
aviation
industry
worldwide.
The
Company
distributes
the
products
of
over
150
parts
and
component
manufacturers
and
suppliers,
and
provides
the
aerospace
industry
with
third-party
logistics
and
inventory
management
services.
Most
of
these
manufacturers
and
suppliers
are
committed
to
servicing
aftermarket
customers
solely
through
wholesale
distributors
such
as
API.
Distributors
add
value
to
commonly
available
products
by
offering
immediate
availability,
broad
product
lines,
technical
assistance
and
other
value-added
services
such
as
logistics
and
inventory
management
services.
The
Company
also
offers
brake
and
starter
generator
overhaul
services,
and
is
an
FAA-authorized
hose
assembly
facility. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FAVS,
through
API,
its
subsidiary,
is
a
supplier
of
aircraft
engine
parts
and
other
aircraft
parts
and
components
to
the
general
aviation
industry
worldwide.
For
the
three
months
ended
4/30/01,
net
sales
rose
14%
to
$25.6
million.
Net
income
from
continuing
operations
totalled
$87
thousand,
up
from
$13
thousand.
Revenues
reflect
increased
domestic
market
share
in
parts
supplied
to
the
general
aviation
and
airlines
markets.
Earnings
also
reflect
lower
corporate
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Aaron Hollander, 44 Chairman | -- | Michael Culver, 50 Pres,
CEO, Director | $400K | John Marsalisi, 45 CFO,
Sec., Director | 275K | Gerald Schlesinger, 56 Sr.
VP | 400K | Dollar
amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|