| Business Summary | | AirNet
Systems,
Inc.
(AirNet)
provides
time-critical
air
transportation
services
for
small
package
shippers
and
banking
customers
to
more
than
100
cities
nationwide.
AirNet
has
an
integrated
national
air
transportation
network
called
AirNet
Express,
which
operates
between
100
cities
and
43
states
and
delivers
over
20,000
time-critical
shipments
each
working
day.
AirNet's
check
delivery
service
is
the
leading
transporter
of
cancelled
checks
and
related
information
for
the
U.S.
banking
industry,
meeting
more
than
2,200
daily
deadlines.
AirNet's
express
service
provides
specialized,
high
priority
delivery
service
for
customers
requiring
late
pick-ups
and
early
deliveries
combined
with
prompt,
on-line
delivery
information.
AirNet's
fixed
base
operations
offer
retail
aviation
fuel
sales
and
related
ground
services
for
customers
in
Columbus,
Ohio.
In
2001,
AirNet
has
begun
offering
a
broader
array
of
on-demand
charter
flights
through
a
newly
created
Aviation
Services
Division. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AirNet
operates
an
integrated
transportation
network
which
provides
delivery
services
for
time-critical
shipments
of
documents
and
small
packages
in
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
2%
to
$69.7
million.
Net
income
fell
71%
to
$966
thousand.
Results
reflect
higher
revenues
from
Bank
Delivery
due
to
new
business
and
price
increases,
and
expansion
into
the
Chicago
market,
offset
by
increased
aircraft
maintenance
costs
and
additional
wages
accrued. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joel Biggerstaff, 44 Chairman,
Pres, CEO | $487K | William Sumser, 45 CFO,
VP-Fin., Sec., Treasurer | 263K | Jeffrey Harris, 41 Sr.
VP of Sales | 259K | John Farris Sr. VP, Express Services | -- | Guy King, 48 VP
- Sales | -- | Dollar amounts are as of 31-Dec-2000 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
|
|