| Business Summary | | Tower
Air,
Inc.
(Tower
Air)
provides
low-cost
scheduled
and
charter,
passenger
and
cargo
air
service
in
diverse
domestic
and
international
markets.
Tower
Air
offers
international
and
U.S.
scheduled
service
to
Athens,
Los
Angeles,
Miami,
New
York,
Paris,
San
Francisco,
San
Juan
and
Tel
Aviv.
Passengers
traveling
in
Economy
Class
enjoy
seats
with
more
legroom
and
extra-large
overhead
bins
for
carry-on
luggage.
Business
Class
features
wide
seats
located
in
the
front
cabin
(where
most
carriers
offer
first-class
seating)
and
in
a
dedicated,
non-smoking
cabin
in
the
exclusive
upper
deck.
The
airline
also
provides
charter
service
to
several
United
States
and
foreign
tour
operators,
principally
serving
Greece,
Italy
and
is
a
major
supplier
of
charter
passenger
and
cargo
services
to
the
United
States
military
and
the
United
Nations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tower
Air
Inc.,
provides
long-haul
scheduled
and
charter
passenger
air
service
in
international
and
domestic
markets.
The
Company
also
operates
all
cargo
service
and
ad
hoc
third
party
maintenance
service.
For
the
nine
months
ended
9/30/99,
revenues
fell
3%
to
$366.4
million.
Net
loss
totalled
$5.6
million
vs.
income
of
$5.2
million.
Revenues
reflect
decreased
activities
in
Hajj
charter
operations.
Net
loss
reflects
increased
aircraft
fuel
consumption. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Morris Nachtomi, 62 Chairman,
Pres and CEO | $1000K | William Cain, 42 Sr.
Vice-Pres -- Maintenance & Engineering | -- | Philip Brookmeyer, 44 VP
-- Legal & Deputy Gen. Counsel | -- | David Lithgow, 58 VP
-- Flight Operations | -- | Badar Mir, 40 VP
-- Financial Accounting | -- | Dollar amounts are as of 31-Dec-1998 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
|
|