| Business Summary | | AeroCentury
Corporation
is
engaged
in
the
business
of
investing
in
primarily
used
regional
aircraft
equipment
leased
to
domestic
and
foreign
regional
air
carriers.
During
November
1999
and
August
2000,
the
Company
formed
two
wholly
owned
subsidiaries,
AeroCentury
Investments
LLC
and
AeroCentury
Investments
II
LLC,
respectively,
for
the
purpose
of
acquiring
aircraft
using
a
combination
of
cash
and
bank
financing
separate
from
the
Company's
credit
facility.
The
Company
generally
targets
used
regional
aircraft
and
engines,
with
purchase
prices
between
$1
million
and
$10
million,
and
lease
terms
of
three
to
five
years.
In
determining
assets
for
acquisition,
the
Company
evaluates:
the
type
of
asset,
its
price
and
projected
future
value,
its
versatility
or
specialized
uses,
the
current
and
projected
future
availability
of
and
demand
for
that
asset,
and
the
type
and
number
of
future
potential
lessees. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AeroCentury
Corp.
is
engaged
in
ownership,
leasing,
management,
and
acquisition
of
aircraft,
focusing
on
used
regional
aircraft
equipment
for
lease.
For
the
six
months
ended
6/30/01,
revenues
increased
3%
to
$5.6
million.
Net
income
rose
6%
to
$1
million.
Revenues
benefitted
from
increased
rent
income
due
to
the
purchases
of
additional
on-lease
aircraft.
Earnings
also
reflect
decreased
professional
fees
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Neal Crispin, 55 | Chairman,
Pres | Marc Anderson, 64 | COO,
Sr. VP | John Myers, 55 | Sr.
VP | Toni Perazzo, 53 | VP-Fin.
and Sec. | Polly Prelinger, 43 | VP,
Marketing |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|