| Business Summary | | AVTEAM,
Inc.
is
a
global
supplier
of
aftermarket
commercial
aircraft
engines,
engine
parts
and
aircraft
components
and
provides
aircraft
engine
maintenance,
repair
and
overhaul
service.
The
Company
serves
over
700
customers,
including
other
aftermarket
suppliers,
repair
facilities,
aircraft
operators
and
original
equipment
manufacturers.
The
Company
has
historically
focused
on
the
Pratt
&
Whitney
JT8D
series
of
engines,
which
are
the
most
widely
used
jet
aircraft
engines
that
power
approximately
28%
of
the
world's
commercial
aircraft.
In
1997,
AVTEAM
expanded
its
product
line
to
include
the
CFM56
series
of
engines
manufactured
by
CFM
International.
Engines
and
components
are
either
made
available
for
immediate
resale
or
repaired
by
FAA-licensed
repair
facilities
and
then
resold.
In
March
2001,
the
Company
announced
that
it,
along
with
its
two
wholly
owned
subsidiaries,
filed
petitions
for
Chapter
11
protection
with
the
United
States
Bankruptcy
Court. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AVTMQ
is
a
global
supplier
of
aftermarket
aircraft
engines,
engine
parts
and
airframe
components.
The
Co.
has
focused
on
the
purchase
and
resale
of
engines
and
components
for
the
Pratt
and
Whitney
JT8D
series
of
engines.
For
the
nine
months
ended
9/00,
net
sales
fell
33%
to
$64.3
million.
Net
loss
totaled
$5.3
million
vs.
an
income
of
$6.5
million.
Revenues
reflect
deteriorating
industry
market.
Net
loss
reflects
start-up
expenses
for
the
CFM56
repair
operations
at
AERC. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Donald Graw, 45 Chairman,
Pres, and CEO | $288K | Mark Koondel, 53 CFO,
Treasurer and Assistant Sec. | 140K | Jaime Levy, 44 Exec.
VP | 245K | Paula Sparks, 47 VP
of Quality Assurance | -- | Bryan McFarland, 46 VP
of Bus. Devel. | 150K | Dollar amounts are as of 31-Dec-1999 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
|
|