| Business Summary | | International
Aircraft
Investors
is
primarily
engaged
in
the
acquisition
of
used,
single-aisle
jet
aircraft
for
lease
and
sale
to
domestic
and
foreign
airlines
and
other
customers.
As
of
December
31,
2000,
the
Company
had
16
aircraft
in
its
portfolio.
Fourteen
aircraft
were
leased
to
13
airlines
worldwide
and
two
aircraft
were
being
marketed
for
lease.
The
Company
leases
aircraft
under
"triple
net"
operating
leases,
where
the
lessee
is
responsible
for
all
operating
costs
(crew,
fuel,
insurance,
taxes,
licenses,
landing
fees,
navigation
charges,
maintenance,
repairs
and
associated
expenses),
and
the
Company
retains
the
potential
benefit
and
risk
of
the
residual
value
of
the
aircraft,
as
distinct
from
finance
leases
where
the
full
cost
of
the
aircraft
is
recovered
over
the
term
of
the
lease
at
generally
lower
lease
rates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | International
Aircraft
Investors
is
engaged
in
the
acquisition
of
used,
single-aisle
jet
aircraft
for
lease
and
sale
to
domestic
and
foreign
airlines
and
other
customers.
For
the
six
months
ended
6/30/01,
revenues
fell
10%
to
$19.7
million.
Net
income
fell
71%
to
$174
thousand.
Revenues
reflect
lost
rent
on
two
repossessed
aircraft
and
the
reclassification
of
an
MD-82
as
a
direct
financing
lease.
Net
income
also
reflects
a
decreased
absorption
of
fixed
operating
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Lindsey, 63 Chairman,
CEO | $260K | Michael Grella, 44 Pres,
COO, Director | 215K | Rick Hammond CFO, VP-Fin. | 120K | Stuart Warren, 58 Director
and Sec. | -- | Alan Stanford, Jr. VP,
Controller | 110K | 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
|
|