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Airlines

Name: GATX/AIRLOG
7JetSet7 Code: NGK
Status: Currently Not Operational
Region: NORTH AMERICA
City: TULSA
Country: USA
Employees 7
Web:
Email:
Telephone:
Fax: +1 (415) 955-3424
Sita:
Background
(definitions)

JET AIRPLANE LEASING COMPANY. SEE ALSO GATX CAPITOL CORP (GAX).

JANUARY 1996: $580 MILLION, 9 ORDERS (APRIL 1997) A321-200'S (CFM56-5B).

AUGUST 1996: $1.2 BILLION, ORDERS/OPTIONS 23 737-800'S, & 757'S. 10/10 (LATE 1998) 737-800'S, & 1/2 (APRIL 1997) 757 (RRC) TO (FCL).

APRIL 1997: 1ST QUARTER = +$31.2 MILLION (+$24.7 MILLION) (NET PROFIT).

JANUARY 1998: 1997 = -$50 MILLION (+$102.7 MILLION). 4TH QUARTER = -$140 MILLION (+$18.9 MILLION).

APRIL 1998: 1ST QUARTER = +$37.4 MILLION (+$31.2 MILLION) RECORD!

SEPTEMBER 1998: FARNBOROUGH ANNOUNCEMENT OF $400 MILLION BOEING (TBC) ORDERS: 5 737-800'S (2001), NOW 15 ORDERS 737-NG'S.

OCTOBER 1998: JESSE CREWS, PRESIDENT & CEO.

NOVEMBER 1998: 2 ORDERS (JANUARY 1999) 737-800'S (28822; 28826) GATX LEASED TO NOVAIR (NOO).

DECEMBER 1998: JOINT VENTURE WITH ROLLS ROYCE (RRC) FOR ENGINE LEASING. GATX (NGK) WILL HAVE A 50% STAKE IN (RRC) & PARTNERS FINANCE (RRPF) UNIT, ONE OF THE LARGEST ENGINE LEASING COMPANIES, WITH A PORTFOLIO OF 90 ENGINES. ALAN COE, EXECUTIVE VP, (NGK), SAID THIS WOULD CAPITALIZE ON (NGK)'S KNOWLEDGE OF OPERATING AND FINANCE LEASING, WHERE (NGK) HAS AN INTEREST IN 200 AIRPLANES.

JULY 2000: GATX/FLIGHTLEASE 18 ORDERS 737-NG'S. IN 2000, LEASING COMPANIES CONTRACTED FOR 21.4% (72 OF 336) BOEING (TBC) ORDERS, & 33.1% (79 OF 239) AIRBUS (EDS) ORDERS.

DECEMBER 2000: 1 ORDER (FEBRUARY 2005) A320 FOR TOTAL 11, & 1 ORDER (FEBRUARY 2004) FOR TOTAL 10.

FEBRUARY 2001: GATX CAPITAL BUYS 50% OF PEMBROKE GROUP (PEB). ROLLS ROYCE (RRC) OWNS OTHER 50%. COMBINED COMPANY PORTFOLIO OF >400 AIRPLANES.

February 2004: See attached link to Leasing Survey 2004, which shows GATX (NGK) ranked 5th of the top 40 airplane leasing companies with 1 turboprop, 4 regional jets, 173 narrow bodies and 12 wide bodies.

Fleet:
(definitions)

January 2007:

18 ORDERS 737-NG.

0 747-121 (7-19641, /69 92 22), EX-(PAA), LST (UPS) 10/93, SCRAPPED AT (BFG) 6/02.

10 ORDERS A320.

11 ORDERS A321.

Management:
(definitions)

RONALD ZECH, CHAIRMAN.

JESSE CREWS, PRESIDENT & CEO (10/98).

GERRY ZERKEL, MANAGER AIRPLANE INFORMATION.

 
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