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printable version
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| Name: |
UNICAPITAL AIR GROUP |
| 7JetSet7 Code: |
UAG |
| Status: |
Currently Not Operational |
| Region: |
NORTH AMERICA |
| City: |
MIAMI |
| Country: |
USA |
| Employees |
7 |
| Web: |
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| Email: |
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| Telephone: |
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| Sita: |
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Background
(definitions)
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JET AIRPLANE LEASING COMPANY. PARENT COMPANY IS UNICAPITAL CORP.
JANUARY 2000: BOUGHT 11 757-200ER'S FROM (LTU) AND LEASED BACK.
APRIL 2000: 1 727-200 (20666), EX-CONTINENTAL (CAL) LEASED TO GULF FALCON (GFG).
JUNE 2000: 1ST QUARTER = -$276.6 MILLION (-$.9 MILLION), AFTER TAKING $33.5 MILLION WRITE-DOWN ON BOOK VALUE OF AIRPLANES ENGINE INVENTORY, AND A SPECIAL CHARGE FOR EXPOSURE TO TOWER (TOW), WHO DECLARED BANKRUPTCY. PLANS TO EXIT BIG TICKET DIVISION (APL & ENGINE LEASING) BY THE END OF 2001.
JULY 2000: 1ST QUARTER = -$276.6 MILLION (-$800,000). ELIMINATES 38 JOBS FROM MIAMI HQ AND ITS OPERATIONAL GROUP IN PORTLAND, OREGON.
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Fleet:
(definitions)
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December 2000:
1 727-200 (JT8D) (20666) LST (GFG) 2000-04.
1 737-2H4 (JT8D) (543-21535, /78, N54SW), EX-(SWA), LST (RYN) TIL
2008-01.
0 737-2H6 (JT8D) (822-22620, /81 40 43, N22620) ST (GRH) 2000-08.
1 737-2M8 (JT8D) (659-21955, /80, N141AW), EX-(TEA) & (AMW), LST
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Management:
(definitions)
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TAL BRIDDELL, CHIEF EXECUTIVE OFFICER (CEO) (2000-06), & CHAIRMAN (2000-08).
WAYNE LIPPMAN, VICE CHAIRMAN.
JEP THORNTON, PRESIDENT & CHIEF OPERATIONS OFFICER (COO).
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