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Airlines

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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:
Email:
Telephone:
Fax:
Sita:
Background
(definitions)

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.

... More

Fleet:
(definitions)

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
... More

Management:
(definitions)

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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