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Airlines

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.

737-2M8 (21955) RETURNED FROM AMERICA WEST AIRLINES (AMW), LEASED TO WESTJET (WJI).

AUGUST 2000: TAL BRIDDELL, CHAIRMAN, SUCCEEDS ROBERT NEWS, COMPANY FOUNDER.

737-200 (22620) RETURNED FROM COPA AIRLINES (COP) WITH NORDAM HUSHKITS, SOLD TO GARY AVIATION (GRH), INDIANA WHO PLAN TO FIT A VIP INTERIOR. SELLS 7 737-300'S, 3 737-400'S, 1 747-300F, 6 MD-80'S, & 1 A320 TO LEHMAN BROTHERS AFFILIATE, FOR AIRPLANES TO BECOME PART OF EAST. 1 747-246B (19823, /71 97 32), BOUGHT FROM JAPAN AIR LINES (JAL) AS JUMBO JET LEASING.

DECEMBER 2000: FILED CHAPTER 11.

HAS ABOUT 10 AIRPLANES IN ITS PORTFOLIO.

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
(WJI) 2000-07.

3 737-230 (JT8D) (715-22120, /81, N122NJ; 720-22121, /81, N123NJ;
721-22122, /81, N124NJ), EX-(DLH), LST (VAG) 1999-10.

2 737-348 (CFM56-3) (1458-23809, /87, F-GIXI; 1474-23810, /87, F-GIXL), EX-(ARL), LST (FPO) 1999-03.

1 747-246B (116-19823, /71), EX-(JAL) 2000-09.

11 757-200, LST (LTU) 2000-01.

1 DC-9-15 (71-45775, /66, N40SH), EX-(TWA).

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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