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Airlines

Name: AVTEAM
7JetSet7 Code: VTE
Status: Currently Not Operational
Region: NORTH AMERICA
City: MIAMI
Country: USA
Employees 7
Web:
Email:
Telephone:
Fax:
Sita:
Background
(definitions)

JET AIRPLANE LEASING COMPANY. HQ AT MIRAMAR, FLORIDA.

NOVEMBER 1998: 3RD QUARTER = +$1.1 MILLION (+$803,000). ACQUIRED ASSETS OF M&M AIRCRAFT SERVICES FOR $30 MILLION & 350,000 SHARES OF CLASS A COMMON STOCK.

DECEMBER 1999: 1 DC-9-30 (JT8D-7B), EX-US AIRWAYS (USA).

MARCH 1999: 1998 = +$5.8 MILLION (+$3.9 MILLION). SUCCESS DUE TO ITS COMBINING ITS DISTRIBUTION BUSINESS WITH ITS ENGINE MAINTENANCE, REPAIR & OVERHAUL (MRO) OPERATION.

NOVEMBER 1999: 3RD QUARTER = +$2.2 MILLION (+$1.1 MILLION).

JANUARY 2000: 1 737-200QC (20253), EX-COPA AIRLINES (COP) BOUGHT FROM
SPINNAKER CAPITAL AIRGROUP.

MAY 2000: 1999 = +$4.8 MILLION (+$5.8 MILLION) (net profit). 1ST QUARTER = -$.9 MILLION (+$2 MILLION).

MARCH 2001: FILES FOR CHAPTER 11 BANKRUPTCY.

Fleet:
(definitions)

March 2001:

0 737-230QC (JT8D) (20253), EX-(COP), 1/00, TO (PVI).

2 DC-9-31 (JT8D-7) (516-47326, /69, EX-(AUS); 603-47526, /70, EX-(ANS), LST (SPR).

5 DC-9-31 (JT8D-7) (107-47053, /67, EX-(NEA); 142-47052, /67
; 226-47146, /67; 293-47207, /68; 327-47209, /68; 368-47212, /68; 493-47334, /69; 494-47335, /69; 513-47372, /69; 532-47429, /69; 494-47507, /70; 699-47588, /74; EX-(UAS) (47023; 47052; 47207; 47209; 47334; 47335; 47429 PARTED OUT 4/01).

2 DC-9-32 (JT8D-7) (158-47023, /67; 160-47068, /67), EX-(ACN).

1 DC-9-51 (JT8D-17) (851-47663, /77, EX-SWS; 791-47677, /75, EX-(HWI), DISMANTLED).

1 DC-10-30 (CF6-50C) (197-46557, /75), EX-(VIA).

Management:
(definitions)

DONALD GRAW, PRESIDENT & CEO.

PAULA SPARKS, VP QUALITY ASSURANCE.

JULIO MENENDEZ, DIRECTOR ENGINE TRADING.

MICHAEL MAIER, DIRECTOR TECHNICAL SERVICES.

KIM SOTTAK, TECHNICAL RECORDS MANAGER.

 
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