| International Aircraft Investors, Inc. | |||
| Proposed Ticker: | IAIC | 3655 Torrance Boulevard, Suite 410 | |
| Exchange: | NASDAQ-National Market | Torrance, CA 90503 | |
| Industry: | Service (SIC Code 7359) | (310) 316-3080 | |
| Type of Shares: | Common Shares | Filing Date: | 1/16/97 | |
| U.S. Shares Filed: | 1,820,000 | Filing Range: | $10.00 - $12.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $20,020,000 | |
| Primary Shares: | 1,820,000 | Expenses: | $550,000 | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| Sutro & Company Inc. | Lead Manager | (415) 445-8323 |
| Friedman, Billings, Ramsey & Co., Inc. | Co-manager | (703) 312-9571 |
| Issuer's Law Firm: | O'Melveny & Meyers |
| Bank's Law Firm: | Manatt, Phelps and Phillips |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $8.37 | $9.86 | $5.95 | Assets: | $93.43 |
| Net Income: | $0.87 | $0.46 | $0.26 | Curr Assets: | |
| EPS: | $0.11 | $0.06 | $0.03 | Liabilities: | $88.92 |
| Prior EPS: | $0.13 | $5.23 | $2.00 | Curr Liabilities: | |
| Cash Flow/Oper: | $3.94 | Equity: | $4.50 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is primarily engaged in the acquisition of used, single-aisle jet aircraft and engines for lease and sale to domestic and foreign airlines and other customers. The company leases its aircraft under "triple net" operating leases where the lessee is responsible for all operating costs, (i.e., crew, fuel, insurance, taxes, licenses, landing fees, navigation charges, maintenance, repairs and associated expenses) and the company retains the potential benefit and assumes the risk of the residual value of the aircraft, as distinct from finance leases where the full cost of the aircraft is recovered over the term of the lease at usually lower monthly rates. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance aircraft acquisitions and provide working capital and for general corporate purposes. |