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Article: International Aircraft Investors Reports Fourth Quarter Results, Extends Leases.
- Article from:
- Business Wire
- Article date:
- February 15, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
TORRANCE, Calif.--(BUSINESS WIRE)--Feb. 15, 2001
International Aircraft Investors (Nasdaq:IAIS) today announced a fourth quarter net loss of $1,025,000 or $.27 per diluted share.
Results were reduced by $.23 per diluted share from the loss of rent and repossession costs on two aircraft and $.33 per diluted share from a non-cash charge related to a write-down of the value of two Boeing Model 737-200ADV stage II aircraft.
For the year ended December 31, 2000, the company reported net income of $96,000 or $.02 per diluted share. Before the write-down of the aircraft, net income for the fourth quarter of 2000 was $.06 per ...