International Aircraft Investors Reports First Quarter Results; 1998 Revenues Up Over 100% and Profits Up Over 200%; Announces Re-Lease of Two Aircraft.

Business WireApril 23, 1998

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International Aircraft Investors Reports First Quarter Results; 1998 Revenues Up Over 100% and Profits Up Over 200%; Announces Re-Lease of Two Aircraft.

TORRANCE, Calif.--(BUSINESS WIRE)--Aril 23, 1998--International Aircraft Investors (Nasdaq:IAIS) Thursday announced record first quarter revenues and profits and reported earnings of $.09 per share prior to the adoption of an accounting change and $.17 per share after the adoption of an accounting change.

The Company also announced that it re-leased its Boeing 727-200ADV...

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