The Company has historically provided continuing asset management
services to various trusts, secured lenders, airlines and
owner/lessors
for a variety of aircraft including DC9s, B727s, B737s, B747s,
B767s, B777s, L1011s and F-28s and spare engines including JT8Ds, JT9Ds, RB211s
and
CF6s. These aircraft and engines were either subject to
lease, in which case LAM acted in the role of the Lessor,
or
inducted into freighter conversion programs, in which case
LAM managed the process, or parked/stored off-lease, in which
case
LAM managed all phases of the assessment, movement, storage,
maintenance, security, refurbishment, reactivation, and remarketing
of the aircraft.
Currently LAM is actively managing 10 aircraft including
1 x B727-200F, 4 x B747-200SF/-300SFs, 1 x 747-SR, 4 x 777-300s.
As Individual Trustee for the Eastern Secured Liquidating Trust,
Glen Langdon was responsible for (i) monetizing the Trust's
claims against various airlines including EASTERN, MIDWAY,
PAN AM and BRANIFF, (ii) settling claims against certain monetary
assets of the Trust, (iii) managing a fleet of 27 x DC9-31/-51
and/or B727-200 aircraft, of which 13 were leased to ASERCA,
AVENSA, SERVIVENSA and SARO, and (iv) selling these aircraft,
plus 21 spare JT8D engines and various spare parts. This assignment
is complete pending windup of the Trust and a final distribution
to the Certificateholders.
As Trust Manager for the Kitty Hawk Collateral Liquidating
Trust, LAM has been responsible for the asset management and monetization
of 29 x aircraft, including 9 x B747s, 8 x L1011s and 12 x
B727s, plus 36 x JT8D engines, 10 x spare JT9D and RB211 engines. To date, LAM has sold
11 of the 12 x B727s, all 9 x B747s, all
8 x L1011s, 31 of 33 x JT8D engines, all 10 x spare engines, and is leasing the remaining 1 x B727-200F
to the reorganized KITTY HAWK AIR CARGO through year-end 2007. This assignment is 95% complete pending the sale of the final
B747-200F, winding up of the Trust and a final distribution to Certificateholders.
As Aviation Advisor to several large US-based private equity funds, LAM is responsible for the asset management of 4 x 777s, currently subject to operating leases with a major Asian airline, plus 2 x 747 freighters, currently subject to operating leases with a large European freight airline.
As exclusive Agent for a European bank, LAM is responsible for the asset management and monetization of 1 x 747-200C currently parked off-lease.
As exclusive Agent for a certificated Canadian airline, LAM is responsible for the acquisition of 1 x 737-400.
