EXHIBIT 10.22

[LETTERHEAD  OF  BOMBARDIER  CAPITAL  INC.]


September  30,  2002

George  Murnane,  EVP  &  COO
INTERNATIONAL  AIRLINES  SUPPORT  GROUP,  INC.
1954  AIRPORT  ROAD,  SUITE  200
ATLANTA,  GEORGIA  30341


Re:     Notice  of  default  under  Term Loan Agreement dated December 20, 2000,
     between  International  Airline  Support  Group.  Inc.  ("Borrower")  and
Bombardier     Capital  Inc.  (the  "Lender") and Promissory Note dated December
20,  2000     (collectively,  the  "Loan  Agreement")  and  Demand  for  Payment

Dear  Mr.  Murnane:

Reference  is  hereby  made  to  the Loan Agreement between Borrower and Lender.
Except as otherwise defined herein, capitalized terms used herein shall have the
respective  meanings  set  forth  in  the  Loan  Agreement.

Borrower  has  failed,  despite  repeated requests by Lender to tender monies in
accordance  with  the  terms  and  conditions  set  forth in the Loan Agreement.
Specifically,  Borrower  has failed to make payment of (i) past due installments
of principal and interest in the amount of $22,070.86 each due on each of August
20,  2002  and  September 20, 2002 and (ii) late fees  in the amount of $452.56.

Lender  hereby  demands,  and  to avoid acceleration of obligations and payments
under  the Loan Agreement and repossession of the Aircraft, Borrower must pay in
full,  within 30 days from the date of this letter, (i) past due installments of
principal and interest in the aggregate amount of $44,141.72 plus (ii) late fees
in  the  amount of $452.56, or total amount equal to $44,594.28, payable by wire
transfer  only:

     Please  remit  payment  to:     Bank  of  America  Texas
                         ABA#  111000012
                         Acct#  3752133785
                         Ref:  International  Airlines

Although  the  undersigned  may  be  prepared to discuss the matters referred to
herein,  please  be  aware  that  the  notices  and  demands made herein and the
provisions  of  the  Credit  Documents  cannot  be waived, varied or modified by
Lender or any of its officers, employees or agents unless such waiver, variation
or  modification  is  made  by  written  instruments  duly  executed  by Lender.

Payment  pursuant  to  this  letter shall neither constitute nor be construed as
having  created  a custom or course of business in any way or manner contrary to
the  specific  terms of the Loan Agreement.  Acceptance of the payment by Lender
shall  not  constitute a waiver or be in substitution of its rights and remedies
as  provided  under  the  Credit  Documents.

Please  be aware that any further breach or failure by you to observe or perform
any  of  the  obligations,  covenants  or  undertakings arising under any of the
Credit  Documents shall constitute a default under the Loan Agreement and Lender
may pursue and enforce all rights and remedies to which it is entitled under the
Loan  Agreement,  including  the  repossession  and  sale  of  the  Aircraft.

If you have any questions, please call me at (802) 654-8202 or, you may call our
attorney  Julia  Males  at  (802)  654-8364.

Sincerely,
BOMBARDIER  CAPITAL  INC.

/s/  Darlene  M.  Bayko

Darlene  M.  Bayko
Collection  Specialist

cc:     Julia  Males,  Senior  Attorney
     Carolyn  Gipson,  Collection  Supervisor
     Frank  Imperato,  GMAC  Commercial  Credit  LLC