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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12B-25
Commission File Number 001-12893
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NOTIFICATION OF LATE FILING
(Check One): Form 10-K Form 11-K Form 20-F
Form 10-Q Form N-SAR
For Period Ended: February 28, 2003
Transition Report on Form 10-K Transition Report on Form 10-Q
Transition Report on Form 20-F Transition Report on Form N-SAR
Transition Report on Form 11-K
For the Transition Period Ended:
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Read attached instruction sheet before preparing form. Please print or type.
Nothing in this report shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the information relates:
____________________________________________________________________________
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PART I
REGISTRANT INFORMATION
Full name of registrant International Airline Support Group, Inc.
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Former name if applicable
Address of principal executive office (Street and number) 1954 Airport Road,
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Suite 200
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City, state and zip code Atlanta, GA 30341
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PART II
RULE 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)
(a) The reasons described below in reasonable detail in Part III of this
form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form
10-K, 20-F, 11-K of Form N-SAR, or portion thereof will be filed on or
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before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant is evaluating whether or not it should file a notice of
termination of its obligation to file reports under the Securities Exchange Act
of 1934, as amended. The Registrant's board of directors is considering this
issue. If the board approves the filing of the notice of termination, the
Registrant will not file its Quarterly Report on Form 10-Q for the quarter ended
February 28, 2003.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Alexius A. Dyer
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770-455-7575
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(Name)
(Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify the report(s).
Yes No
(3) Is it anticipated that any significant change in the results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
Yes No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
International Airline Support Group, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: April 15, 2003 By: /s/ Alexius A. Dyer III
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Chairman, President and
Chief Executive Officer