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AIRCRAFT SERVICE INTERNATIONAL GROUP, INC.
EXHIBIT 12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Pro forma
year ended
Year ended December 31, March 31,
1993 1994 1995 1996 1997 1998
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Pretax income (loss) from continuing operations $ 6,302 $ 8,157 $ 7,580 $ 6,652 $ 9,634 $ (833)
Interest 151 158 620 606 669 8,850
Amortization of debt issuance costs -- -- -- -- -- 495
Interest portion of rental expense 998 965 864 839 830 830
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EARNINGS $ 7,451 $ 9,280 $ 9,064 $ 8,097 $11,133 $ 9,342
Interest 151 158 620 606 669 8,850
Amortization of debt issuance costs -- -- -- -- -- 495
Interest portion of rental expense 998 965 864 839 830 830
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Fixed charges $ 1,149 $ 1,123 $ 1,484 $ 1,445 $ 1,499 $10,175
RATIO OF EARNINGS TO FIXED CHARGES 6.5 8.3 6.1 5.6 7.4 0.9
Surplus/(Deficit) Earnings $ 6,302 $ 8,157 $ 7,580 $ 6,652 $ 9,634 $ (833)
Pro forma
six months
Three months ended Six months ended ended
March 31, September 30, September 30,
1997 1998 1997 1998 1998
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Pretax income (loss) from continuing operations $ 2,514 $ 1,657 $ 5,338 $(3,006) $ (910)
Interest 165 170 330 3,965 4,424
Amortization of debt issuance costs -- -- -- 2,531 302
Interest portion of rental expense 251 251 470 475 475
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EARNINGS $ 2,930 $ 2,078 $ 6,138 $ 3,965 $ 4,291
Interest 165 170 330 3,965 4,424
Amortization of debt issuance costs -- -- -- 2,531 302
Interest portion of rental expense 251 251 470 475 475
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Fixed charges $ 416 $ 421 $ 800 $ 6,971 $ 5,201
RATIO OF EARNINGS TO FIXED CHARGES 7.0 4.9 7.7 0.6 0.8
Surplus/(Deficit) Earnings $ 2,514 $ 1,657 $ 5,338 $(3,006) $ (910)