Comtran, Jetran, Romaero and Alameda Corp. are all part of a nice little collection of businesses owned by Texas oil tycoon Oscar Wyatt Jr. and his partner Morris Douglas Jaffe Jr, who is CEO for Jetran. This is an exerpt from an Airline Business article:
''San Antonio businessman Doug Jaffe and Houston oilman Oscar Wyatt Jr. have teamed to buy 90 jets US Airways took out of operation in the wake of the Sept. 11 terrorist attacks. Jaffe's and Wyatt's newly formed Jetran International Ltd. will lease or sell the planes to overseas airlines. Jaffe wouldn't disclose the purchase price for the jets but said customers in Mexico, Canada and the Caribbean already are putting in orders for them to replace aging fleets. Jetran will find buyers for 60 percent of the planes within the next year, he added. "These airplanes are not even at their midlife," Jaffe said. "They're programmed to continue flying for a number of years. They're very desirable to an airline wanting to replace older planes." Jaffe, a real-estate investor, has bought and sold planes for years through his firm Comtran International Inc. He formed Jetran with Wyatt, founder of Houston-based energy giant Coastal Corp., specifically to purchase the US Airways planes. The deal, which closed this week, was part of a US Airways effort to unload 97 jets it pulled from use after last fall's dramatic drop in air travel. US Airways hasn't identified the company that purchased the other seven aircraft. Officials with the Arlington, Va.-based airline were unavailable Friday for comment on the transaction. Included in Jetran's purchase were 49 Boeing 737-200s, 25 McDonnell Douglas DC-9s and 16 McDonnell Douglas MD
-80s, Jaffe said. All the planes are narrow-body passenger aircraft. Although Jetran is headquartered in San Antonio, it will store the planes at McCarran International Airport in Las Vegas. Jetran is on the lookout for other opportunities to buy idled jets, but is unlikely to strike any more deals the size of its transaction with US Airways, Jaffe said. Most airlines grounded portions of their fleets as the terrorist attacks and slow economy slashed into air travel, but none pulled as many from operation as US Airways, he said. "US Airways had too many planes," Jaffe said. "They had 425, which made them the fourth-largest airline in terms of equipment, but they were only the 12th or 13th in terms of revenues." ''
They also own Romaero and many of the aircraft have been ferried to/from Bucharest for maintenence there. Thus some unusual 'sightings' that have created newspaper headlines across Europe.
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