International Airline Support Group Inc – ‘10-C’ for 10/3/96

As of:  Tuesday, 10/15/96   ·   For:  10/3/96   ·   Accession #:  859307-96-11   ·   File #:  0-18352

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Report by Issuer of Securities Quoted on NASDAQ   —   Form 10-C
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-C        Report by Issuer of Securities Quoted on NASDAQ        2±     7K 


  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, DC 20549

 FORM 10-C

 REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
 INTERDEALER QUOTATION SYSTEMS
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
  OR 15d-17 THEREUNDER

   INTERNATIONAL AIRLINE SUPPORT GROUP, INC.
-------------------------------------------------------   

  8095 NW 64th Street, Miami, Florida  33166
-------------------------------------------------------   

Issuer's telephone number, including area code   305/593-2658             
                                    ----------------
I. CHANGE IN NUMBER OF SHARES OUTSTANDING 

Indicate any change (increase or decrease) of five percent or more in the 
number of shares outstanding:                                             

1.  Title of security      Common Stock $.001 par value per share         
                     ---------------------------------------------------
2.  Number of shares outstanding before the change     4,041,779          
                                                  ----------------------
3.  Number of shares outstanding after the change        149,695          
                                                  ----------------------
4.  Effective date of change      October 3, 1996                         
                            --------------------------------------------
5.  Method of change:  Specify method (such as merger, acquisition,       
exchange, distribution, stock split, reverse split, acquisition of
treasury, etc.)                                                   

Reverse Stock Split               
  --------------------------------------------------------------------

Give brief description of transaction:  On October 3, 1996, the Company   
completed a restructuring of its capital structure.  Pursuant to the      
restructuring, the Company, among other things, effected a 1-for-27       
reverse stock split of its Common Stock.                                  

II.  CHANGE IN NAME OF USER               

1.  Name prior to change                                                  
                      ------------------------------------------------
2.  Name after change                                                     
                    --------------------------------------------------
3.  Effective date of charter amendment changing name                     
                                                    ------------------
4.  Date of shareholder approval of change, if required                   
                                                      ----------------

Date  October 4, 1996              /s/Alexius A. Dyer III                 
------------------------------     ------------------------------------   
                                Chairman of the Board, President and
                   Chief Executive Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-C’ Filing		Date		Other Filings
Filed on:		10/15/96		10-Q,  SC 13D
		10/4/96
For Period End:		10/3/96
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