SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported) JANUARY 27, 2000
FINE AIR SERVICES CORP.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
333-59359 65-0838357
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(Commission File Number) (IRS Employer Identification No.)
2261 N.W. 67th Avenue
Building 700
Miami, Florida 33122
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (305) 871-6606
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(Former name or former address, if changed since last report)
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous independent accountants
(i) On January 27, 2000, the Registrant dismissed
PricewaterhouseCoopers LLP ("PWC") as its independent accountants.
(ii) The reports of PWC on the Registrant's financial statements for
the past two fiscal years contained no adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope or accounting
principle.
(iii) The decision to dismiss PWC was approved by the Registrant's
Board of Directors.
(iv) In connection with PWC's audits of the Registrant's financial
statements for the two most recent fiscal years and through January 27, 2000,
there have been no disagreements with PWC on any matter of accounting principles
or practices, financial statement disclosure or auditing scope or procedure,
which disagreements if not resolved to the satisfaction of PWC would have caused
them to make reference thereto in their report.
(v) During the two most recent fiscal years and through January 27,
2000, there have been no reportable events (as defined in Regulation S-K Item
304(a)(1)(v)).
(vi) The Registrant has requested that PWC furnish it with a letter
addressed to the Securities and Exchange Commission (the "SEC") stating whether
or not it agrees with the above statements. Such letter is filed as Exhibit 16.1
hereto.
(b) New independent accountants
(i) The Registrant engaged Deloitte & Touche LLP as its new independent
accountants as of January 27, 2000. During the two most recent fiscal years and
through January 27, 2000, the Registrant has not consulted Deloitte & Touche LLP
regarding: (1) the application of accounting principles to a specified
transaction, either completed or proposed; (2) the type of audit opinion that
might be rendered on the Registrant's financial statements, and in no case was a
written report provided to the Registrant nor was oral advice provided that the
Registrant concluded was an important factor in reaching a decision as to an
accounting, auditing or financial reporting issue; or (3) any matter concerning
a disagreement, as that term is defined in 304(a)(1)(iv) of Regulation S-K and
the related instructions to Item 304 of Regulation S-K, or a reportable event
with the former independent accountants (as defined in Regulation S-K Item
304(a)(1)(v)).
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) EXHIBITS
16.1 Letter dated January 31, 2000 from
PricewaterhouseCoopers LLP, the Registrant's former
independent accountants, to the SEC.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
FINE AIR SERVICES CORP.
Dated: February 3, 2000 By: /S/ ORLANDO M. MACHADO
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Orlando M. Machado, Senior Vice President
and Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
16.1 Letter dated January 31, 2000 from PricewaterhouseCoopers LLP,
the Registrant's former independent accountants, to the SEC.
EXHIBIT 16.1
January 31, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Commissioners:
We have read the statements made by Fine Air Services Corp (copy attached),
which we understand will be filed with the Commission, pursuant to Item 4 of
Form 8-K, as part of the Company's Form 8-K report dated January 27, 2000. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
