<PAGE> 1
EXHIBIT 22.1
SUBSIDIARY LIST
1. AEG Finance Corp, a Delaware corporation, wholly owned by Maytag
Aircraft Corporation
2. Mercury Acceptance Corporation, Inc., a California corporation, wholly
owned by Mercury Air Group, Inc.
3. Maytag Aircraft Corporation, a Colorado corporation, wholly owned by
Mercury Air Group, Inc.
4. Mercury Air Cargo, Inc., a California corporation, wholly owned by
Mercury Air Group, Inc.
5. Hermes Aviation, Inc., a California corporation, wholly owned by Mercury
Air Cargo, Inc.
6. Pegasus de Mexico S.A. de C.V., a Mexican corporation, owned 99% by
Mercury Air Cargo, Inc. and 1% by Hermes Aviation, Inc.
7. Excel Cargo, Inc., a California corporation, wholly owned by Mercury Air
Group, Inc.
8. Vulcan Aviation, Inc., a California corporation, wholly owned by Mercury
Air Cargo, Inc.
9. Maytag Aircraft Corporation, a Cayman corporation, wholly owned by
Maytag Aircraft Corporation.
10. Mercury Air Centers, Inc., a California corporation, wholly owned by
Mercury Air Group, Inc.
11. RPA Airline Automation Services, Inc., a Florida corporation, wholly
owned by Mercury Air Group, Inc.
12. RPA Airline Automation Services, Division El Salvador S.A. de C.V., an
El Salvadorian corporation, 99% owned by RPA Airline Automation Service,
Inc. and 1% owned by Mercury Air Group, Inc.
13. Aero Freightways, Inc, a Canadian corporation, wholly owned by Excel
Cargo, Inc.
14. Hermes de Mexico S.A. de C.V., a Mexican corporation, owned 99% by
Mercury Air Cargo, Inc. and 1% by Hermes Aviation, Inc.
