================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
----------
AVIALL, INC.
(Name of Issuer)
Common Stock, $.01 par value per share 05366B102
(Title of class of securities) (CUSIP number)
David E. Zeltner, Esq.
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, New York 10153 (212) 310-8000
(Name, address and telephone number of person authorized
to receive notices and communications)
February 1, 1999
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 pages)
================================================================================
NY2:\236383\02\52#702!.DOC\66575.0003
<PAGE>
<TABLE>
<CAPTION>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 2 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON NOLAN ACQUISITION PARTNERS
S.S. OR I.R.S. IDENTIFICATION NO. 75-2787642
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 1,452,900
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,452,900
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 3 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON NOLAN ACQUISITION GROUP, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 75-2786370
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 4 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON KINCAID CAPITAL GROUP,
a Texas corporation
S.S. OR I.R.S. IDENTIFICATION NO. 75-2779494
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 5 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON THOMAS R. KINCAID
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 6 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON DAN KOMNENOVICH
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- ----------------------------------------------------------------- -------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 7 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON RICHARD JONES
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 8 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE CAPITAL, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. 58-2423275
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 9 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE FAMILY PARTNERSHIP
(NEVADA), L.P.
S.S. OR I.R.S. IDENTIFICATION NO. 88-0381099
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 10 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON CONESE GENERAL PARTNER
(NEVADA), INC.
S.S. OR I.R.S. IDENTIFICATION NO. 88-0381098
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Nevada
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------- -------------------------------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ----------------------------------
CUSIP NO. 05366B102 13D Page 11 of 14 Pages
- ---------------------------------- ----------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON EUGENE P. CONESE
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America
- ---------------------- -------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 0
NUMBER OF
SHARES
------------------- ------------------------------------------------ ------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 1,452,900
OWNED BY
------------------- ------------------------------------------------ ------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------- ------------------------------------------------ ------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,452,900
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
This Amendment No. 3 ("Amendment No. 3") amends the Statement on
Schedule 13D (the "Schedule 13D") filed on November 9, 1998, as amended by
Amendment No. 1 filed on December 5, 1998 and Amendment No. 2 filed on January
22, 1999, by and on behalf of the following persons (collectively, the
"Reporting Persons"): Nolan Acquisition Partners, a Texas general partnership
("NAP"), Nolan Acquisition Group, L.P., a Delaware limited partnership ("NAG"),
Kincaid Capital Group, a Texas Corporation ("Kincaid Capital"), Thomas R.
Kincaid ("Kincaid"), Richard Jones ("Jones"), Dan Komnenovich ("Komnenovich"),
Conese Capital, L.L.C., a Delaware limited liability company ("CCL"), Conese
Family Partnership (Nevada), L.P., a Nevada limited partnership ("CFP"), Conese
General Partner (Nevada), Inc., a Nevada corporation ("CGN") and Eugene P.
Conese ("Conese"). Capitalized terms used herein and not defined herein have the
meanings ascribed thereto in the Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
On January 22, 1999 the Reporting Persons received a letter dated
January 19, 1999 from Mr. Eric E. Anderson, Chairman, President and Chief
Executive Officer of the Issuer, to the effect that the Issuer's Board of
Directors and its Compensation and Nominating Committee have decided to make no
changes in the size or composition of the Issuer's Board of Directors. A copy of
Mr. Anderson's letter is filed as Exhibit 7 hereto and is incorporated herein by
reference.
On February 1, 1999, representatives of the Reporting Persons
sent a letter to Mr. Anderson, dated January 29, 1999, that (i) expresses their
disappointment that the Board of Directors rejected the Reporting Persons'
request for representation on the Board of Directors, particularly in light of
their meeting with five of the Issuer's six directors on December 21, 1998
during which they discussed in detail their extensive experience in the aviation
industry and their ideas on how to enhance shareholder value, and (ii) requests
Mr. Anderson and the Issuer's Board of Directors to articulate their strategy
for increasing shareholder value. A copy of such letter is filed as Exhibit 8
hereto and is incorporated herein by reference.
Except as indicated above, the information set forth in Item 4 of the Schedule
13D remains unchanged.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 7: Letter, dated January 19, 1999, from Eric E. Anderson, Chairman,
President and Chief Executive Officer of the Issuer, to Eugene P.
Conese, Sr. and Thomas R. Kincaid.
Exhibit 8: Letter, dated January 29, 1999, from Eugene P. Conese, Sr. and
Thomas R. Kincaid to Eric E. Anderson.
12
<PAGE>
SIGNATURE
The undersigned, after reasonable inquiry and to the best of their knowledge and
belief, certify that the information set forth in this Statement is true,
complete and correct.
Dated: February 2, 1999 NOLAN ACQUISITION PARTNERS
By: Nolan Acquisition Group, L.P.,
its Managing General Partner
By: Kincaid Capital Group,
a Texas corporation,
its General Partner
By: /s/ Richard Jones
--------------------------------
Print Name: Richard Jones
Title: Senior Vice President
NOLAN ACQUISITION GROUP, L.P.
By: Kincaid Capital Group,
a Texas corporation, its General Partner
By: /s/ Richard Jones
--------------------------------
Print Name: Richard Jones
Title: Senior Vice President
KINCAID CAPITAL GROUP, a Texas corporation
By: /s/ Richard Jones
--------------------------------
Print Name: Richard Jones
Title: Senior Vice President
/s/ Thomas R. Kincaid
------------------------------------
Thomas R. Kincaid
/s/ Richard Jones
------------------------------------
Richard Jones
/s/ Dan Komnenovich
------------------------------------
Dan Komnenovich
13
<PAGE>
CONESE CAPITAL, L.L.C.
By: Conese Family Partnership
(Nevada), L.P., its sole member
By: Conese General Partner (Nevada), Inc.,
its General Partner
By: /s/ Eugene P. Conese, Jr.
---------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
CONESE FAMILY PARTNERSHIP (NEVADA), L.P.
By: Conese General Partner (Nevada), Inc.,
its General Partner
By: /s/ Eugene P. Conese, Jr.
---------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
CONESE GENERAL PARTNER (NEVADA), INC.
By: /s/ Eugene P. Conese, Jr.
---------------------------------
Print Name: Eugene P. Conese, Jr.
Title: Vice President
/s/ Eugene P. Conese
-------------------------------------
Eugene P. Conese
14
<PAGE>
EXHIBIT INDEX
-------------
Exhibit 7: Letter, dated January 19, 1999, from Eric E. Anderson, Chairman,
President and Chief Executive Officer of the Issuer, to Eugene P.
Conese, Sr. and Thomas R. Kincaid.
Exhibit 8: Letter, dated January 29, 1999, from Eugene P. Conese, Sr. and
Thomas R. Kincaid to Eric E. Anderson.
EXHIBIT 7
AVIALL
Eric E. Anderson
Chairman, President and
Chief Executive Officer
January 19, 1999
Eugene P. Conese, Sr.
Thomas R. Kincaid
Nolan Acquisition Partners
125 E. John Carpenter Freeway
Suite 190, L.B. 9
Irving, TX 75062
Dear and Tom: [sic]
At their meetings on January 15th, the Compensation and Nominating Committee and
the Aviall Board of Directors decided to make no changes in the size or
composition of the Board.
As I have said several times, and as we communicated directly on December 21
when members of the Aviall Board received your presentation in New York City, I
am always interested in meeting with you to discuss any specific ideas you have
to enhance shareholder value.
Very truly yours,
/s/ Eric E. Anderson
Aviall, Inc., 2075 Diplomat Drive, Dallas, TX 75234-8999 U.S.A., 1-972-406-6600,
fax 1-972-406-2213
NY2:\236378\01\52#201!.DOC\66575.0003
EXHIBIT 8
NOLAN ACQUISITION PARTNERS
125 E. John Carpenter Freeway
Suite 190, L.B. 9
Irving, TX 75062
January 29, 1999
Mr. Eric E. Anderson
Chairman, President and
Chief Executive Officer
Aviall, Inc.
2075 Diplomat Drive
Dallas, TX 75234-8999
Dear Eric:
On January 22nd we received your letter of January 19th to the
effect that the Board and its Compensation and Nominating Committee have decided
to make no changes in the size or composition of the Board, but that you would
always be interested in meeting with us to discuss our specific ideas on how to
enhance shareholder value.
We are extremely disappointed that your Board has rejected our
request to have representatives of the Nolan group serve as directors,
especially in light of our meeting on December 21 during which we discussed with
you in detail our extensive experience in the aviation industry and our ideas on
how to enhance shareholder value. Contrary to your recent public statement to
shareholders, during this meeting, which lasted more than an hour, we provided
you with specific information as to how we can help to build shareholder value.
While we appreciate the fact that you listened to our presentation
and continue to be interested in discussing our ideas, we ask you and the other
members of the Board, who are entrusted with the fiduciary duty of acting in the
shareholders' best interests, to come forward with your strategy for increasing
shareholder value. If you cannot articulate a viable strategy for increasing
value, we believe you should put people in charge who can or engage a reputable
investment banking firm to explore a sale of the
NYFS09...:\75\65575\0003\91\LTR1279S.53A
<PAGE>
Company or other transaction that would create shareholder value.
We would appreciate hearing from you in the near future as to what,
if anything, you propose to do to increase shareholder value.
Very truly yours,
/s/ Eugene P. Conese, Sr. /s/ Thomas R. Kincaid
Eugene P. Conese, Sr. Thomas R. Kincaid
2
