FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[x] Form 10-K [] Form 20-F [] Form 11-K [] Form 10-Q [] Form N-SAR
For Period Ended: December 31, 1994
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: N/A
Part I Registrant Information
Full Name of Registrant PS GROUP, INC.
Former Name if Applicable N/A
Address of Principal Executive Office (Street and Number)
4370 La Jolla Village Drive, Suite 1050
San Diego, California 92122
Part II Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b) [paragraph
23,047], the following should be completed. (Check box if appropriate)
[x] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[x] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or N-SAR, or portion thereof will be filed on or before
the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date;
and [Amended in Release No. 34-26589 (paragraph 72,435), effective April 12,
1989, 54 F.R. 10306.]
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached if applicable. <PAGE>
Part III Narrative
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within
the prescribed period. [Amended in Release No. 34-26589 (paragraph 72,435),
effective April 12, 1989, 54 FR 10306 and Release No. 34-30968 (paragraph
72,439), effective August 13, 1992, 57 FR 36442.]
To allow additional time to evaluate the impact of the financial
condition of USAir, Inc. (USAir) on the financial statements of the
Company. The Company derives significant cash flow from aircraft
leased to USAir and a significant portion of the Company's assets are
related to aircraft leased to USAir.
Part IV Other Information
(1) Name and telephone number of person to contact in regard to this
notification: Johanna Unger, Vice President & Controller at (619) 546-5007
(2) Have all other periodic reports required under section 13 or 15(d)
of the Securities Exchange Act of 1934 or section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is
no, identify report(s). [x] Yes [] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof? [ ] Yes [x] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
PS GROUP, INC.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 29, 1995 By /s/ Johanna Unger
Johanna Unger, Vice President & Controller
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).