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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __________)1
RENO AIR, INC.
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(Name of issuer)
COMMON STOCK, par value $.01 per share
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(Title of class of securities)
759741101
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(CUSIP number)
June 15, 1998
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Continued on the following pages)
(Page 1 of 8 Pages)
- --------------------------------
1The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13G
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CUSIP No. 759741101 Page 2 of 8 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Investment Partners, L.P.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------- ----- --------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 770,291
BENEFICIALLY ----- --------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING None
PERSON ----- --------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
770,291
----- --------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
552,900 shares of Common Stock plus 217,391 shares on conversion
of Series A Convertible Preferred Stock, which equals 770,291 total
shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------------ -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 759741101 Page 3 of 8 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Group, L.P.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------- ----- --------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 770,291
BENEFICIALLY ----- --------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING None
PERSON ----- --------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
770,291
----- --------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
552,900 shares of Common Stock plus 217,391 shares on conversion of
Series A Convertible Preferred Stock, which equals 770,291 total
shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------------ -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 759741101 Page 4 of 8 Pages
- --------------------------------------------------------------------------------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
PAR Capital Management, Inc.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------- ----- --------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 770,291
BENEFICIALLY ----- --------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING None
PERSON ----- --------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
770,291
----- --------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- ------------ -------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
552,900 shares of Common Stock plus 217,391 shares on conversion of
Series A Convertible Preferred Stock, which equals 770,291 total
shares
- ------------ -------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.2%
- ------------ -------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
- ------------ -------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
STATEMENT ON SCHEDULE 13G
Item 1(a). Name of Issuer:
Reno Air, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
220 Edison Way
Reno, NV 89501-3059
Item 2(a). Names of Person Filing:
Par Investment Partners, L.P.
Par Group, L.P.
Par Capital Management, Inc.
Item 2(b). Business Mailing Address for the Person Filing:
Par Capital Management, Inc.
One Financial Center, Suite 1600
Boston, MA 02111
Item 2(c). Citizenship:
State of Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
759741101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
552,900 shares of Common Stock plus 217,391
shares on conversion of Series A Convertible
Preferred Stock, which equals 770,291 total
shares
(b) Percent of Class:
5.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
552,900 shares of Common Stock plus 217,391
shares on conversion of Series A Convertible
Preferred Stock,
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which equals 770,291 total shares
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the
disposition of:
552,900 shares of Common Stock plus 217,391
shares on conversion of Series A Convertible
Preferred Stock, which equals 770,291 total
shares
(iv) shared power to dispose or to direct the
disposition of:
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 15, 1998
PAR INVESTMENT PARTNERS, L.P.
By: PAR GROUP, L.P.
its general partner
By: PAR CAPITAL MANAGEMENT, INC.
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR GROUP, L.P.
By: PAR CAPITAL MANAGEMENT, INC.,
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR CAPITAL MANAGEMENT, INC.
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
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JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Stock of Broadway & Seymour, Inc. and further agree that this
agreement be included as an exhibit to such filing. Each party to the agreement
expressly authorizes each other party to file on its behalf any and all
amendments to such statement. Each party to this agreement agrees that this
joint filing agreement may be signed in counterparts.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 15th day of June, 1998.
PAR INVESTMENT PARTNERS, L.P.
By: PAR GROUP, L.P.
its general partner
By: PAR CAPITAL MANAGEMENT, INC.
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR GROUP, L.P.
By: PAR CAPITAL MANAGEMENT, INC.,
its general partner
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
PAR CAPITAL MANAGEMENT, INC.
By: /s/ Frederick S. Downs, Jr.
---------------------------------------
Frederick S. Downs, Jr., Vice President
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