UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
(Mark One)
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1996
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
COMMISSION FILE NUMBER 0-26106
KIWI INTERNATIONAL AIR LINES, INC.
Incorporated in the State of New Jersey
22-3158467
(I.R.S. Employer
Identification Number)
Hemisphere Center
Newark, NJ 07114-0006
(Principal Executive Office)
Telephone Number: (201) 645-1133
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months and (2) has been subject to such
filing requirements for the past 90 days. Yes (X) No ( )
As of September 30, 1996, there were outstanding 2,009,208 shares of
Class A Common Stock (no par value) and 1,824,073 shares of Class C Common
Stock (no par value) of the registrant.
<PAGE>
KIWI INTERNATIONAL AIR LINES, INC.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
The following exhibits are filed herewith:
3.1 Amendment and Restated Certificate of Incorporation*
3.2 Amended and Restated By-Laws*
3.3 Exhibit 27
(b) Reports of Form 8-K Filed During the Quarter Ended June 30, 1996
None.
* Previously Filed Exhibits
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
balance sheet and statement of operations, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000889013
<NAME> KIWI INTERNATIONAL AIR LINES, INC.
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 337,756
<SECURITIES> 919,875
<RECEIVABLES> 10,732,141
<ALLOWANCES> (1,936,099)
<INVENTORY> 878,521
<CURRENT-ASSETS> 28,526,296
<PP&E> 8,214,215
<DEPRECIATION> (2,115,802)
<TOTAL-ASSETS> 36,016,565
<CURRENT-LIABILITIES> 61,053,882
<BONDS> 1,180,714
0
0
<COMMON> 18,269,678
<OTHER-SE> (44,487,709)
<TOTAL-LIABILITY-AND-EQUITY> 36,016,565
<SALES> 133,569,073
<TOTAL-REVENUES> 140,924,037
<CGS> 107,862,192
<TOTAL-COSTS> 145,790,736
<OTHER-EXPENSES> 227,712
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 497,946
<INCOME-PRETAX> (5,320,807)
<INCOME-TAX> 20,704
<INCOME-CONTINUING> (5,300,103)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (5,300,103)
<EPS-PRIMARY> 0.00
<EPS-DILUTED> (1.37)
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