-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LwA262PlNqurrQ/AhPOAJjK4TK3/hDrGuW/2OX6vxSV98c1Etj0k67lVYDIdBieI rMWQ9eMyfkHY9cUTEtLzHQ== 0000909518-99-000739.txt : 19991230 0000909518-99-000739.hdr.sgml : 19991230 ACCESSION NUMBER: 0000909518-99-000739 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19991229 GROUP MEMBERS: AEROEQUITY, INC. GROUP MEMBERS: AEROGROUP I, LTD. CO, GROUP MEMBERS: BRIAN H. ROWE GROUP MEMBERS: CONESE CAPITAL, L.L.C. GROUP MEMBERS: CONESE FAMILY PARTNERSHIP (NEVADA), L.P. GROUP MEMBERS: CONESE GENERAL PARTNER (NEVADA), INC. GROUP MEMBERS: DAN KOMNENOVICH GROUP MEMBERS: EUGENE P. CONESE, SR. GROUP MEMBERS: KINCAID CAPITAL GROUP GROUP MEMBERS: NOLAN ACQUISITION GROUP, L.P. GROUP MEMBERS: NOLAN ACQUISITION PARTNERS GROUP MEMBERS: RICHARD JONES GROUP MEMBERS: THOMAS R. KINCAID SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVIALL INC CENTRAL INDEX KEY: 0000701650 STANDARD INDUSTRIAL CLASSIFICATION: AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581] IRS NUMBER: 650433083 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43471 FILM NUMBER: 99783125 BUSINESS ADDRESS: STREET 1: 2055 DIPLOMAT DR CITY: DALLAS STATE: TX ZIP: 75234-8989 BUSINESS PHONE: 2149565000 MAIL ADDRESS: STREET 1: 2055 DIPLOMAT DR CITY: DALLAS STATE: TX ZIP: 75234-8989 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NOLAN ACQUISITION PARTNERS CENTRAL INDEX KEY: 0001073128 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 125 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 190 CITY: IRVING STATE: TX ZIP: 75062 MAIL ADDRESS: STREET 1: 125 EAST JOHN CARPENTER FREEWAY STREET 2: SUITE 190 CITY: IRVING STATE: TX ZIP: 75062 SC 13D/A 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 10) ---------- 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) December 29, 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.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 21 pages) ================================================================================ NY2:\861753\02
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 2 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- -------------------------------------------------------------------------------------------------------
2
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 3 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 726,450 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 726,450 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- -------------------------------------------------------------------------------------------------------
3
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 4 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON KINCAID CAPITAL GROUP, S.S. OR I.R.S. IDENTIFICATION NO. a Texas corporation OF ABOVE PERSON 75-2779494 - ---------------------- ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- -------------------------------------------------------------------------------------------------------
4
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 5 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
5
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 6 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
6
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 7 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
7
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 8 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 726,450 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 726,450 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ---------------------- -------------------------------------------------------------------------------------------------------
8
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 9 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - ---------------------- -------------------------------------------------------------------------------------------------------
9
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 10 of 21 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) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- -------------------------------------------------------------------------------------------------------
10
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 11 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON EUGENE P. CONESE, SR. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 726,450 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 726,450 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.0% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
11
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 12 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON AEROGROUP I, LTD. CO. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------- ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Georgia - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 136,429 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 136,429 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - ---------------------- -------------------------------------------------------------------------------------------------------
12
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 13 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON AEROEQUITY, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------- ------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: AF - ---------------------- ------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 136,429 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 136,429 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ---------------------- -------------------------------------------------------------------------------------------------------
13
- ----------------------------------------------------------- -------------------------------------------------------- CUSIP No. 05366B102 13D Page 14 of 21 Pages - ----------------------------------------------------------- -------------------------------------------------------- - ---------------------- ------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON BRIAN H. ROWE S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ---------------------- ------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (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 - ---------------------- ------------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 136,429 OWNED BY ------------------- ------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING ------------------- ------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 136,429 - ---------------------- ------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,429 - ---------------------- ------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ---------------------- ------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.8% - ---------------------- ------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - ---------------------- -------------------------------------------------------------------------------------------------------
14 This Amendment No. 10 ("Amendment No. 10") 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, Amendment No. 2 filed on January 22, 1999, Amendment No. 3 filed on February 2, 1999, Amendment No. 4 filed on March 2, 1999, Amendment No. 5 filed on March 12, 1999, Amendment No. 6 filed on August 18, 1999, Amendment No. 7 filed on September 2, 1999, Amendment No. 8 filed on September 27, 1999 and Amendment No. 9 filed on October 20, 1999 by and on behalf of the following persons (collectively, the "Original 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, Sr. ("Conese, Sr."). Amendment No. 5 also added AeroGroup I, Ltd. Co., a Georgia limited liability company ("AeroGroup"), AeroEquity, Inc. a Florida corporation ("AeroEquity") and Brian H. Rowe ("Rowe" and, collectively with AeroGroup and AeroEquity, the "Rowe Group") as reporting persons (the Rowe Group, together with the Original Reporting Persons, being referred to collectively as the "Reporting Persons"). Except as otherwise indicated, capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Schedule 13D. As used herein, the "Company" or the "Issuer" shall mean Aviall, Inc. ITEM 2. IDENTITY AND BACKGROUND. The parties to the NAP General Partnership Agreement, pursuant to its terms, agreed to terminate and dissolve NAP effective December 29, 1999 (the "NAP Termination Agreement"). In connection therewith, NAP also delivered notice to AeroEquity, Inc., terminating the NAP/AeroEquity Agreement pursuant to its terms effective December 29, 1999 (the "AeroEquity Termination Letter"). A copy of the NAP Termination Agreement and the AeroEquity Termination Letter are each filed as Exhibits hereto and incorporated herein by reference. Except as indicated above, the information set forth in Item 2 of the Schedule 13D remains the same. ITEM 4. PURPOSE OF TRANSACTION. As a result of the termination and dissolution of NAP and the termination of the NAP/AeroEquity Agreement, each of the parties to these agreements is free to pursue its own independent investment objectives with respect to holding, voting, acquiring or disposing of shares of Common Stock. In this regard, because such parties should no longer be deemed to constitute a "group," for purposes of the Issuer's "poison pill" rights plan, the level of any party's beneficial ownership of Common Stock should not be attributable to any other such party under such plan. 15 The Reporting Persons may from time to time (i) acquire additional Common Stock (subject to availability at prices deemed favorable) in the open market, in privately negotiated transactions or otherwise, or (ii) dispose of Common Stock at prices deemed favorable in the open market, in privately negotiated transactions or otherwise. Except as set forth above, the Reporting Persons have no plans or proposals that would result in or relate to any of the matters set forth in subparagraphs (a) though (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date of this Statement, the Reporting Persons beneficially owned an aggregate of 1,589,329 shares of Common Stock, constituting approximately 8.7% of the issued and outstanding shares of Common Stock of the Issuer (the percentage of shares owned being based upon 18,271,576 shares outstanding on November 5, 1999, as set forth in the Company's quarterly report on Form 10-Q for the fiscal quarter ended September 30, 1999). NAG may be deemed to have direct beneficial ownership of 726,450 shares of Common Stock and CCL may be deemed to have direct ownership of 726,450 shares of Common Stock. As more fully described in item (b) below: (i) each of Kincaid Capital, Kincaid, Jones and Komnenovich (collectively, the "Kincaid Stockholders") may be deemed to be a beneficial owner of such shares of Common Stock beneficially owned directly by NAG and (ii) each of CFP, CGN and Conese, Sr. (collectively, the "Conese Stockholders") may be deemed to be a beneficial owner of such shares of Common Stock beneficially owned directly by CCL. AeroGroup may be deemed to have direct beneficial ownership of 136,429 shares of Common Stock. As more fully described in item (b) below, each of AeroEquity and Rowe may be deemed to be a beneficial owner of such shares of Common Stock beneficially owned directly by AeroGroup. The Kincaid Stockholders and the Conese Stockholders disclaim beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Rowe Group; the Rowe Group disclaims beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Kincaid Stockholders or the Conese Stockholders; the Kincaid Stockholders disclaim beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Conese Stockholders; and the Conese Stockholders disclaim beneficial ownership of the shares of Common Stock that may be deemed to be beneficially owned by the Kincaid Stockholders. (b) Kincaid Capital, as General Partner of NAG, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Exchange Act ("Rule 13d-3")) shares of Common Stock that NAG may be deemed to beneficially own. Each of Kincaid, Jones and Komnenovich, as officers, directors and stockholders of Kincaid Capital, may be deemed to beneficially own shares of Common Stock that Kincaid Capital may be deemed to beneficially own. Each of Messrs. Kincaid, Jones and Komnenovich disclaims beneficial ownership of such shares of Common Stock for all other purposes. 16 CFP, the sole member of CCL, may be deemed to own beneficially (as that term is defined in Rule 13d-3) shares of Common Stock that CCL may be deemed to beneficially own. CGN, as the General Partner of CFP, may be deemed to own beneficially shares of Common Stock that CFP may be deemed to beneficially own. Conese, Sr., as the sole stockholder of CGN, may be deemed to beneficially own shares of Common Stock that CGN may be deemed to beneficially own. Mr. Conese, Sr. disclaims beneficial ownership of such shares of Common Stock for all other purposes. AeroEquity, as the sole member of AeroGroup, may be deemed to beneficially own (as that term is defined in Rule 13d-3) shares of Common Stock of which AeroGroup may be deemed to possess direct beneficial ownership. Rowe, as controlling shareholder, a director and President of AeroEquity, may be deemed to beneficially own shares of Common Stock beneficially owned by AeroEquity. Each of AeroEquity and Mr. Rowe disclaims beneficial ownership of the shares of Common Stock owned by AeroGroup for all other purposes. (c) On December 29, 1999 NAP transferred beneficial ownership of 726,450 shares of Common Stock to NAG and 726,450 shares of Common Stock to CCL in connection with the dissolution and liquidation of NAP. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock. (e) As of December 29, 1999, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Issuer's Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The termination and dissolution of NAP and the termination of the NAP/AeroEquity Agreement terminates any and all contracts, arrangements, understandings or relationships between or among the partners of NAP or between NAP and AeroEquity regarding the holding, voting or disposition of any securities of the Issuer. As a result of the events described in this Amendment No. 10, as of December 29, 1999 the Rowe Group and each of the partners in NAP each beneficially owned less than five percent of the outstanding Common Stock. Except as described above or as previously disclosed in the Schedule 13D, the Reporting Persons have no contracts, arrangements, understandings or relationships with respect to the securities of the Issuer. 17 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 16: Termination Agreement, dated as of December 29, 1999, by and between Nolan Acquisition Group, L.P. and Conese Capital, L.L.C. Exhibit 17: Letter, dated December 29, 1999, from NAP to AeroEquity. 18 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: December 29, 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 19 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, Sr. --------------------------------------------------- Eugene P. Conese, Sr. 20 AEROEQUITY, INC. By: /s/ Brian H. Rowe ---------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President AEROGROUP I, LTD. CO. By: AeroEquity, Inc., its sole member By: /s/ Brian H. Rowe ------------------------------------------- Print Name: Brian H. Rowe Title: Chairman and President /s/ Brian H. Rowe ---------------------------------------------------- Brian H. Rowe 21 EXHIBIT INDEX Exhibit 16: Termination Agreement, dated as of December 29, 1999, by and between Nolan Acquisition Group, L.P. and Conese Capital, L.L.C. Exhibit 17: Letter, dated December 29, 1999, from NAP to AeroEquity. EX-16 2 EXHIBIT 16 ---------- NOLAN ACQUISITION PARTNERS TERMINATION AGREEMENT THIS TERMINATION AGREEMENT (this "Agreement") of Nolan Acquisition Partners (the "Partnership") is made as of December 29, 1999, by and between Nolan Acquisition Group, L.P., a Delaware limited partnership and Conese Capital, L.L.C., a Delaware limited liability company (together, the "Partners"). R E C I T A L S --------------- WHEREAS, the Partners are all of the partners of the Partnership; and WHEREAS, the Partners believe that it is in their best interests to terminate and dissolve the Partnership so that each of them will be free to pursue its own investment, tax and other objectives and purposes with respect to their respective investments in the securities of Aviall, Inc., a Delaware corporation. NOW THEREFORE, in consideration of the mutual covenants set forth in this Agreement, the parties hereto hereby agree terminate and dissolve the Partnership upon the following terms and conditions and in accordance with the terms of the General Partnership Agreement, dated as of October 20, 1998, between the Partners (the "Partnership Agreement"), that formed the Partnership. A G R E E M E N T ----------------- SECTION 1 NOTICE. The parties hereto agree that this Agreement shall serve as the written notice referred to in Section 9.1(d) of the Partnership Agreement that shall cause a dissolution of the Partnership. SECTION 2 DISSOLUTION. The termination and dissolution of the Partnership shall occur as of the close of business on December 29, 1999. SECTION 3 PARTNERSHIP AGREEMENT GOVERNS. The terms and conditions of the Partnership Agreement, including, without limitation, such terms as may govern the dissolution and winding up of the Partnership, shall be unchanged except as provided in this Agreement. NY2:\861590\01 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written. NOLAN ACQUISITION GROUP, L.P. CONESE CAPITAL, L.L.C. By: KINCAID CAPITAL GROUP, By: CONESE FAMILY PARTNERSHIP - a Texas Corporation, its general NEVADA, L.P., its Managing partner Member By: CONESE GENERAL PARTNER (Nevada), INC., its general partner By /s/ Thomas R. Kincaid By /s/ Eugene P. Conese, Jr. ---------------------------- ---------------------------- Thomas R. Kincaid Eugene P. Conese, Jr. President Vice President 2 EX-17 3 EXHIBIT 17 ---------- NOLAN ACQUISITION PARTNERS 125 E. JOHN CARPENTER FREEWAY IRVING, TEXAS 75062 December 29, 1999 AeroEquity, Inc. c/o Brian H. Rowe 7414 Hodgson Memorial Drive Savannah, Georgia 31411 Dear Brian: Reference is made to that letter agreement, dated as of March 11, 1999, between Nolan Acquisition Partners and AeroEquity, Inc., regarding our respective interests as stockholders of Aviall, Inc. (the "Letter Agreement"). Pursuant to Paragraph 8 of the Letter Agreement, this letter shall serve as a notice of termination of the Letter Agreement as provided therein, to be effective as of December 29, 1999. Very truly yours, 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/ Thomas R. Kincaid ---------------------------------------- Thomas R. Kincaid President NY2:\861598\01 -----END PRIVACY-ENHANCED MESSAGE-----