SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 15

Certification and Notice of Termination of Registration
under Section 12(g) of the Securities Exchange Act of 1934
or Suspension of Duty to File Reports Under Sections 13 and 15(d)
of the Securities Exchange Act of 1934

Commission File No. 000-22249

International Aircraft Investors

(Exact name of registrant as specified in its charter)

3655 Torrance Boulevard, Suite 410
(Address, including zip code and telephone number, including area
code, of registrant’s principal executive offices)

Common Stock, $0.01 par value
(Title of each class of securities covered by this Form)

Inapplicable
(Titles of all other classes of securities for which a duty to file
reports under section 13(a) or 15(d) remains)

     Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)(i)	x	Rule 12h-3(b)(1)(ii)	o
Rule 12g-4(a)(1)(ii)	o	Rule 12h-3(b)(2)(i)	o
Rule 12g-4(a)(2)(i)	o	Rule 12h-3(b)(2)(ii)	o
Rule 12g-4(a)(2)(ii)	o	Rule 15d-6	o
Rule 12h-3(b)(1)(i)	o

     Approximate number of holders of record as of the certification or notice date: 1.

     Pursuant to the requirements of the Securities Exchange Act of 1934, International Aircraft Investors has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Dated:	December 27, 2002	By:	/s/ William E. Lindsey
			William E. Lindsey Chief Executive Officer