1

                                                                    Exhibit 22.1

                                SUBSIDIARY LIST

1.     AEG Finance Corp, a Delaware corporation, wholly owned by Maytag Aircraft
       Corporation

2.     Mercury Acceptance Corporation, Inc., a California corporation, wholly
       owned by Mercury Air Group, Inc.

3.     Maytag Aircraft Corporation, a Colorado corporation, wholly owned by
       Mercury Air Group, Inc.

4.     Mercury Air Cargo, Inc., a California corporation, wholly owned by
       Mercury Air Group, Inc.

5.     Hermes Aviation, Inc., a California corporation, wholly owned by Mercury
       Air Cargo, Inc.

6.     Pegasus de Mexico S.A. de C.V., a Mexican corporation, owned 99% by
       Mercury Air Cargo, Inc. and 1% by Hermes Aviation, Inc.

7.     Excel Cargo, Inc., a California corporation, wholly owned by Mercury Air
       Group, Inc.

8.     Vulcan Aviation, Inc., a California corporation, wholly owned by Mercury
       Air Cargo, Inc.

9.     Maytag Aircraft Corporation, a Cayman corporation, wholly owned by Maytag
       Aircraft Corporation.

10.    Mercury Air Centers, Inc., a California corporation, wholly owned by
       Mercury Air Group, Inc.

11.    Jupiter Airline Automation Services, Inc., a Florida corporation, wholly
       owned by Mercury Air Group, Inc.

12.    RPA Airline Automation Services, Division El Salvador S.A. de C.V., an El
       Salvadorian corporation, 99% owned by RPA Airline Automation Service,
       Inc. and 1% owned by Mercury Air Group, Inc.

13.    Hermes Aviation Canada, Inc., a Canadian corporation, wholly owned by
       Excel Cargo, Inc.

14.    Hermes de Mexico S.A. de C.V., a Mexican corporation, owned 99% by
       Mercury Air Cargo, Inc. and 1% by Hermes Aviation, Inc.

15.    MercFuel, Inc., a Delaware Corporation, wholly owned by Mercury Air
       Group, Inc.