GMACC
        COMMERCIAL
        FINANCE

                                                          November  30,  2002
     International  Airline  Support  Group,  Inc.
     1954  Airport  Road,  Suite  200
     Atlanta,  Georgia  30341

     Attention:  Mr.  Alexius  A.  Dyer  III

     Dear  Mr.  Dyer:

     Reference is hereby made to the letter agreement, dated as of September 20,
2002  between  International
     Airline  Support  Group,  Inc. (`Borrower") and GMAC Commercial Gtedit LLC,
formerly  known  as  BNY  Factoring
     LLC,  as  successor  to BNY Financial Corporation ("Lender"), as amended by
that  certain  letter  agreement  dated
     October  15,  2002  by  and  between Borrower and Lender (collectively, the
"Letter  Agreement").  Capitalized  terms
     not  otherwise  defined herein shall have the meanings given to them in the
Letter  Agreement.

     For  good  and valuable consideration, the receipt and sufficiency of which
is  hereby  acknowledged,  the
     parties  hereto  agree  that  subsection (iv) of the third paragraph of the
Letter  Agreement  is  bemby  amended  to  change
     the  date  from  "November  29,  2002"  to  "January  15,  2003".

     Except  as  expressly  provided  herein,  the  execution,  delivery  and
effectiveness  of  this  letter  shall  not  operate  as
     a  waiver  of  any of Leader's rights, powers or remedies, nor constitute a
waiver  of  any  provision  of  the  Letter  Agreement,
     the  Credit  Agreement  or  any  other documents, instruments or agreements
executed  and/or  delivered  thereunder  or  in
     connection  therewith  and  all  other documents, instruments or agreements
executed  and/or  delivered  in  connection
     them  shall  remain  in  full force and effect, and are hereby ratified and
conturned.

     This  letter  may  be  executed  by  the  parties  hereto  in  one  or more
counterparts,  each  of  which  shall  be
     deemed an original and all of which taken Together shall constitute one and
the  snare  consent  lens.  Any  signature
     delivered  by  a  party  by facsimile transmission shall be deemed to be an
original  signarue  hereto.

     Very  truly  yours,
     GMAC  COMMERCIAL  CREDIT  LLC

     BY:   /S/  Alexander  J.  Chobot
     Name:  Alexander  J.  Chobot
     Title:  Vice  President

     Acknowledged  and  Agreed  to:

     INTERNATIONAL  AIRLINE  SUPPORT  GROUP,  INC.
     By:  /S/  A.  A.  Dyer
     Name:  Alexius  A.  Dyer
     Title:  President