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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12B-25

                                                Commission File Number 001-12893
                                                                       ---------

                           NOTIFICATION OF LATE FILING

(Check  One):  Form  10-K              Form  11-K             Form  20-F
Form  10-Q             Form  N-SAR

For  Period  Ended:       February  28,  2003

  Transition  Report  on  Form  10-K            Transition  Report  on Form 10-Q
  Transition  Report  on  Form  20-F            Transition  Report on Form N-SAR
  Transition  Report  on  Form  11-K
For  the  Transition  Period  Ended:
___________________________________________________________

Read  attached  instruction  sheet before preparing form.  Please print or type.

     Nothing  in this report shall be construed to imply that the Commission has
verified  any  information  contained  herein.

     If  the  notification  relates  to  a  portion of the filing checked above,
identify  the  item(s)  to  which  the  information  relates:
____________________________________________________________________________
_
_____________


                                     PART I
                             REGISTRANT INFORMATION

Full  name  of  registrant     International  Airline  Support  Group,  Inc.
                            ------------------------------------------------
Former  name  if  applicable
Address of principal executive office (Street and number)     1954 Airport Road,
                                                              ------------------
Suite  200
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City,  state  and  zip  code     Atlanta,  GA  30341
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                                     PART II
                             RULE 12B-25 (B) AND (C)

     If  the  subject  report  could not be filed without unreasonable effort or
expense  and  the  registrant  seeks  relief  pursuant  to  Rule  12b-25(b), the
following  should  be  completed.  (Check  box  if  appropriate.)

(a)     The  reasons  described  below  in reasonable detail in Part III of this
form
     could  not  be  eliminated  without  unreasonable  effort  or  expense;
     (b)     The subject annual report, semi-annual report, transition report on
Form
     10-K,  20-F,  11-K  of  Form  N-SAR, or portion thereof will be filed on or



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     before  the  15th  calendar  day  following the prescribed due date; or the
     subject  quarterly  report  or  transition  report on Form 10-Q, or portion
     thereof  will  be  filed  on or before the fifth calendar day following the
     prescribed  due  date;  and
(c)     The  accountant's  statement or other exhibit required by Rule 12b-25(c)
has  been  attached  if  applicable.

                                    PART III
                                    NARRATIVE

     State  below  in  reasonable  detail the reasons why Form 10-K, 11-K, 20-F,
10-Q,  N-SAR  or the transition report portion thereof could not be filed within
the  prescribed  time  period.  (Attach  extra  sheets  if  needed.)

The  Registrant  is  evaluating  whether  or  not  it  should  file  a notice of
termination  of its obligation to file reports under the Securities Exchange Act
of  1934,  as  amended.  The Registrant's board of directors is considering this
issue.  If  the  board  approves  the  filing  of the notice of termination, the
Registrant will not file its Quarterly Report on Form 10-Q for the quarter ended
February  28,  2003.

                                     PART IV
                                OTHER INFORMATION

(1)     Name  and  telephone  number  of  person  to  contact  in regard to this
notification:

   Alexius  A.  Dyer
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770-455-7575
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(Name)
(Area  Code)     (Telephone  Number)

(2)     Have  all  other  periodic reports required under Section 13 or 15(d) of
the  Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of  1940  during  the  preceding  12  months or for such shorter period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify  the  report(s).
 Yes       No
(3)     Is  it  anticipated  that  any  significant  change  in  the  results of
operations  from  the  corresponding  period  for  the  last fiscal year will be
reflected  by  the  earnings  statements to be included in the subject report or
portion  thereof?
 Yes           No

If  so:  attach  an  explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of  the  results  cannot  be  made.




                   International Airline Support Group,  Inc.
                   ------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has  caused  this  notification  to  be  signed on its behalf by the undersigned
thereunto  duly  authorized.

Date:  April  15,  2003     By:     /s/  Alexius  A.  Dyer  III
      -----------------             ---------------------------
     Chairman,  President  and
     Chief  Executive  Officer