-----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, J5XGolrjlRd0TVDcEADzjXQCbwP3IK/M0dspCKjrcIkCf23+Tjk2mBkXY1QsUscq 5KMY6BUBDxnrPhTl25Wn4g== 0000930661-01-000104.txt : 20010123 0000930661-01-000104.hdr.sgml : 20010123 ACCESSION NUMBER: 0000930661-01-000104 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010119 GROUP MEMBERS: ALEX R. LIEBLONG GROUP MEMBERS: ALEX R. LIEBLONG IRA GROUP MEMBERS: JASON R. LIEBLONG GROUP MEMBERS: KEY COLONY FUND LP GROUP MEMBERS: KEY COLONY MANAGEMENT LLC GROUP MEMBERS: LIEBLONG TRANSPORT, INC. GROUP MEMBERS: PAUL SPANN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MICROFINANCIAL INC CENTRAL INDEX KEY: 0000827230 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 042962824 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-58187 FILM NUMBER: 1511809 BUSINESS ADDRESS: STREET 1: 950 WINTER STREET CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 7818900177 MAIL ADDRESS: STREET 1: 950 WINTER STREET CITY: WALTHAM STATE: MA ZIP: 02154 FORMER COMPANY: FORMER CONFORMED NAME: BOYLE LEASING TECHNOLOGIES INC DATE OF NAME CHANGE: 19980605 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KEY COLONY FUND LP CENTRAL INDEX KEY: 0001107345 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 911948637 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 10825 FINANCIAL CENTRE PKWY, SUITE 100 CITY: LITTLE ROCK STATE: AR ZIP: 72221 BUSINESS PHONE: 5012192003 MAIL ADDRESS: STREET 1: P.O. BOX 24520 CITY: LITTLE ROCK STATE: AK ZIP: 72221 SC 13D 1 0001.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 MICROFINANCIAL INCORPORATED (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of Class of Securities) 595072109 (CUSIP Number) Goodloe M. Partee, Esq. Kutak Rock LLP 425 West Capitol Avenue, Suite 1100 Little Rock, Arkansas 72201 (501) 975-3000 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) January 11, 2000 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box [ ] CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1. NAMES OF REPORTING PERSON Key Colony Fund, L.P. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 495,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 495,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 495,000 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.89% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IC - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Lieblong Transport, Inc. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 5,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 5,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 5,000 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .04% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 CO - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Alex R. Lieblong IRA I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Arkansas - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 4,100 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 4,100 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 4,100 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .03% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 EP - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Key Colony Management LLC I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 495,000 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 495,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 495,000 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.89% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 HC - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Alex R. Lieblong I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 591,700 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 37,600 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 591,700 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 37,600 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 629,300 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.95% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Paul Spann I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 8,900 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 8,900 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 8,900 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .07% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ CUSIP NO. 595072109 ----------------- - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Jason R. Lieblong I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only). - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS (See Instructions) 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 Not Applicable - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF 15,300 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 0 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING 15,300 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 0 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 15,300 - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 (See Instructions) Not Applicable - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .12% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (See Instructions) 14 IN - ------------------------------------------------------------------------------ ITEM 1. SECURITY AND ISSUER. This Schedule 13D relates to the Common Stock, par value $.01 per share (the "Common Stock"), of Microfinancial Incorporated, a Massachusetts corporation (the "Company"). The principal executive offices of the Company are located at 950 Winter Street, Waltham, MA 02451. ITEM 2. IDENTITY AND BACKGROUND. (a) This statement is filed by the following entities (the "Reporting Persons"): (i) Key Colony Fund, LP, a Delaware limited partnership (the "Fund"), with respect to shares of Common Stock held directly by it; (ii) Lieblong Transport, Inc., a Delaware corporation ("Transport"), with respect to shares of Common Stock held directly by it; (iii) Alex R. Lieblong IRA ("IRA"), with respect to shares of Common Stock held directly by it; (iv) Key Colony Management LLC, a Delaware limited liability company (the "General Partner"), with respect to shares of Common Stock held by the Fund; (v) Alex R. Lieblong, an United States citizen, with respect to shares of Common Stock held directly by him and shares held by the Fund, Transport and the IRA; (vi) Jason R. Lieblong, an United States citizen, with respect to shares of Common Stock held directly by him; and (vii) Paul Spann, an United States citizen, with respect to shares of Common Stock held directly by him. (b) The business address for each of the Reporting Persons is 10825 Financial Centre Parkway, Suite 100, Little Rock, AR 72211. (c) The Fund is a private investment partnership, and its general partner is the General Partner. Transport's business includes investments and the operation of an airplane, and it is controlled by Mr. Alex Lieblong, who also serves as its director and officer. The General Partner manages the Fund, and Mr. Lieblong is the General Partner's sole member. Messrs. Alex Lieblong, Jason Lieblong and Paul Spann are all employees of Lieblong & Associates, Inc., which is controlled by Mr. Alex Lieblong. The business address of Lieblong and Associates, Inc. is 10825 Financial Centre Parkway, Suite 100, Little Rock, AR 72211. (d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). (e) None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or maintaining activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) See (a) above. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Reporting Persons purchased an aggregate of 653,500 shares of the Common Stock of the Company with funds in the amount of $6,907,280. These funds were from the working capital of the business entities and the personal funds of the individuals. ITEM 4. PURPOSE OF TRANSACTION. The Common Stock of the Company was purchased by the Reporting Persons primarily for investment purposes. The Reporting Persons will evaluate the Company's financial condition, business operations and prospects, the market price of the Common Stock, alternative investment opportunities, conditions in the securities market generally and other factors on an ongoing basis. Accordingly, the Reporting Persons reserve the right to change their plans and intentions at any time. The reporting Persons specifically reserve the right to purchase additional shares or sell shares of Common Stock of the Company on the open market or in private transactions, to communicate with other shareholders of the Company, to seek the election of representation of any of the Reporting Persons or their associates to the Board of Directors of the Company and to take other action that could influence or control management of the Company. ITEM 5. INTEREST IN SECURITIES OF THE COMPANY. (a) Information with respect to the aggregate number, and percentage, of all shares of Common Stock beneficially owned as of January 18, 2001 by each of the Reporting Persons is set forth below. Percentage calculations are based on an assumed 12,710,946 shares of outstanding Common Stock, as shown on the Company Form 10-Q for the quarter ended September 30, 2000. SHARES OF PERCENTAGE OF --------- ------------- NAME COMMON STOCK OUTSTANDING - ---- ------------ ----------- SHARES ------ Key Colony Fund, L.P. 495,000 3.89% Lieblong Transport, Inc. 5,000 .04% Alex R. Lieblong IRA 4,100 .03% Key Colony Management LLC 495,000 3.89% Alex R. Lieblong 629,300 4.95% Paul Spann 8,900 .07% Jason R. Lieblong 15,300 .12% (b) The Reporting Persons' response to Items 7 through 13 of the cover pages of this Schedule 13D relating to beneficial ownership of shares of Common Stock are incorporated herein by reference. Mr. Alex R. Lieblong, as manager of the General Partner and shareholder and director of Transport, has the sole power to vote and dispose of the shares of Common Stock beneficially owned by the Fund, the General Partner, Transport and the IRA. (c) The Reporting Persons, at the present time, collectively own 653,500 shares of the Common Stock (constituting approximately 5.14% of all of the outstanding shares of Common Stock). Transactions in the open market by the Fund and Mr. Jason R. Lieblong in shares of Common Stock of the Company in the last sixty days are listed below. No other Reporting Person effected transactions in the Common Stock in the last 60 days. KEY COLONY FUND, L.P. NUMBER PRICE ------ ----- DATE OF SHARES PER SHARE ---- --------- --------- 1/18/01 1,900 12.875 1/12/01 5,000 12.5 1/11/01 2,500 12.5 1/9/01 10,000 12.375 1/8/01 2,700 12.5 1/3/01 1,000 12 1/2/01 2,000 11.75 12/19/00 1,500 11.5 12/18/00 7,900 11.25 12/15/00 500 11.25 12/1/00 1,500 10.5 11/24/00 2,100 10.375 11/24/00 3,000 10.375 11/20/00 10,000 10 11/16/00 3,000 10.125 11/16/00 6,000 10.1875 JASON R. LIEBLONG NUMBER PRICE ------ ----- DATE OF SHARES PER SHARE ---- --------- --------- 12/18/00 2,500 11.250 NUMBER PRICE ------ ----- DATE OF SHARES PER SHARE ---- --------- --------- 12/18/00 2,000 11.250 12/11/00 1,800 11.375 11/28/00 2,000 10.938 11/28/00 1,000 10.938 11/28/00 1,000 10.813 (d) Except for Ms. JoAnn Lieblong, who shares voting and dispositive power with Mr. Alex R. Lieblong with respect to 37,600 shares of Common Stock, no other person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds of sale of, any of the Common Stock beneficially owned by the Reporting Persons. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE COMPANY. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit A - Agreement as to joint filings pursuant to Regulation Section 240.13d-1(k)(1)(iii). SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 18, 2000 KEY COLONY FUND, L.P. By: Key Colony Management LLC By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: Manager LIEBLONG TRANSPORT, INC. By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: President ALEX R. LIEBLONG IRA /s/ Alex R. Lieblong KEY COLONY MANAGEMENT LLC By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: Manager PAUL SPANN /s/ Paul Spann ALEX R. LIEBLONG /s/ Alex R. Lieblong JASON R. LIEBLONG /s/ Jason R. Lieblong EXHIBIT A --------- AGREEMENT AS TO JOINT FILING Pursuant to Regulation Section 240.13d-1(k)(1)(iii), the undersigned acknowledge and agree that the attached Schedule 13D relating to International Aircraft Investors is being filed on behalf of each of the undersigned. Dated: January 18, 2000 KEY COLONY FUND, L.P. By: Key Colony Management LLC By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: Manager LIEBLONG TRANSPORT, INC. By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: President ALEX R. LIEBLONG IRA /s/ Alex R. Lieblong KEY COLONY MANAGEMENT LLC By: /s/ Alex R. Lieblong Name: Alex R. Lieblong Title: Manager PAUL SPANN /s/ Paul Spann ALEX R. LIEBLONG /s/ Alex R. Lieblong JASON R. LIEBLONG /s/ Jason R. Lieblong -----END PRIVACY-ENHANCED MESSAGE-----