<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>4
<FILENAME>dex21.txt
<DESCRIPTION>SUBSIDIARIES OF THE COMPANY
<TEXT>
<PAGE>

                                                                     Exhibit 21

                        SUBSIDIARIES OF PEMCO AVIATION GROUP, INC.

Name of Subsidiary                               State of Organization
------------------                               ---------------------

Pemco Aeroplex, Inc.                                    Alabama
Pemco World Air Services, Inc                           Delaware
Pemco Air Services System, Inc.                         Colorado
Pemco Engineers Inc.                                    Delaware
Space Vector Corporation                                Delaware
Air International Incorporated                          Delaware

</TEXT>
</DOCUMENT>