EXHIBIT 10.24

                     [LETTERHEAD OF GMAC COMMERCIAL FINANCE]



                                OCTOBER 15, 2002



International  Airline  Support  Group,  Inc.
1954  Airport  Road,  Suite  200
Atlanta,  GA  30341
Attention:  Mr.  Alexius  A.  Dyer  III


Dear  Mr.  Dyer:

     Reference is hereby made to the Letter Agreement, dated as of September 20,
2002 (the "Letter Agreement"), between International Airline Support Group, Inc.
("Borrower")  and  GMAC  Commercial  Credit  LLC  as  successor to BNY Financial
Corporation  ("Lender").  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 hereby amended to change the date
from  "October  15,  2002"  to  "October  31,  2002."

     Except  as  expressly  provided  herein,  the  execution,  delivery  and
effectiveness  of  this  letter shall not operate as a waiver of any of Lender'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  and agreements executed and/or delivered in
connection  therewith  shall  remain  in  full  force  and effect and are hereby
ratified  and  confirmed.

     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  same  consent letter.  Any signature
delivered by a party by facsimile transmission shall be deemed to be an original
signature  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/  Alexis  A.  Dyer  III
     --------------------------
     Name:  Alexius  A.  Dyer  III
     Title:    Chairman,  President  and  Chief  Executive  Officer