SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)1
TOWER AIR, INC.
(Name of Issuer)
Common Stock, Par Value $ .01 Per Share
(Title of Class of Securities)
891697104
(CUSIP Number)
---------------
Check the following box if a fee is being paid with this
statement |_|. (A fee is not required only if the filing person: (1) has
a previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and (2) has
filed no amendment subsequent thereto reporting beneficial ownership of
five percent or less of such class.) (See Rule 13d-7.)
CUSIP No. 891697104 13G
- -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NACHTOMI FAMILY LIMITED PARTNERSHIP (133736034)
- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- -------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- -------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 11,733,006
BENEFICIALLY
OWNED BY ----------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON ----------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
11,733,006
----------------------------------------------
8 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,733,006
- -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
76.7%
- -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------
CUSIP No. 891697104
Item 1(a) - Name of Issuer: Tower Air, Inc. ("Tower Air")
Item 1(b) - Address of Principal Executive Offices:
Hanger 17
JFK International Airport
Jamaica, New York 11430
Item 2(a) - Name of Person Filing:
Nachtomi Family Limited Partnership
Item 2(b) - Address of Principal Business Office or, if none, Residence:
Hanger 17
JFK International Airport
Jamaica, New York 11430
Item 2(c) - Place of Organization:
New York
Item 2(d) - Title of Class of Securities:
Common Stock, par value $ .01 per share
Item 2(e) - CUSIP Number: 891697104
Item 3 - Statements Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
Not Applicable
Item 4 - Ownership.
(a) Amount Beneficially Owned:
The Nachtomi Family Limited Partnership owns 11,733,006
shares of Common Stock.
(b) Percent of Class
76.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
11,733,006 shares of Common Stock
(ii) Shared power to vote or to direct the vote:
none
(iii) Sole power to dispose or to direct the
disposition of:
11,733,006 shares Common Stock
(iv) Shared power to dispose or to direct the
disposition of:
none
Item 5 - Ownership of 5% or Less of a Class:
Not Applicable
Item 6 - Ownership of More Than 5% on Behalf of Another Person:
Not Applicable
Item 7 - Identification and Classification of the Subsidiary
which Acquired the Security being Reported on by the
Parent Holding Company:
Not Applicable
Item 8 - Identification and Classification of Members of the Group:
Not Applicable
Item 9 - Notice of Dissolution of Group:
Not Applicable
Item 10 - Certification:
Not Applicable
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.
/s/ Morris K. Nachtomi
NACHTOMI FAMILY LIMITED PARTNERSHIP
By: Morris K. Nachtomi
Managing Partner
Date: February 27, 1997
