SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Tower Air, Inc.
____________________________________________________________
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
____________________________________________________________
(Title of Class of Securities)
891697104
____________________________________________________________
(CUSIP Number)
Morris K. Nachtomi
Chairman and Chief Executive Officer
Tower Air, Inc.
Hanger 17
JFK International Airport
Jamaica, New York 11430
(718) 553-4310
_____________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
David S. Goldschmidt
Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
(212) 735-3000
August 20, 1998
_________________________________________________________________________
(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 that 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: ( )
SCHEDULE 13D
CUSIP No. 891697104
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morris K. Nachtomi (###-##-####)
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (X)
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 11,733,006 shares of Common Stock
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY - Shares of Common Stock (1)
EACH 91,031 shares of Common Stock
REPORTING -----------------------------------
PERSON (9) SOLE DISPOSITIVE POWER
WITH 11,733,006 shares of Common Stock
___________________________________
(10) SHARED DISPOSITIVE POWER
- Shares of Common Stock (1)
91,031 shares of Common Stock
-------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,824,037 shares of Common Stock
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
75.9%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
(1) Shares owned jointly with Suzan N. Nachtomi.
SCHEDULE 13D
CUSIP No. 891697104
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Nachtomi Family Limited Partnership (133736034).
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) (X)
(b) ( )
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
PF
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) (X)
__________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_________________________________________________________________
(7) SOLE VOTING POWER
NUMBER OF 11,733,006 shares of Common Stock
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY Not applicable
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON 11,733,006 shares of Common Stock
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
Not applicable
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,733,006 shares of Common Stock
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* ( )
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
75.3%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
The following constitutes the Schedule 13D filed by the undersigned
(the "Schedule 13D").
Item 1. Security and Issuer.
This statement relates to shares (the "Shares") of the common stock,
$0.01 par value per share ("Common Stock"), of Tower Air, Inc. (the
"Issuer"). The principal executive offices of the Issuer are located at:
Hanger 17, JFK International Airport, Jamaica, New York 11430.
Item 2. Identity and Background.
This schedule 13D is being filed in connection with purchases of
shares made jointly by Morris K. Nachtomi and Suzan N. Nachtomi. Mr.
Nachtomi is sole general partner of Nachtomi Family Limited Partnership
which owns 11,733,006 shares, representing 75.3% of the Company's
outstanding shares.
1. (a) Morris K. Nachtomi
(b) Address: 11 Flagler Drive
Rye, NY 10580
(c) Principal Business: Chairman and Chief Executive Officer of
Issuer.
2. (a) Nachtomi Family Limited Partnership (the "Partnership")
(b) c/o Morris K. Nachtomi
Tower Air, Inc.
Hanger 17
JFK International Airport
Jamaica, NY 11430
(c) Principal Business: Investments
Item 2. (d)
No Reporting Person has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors.
Item 2. (e)
No Reporting Person has, during the last five years, been party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which such Reporting Person
is or was subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to federal or state securities laws or finding any
violation with respect to such laws.
Each of Mr. Nachtomi and the Partnership may, at times, be referred to
as a "Reporting Person" and collectively, as the "Reporting Persons."
Item 3. Source and Amount of Funds or Other Consideration
Mr. Nachtomi and Suzan N. Nachtomi jointly purchased 91,031 Shares for
a total of $142,810.72, in the following transactions:
(1) On August 20, 1998, they purchased 27,500 Shares at an average
price of $1.5455 per Share or an aggregate of $42,501.25.
(2) On August 21, 1998, they purchased 14,048 Shares at an average
price of $1.5625 per Share or an aggregate of $21,950.00.
(3) On August 24, 1998, they purchased 12,661 Shares at an average
price of $1.5313 per Share or an aggregate of $19,387.79.
(4) On August 25, 1998, they purchased 12,661 Shares at an average
price of $1.5888 per Share or an aggregate of $20,115.80.
(5) On August 26, 1998, they purchased 12,661 Shares at an average
price of $1.625 per Share or an aggregate of $20,574.13.
(6) On August 27, 1998, they purchased 1,500 Shares at an average
price of $1.5625 per Share or an aggregate of $2,343.75.
(7) On August 28, 1998, they purchased 10,000 Shares at an average
price of $1.5938 per Share or an aggregate of $15,938.00.
Mr. And Mrs. Nachtomi paid for all of the above Shares out of personal
funds.
Item 4. Purpose of Transaction.
The Shares have been purchased for investment purposes. None of the
purposes enumerated in Item 4. are contemplated.
Item 5. Interest in Securities of the Issuer.
See numbers 7-11 of the cover page to this Schedule 13D for the
information required by Item 5.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
Not applicable.
Signature
After reasonable inquiry and to the best of the Undersigned's
knowledge and belief; the Undersigned certify that the information set
forth in this statement is true, complete and correct.
Date: August 28, 1998
Signature: /s/ Morris K. Nachtomi
-----------------------
Morris K. Nachtomi
Signature: /s/ Morris K. Nachtomi
-----------------------
Nachtomi Family Limited Partnership by Morris K. Nachtomi
(General Partner).
