SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
April 9, 1998
(Date of Report)
JETBORNE INTERNATIONAL, INC.
Delaware 0-16039 59-2768257
(State of Other Juris- (Commission IRS Employer Iden-
diction of Incorporation) File Number) tification Number)
8361 Northwest 64th Street
Miami, Florida 33166
(Address of Principal Executive Offices) (Zip Code)
(305) 591-2999
(Registrant's Telephone Number)
None
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Norman A. Eliot & Co., an Independent Accountant
previously engaged as the principal accountant by the Registrant to
audit its financial statements for the fiscal periods ending April
30, 1996 and 1997, in connection with the Registrant's long-overdue
Annual Reports on Form 10-K for those periods as yet not filed on
the date hereof, resigned a number of weeks ago from both such
engagements.
The Company, in on-going discussions with the withdrawing
Auditor, disclosed that it had become inclined to change certifying
independent accountants following its acquisition as a majority-
controlled subsidiary by RADA Electronic Industries, Inc., a
publicly-traded Israeli corporation. Following additional
discussions in connection with changing the fiscal year, the
Company's Independent Certifying Accountant, Norman A. Eliot & Co.,
noticed resignation and withdrawal from its engagements for both
years ended April 30, 1996 and April 30, 1997. At the time of such
resignation, and on the date hereof, the Registrant has not filed
its corresponding Annual Report on Forms 10-K. The Registrant's
delinquency in filing those reports was and is not attributable to
the resigning certifying independent auditor.
Following receipt of the Auditor's letter of resignation, the
Company successfully engaged in negotiating with the withdrawing
auditor, Norman & Eliot & Co., for re-engagement and withdrawal of
its resignation with respect to preparation of the Company's
audited financial statements for the fiscal year ended April 30,
1996. Completion of its Annual Report on Form 10-K for the fiscal
year ended April 30, 1996 is nearing completion, and filing, on the
date hereof.
On the other hand, at the end of those latter discussions with
the withdrawing auditor, the Company determined not to seek its re-
engagement for the fiscal period ending April 30, 1997 financial
statements. The Company considers this decision, in light of the
earlier resignation and lack of subsequent re-engagement, to amount
to essentially a mutual understanding between the Registrant and
its Auditor to change independent certifying auditors for the
fiscal year ended April 30, 1997 and for subsequent periods.
These decisions were taken by the Board of Directors which
does not have an audit or similar committee. During the two most
recent fiscal years and the subsequent interim period preceding the
Auditor's resignation and/or dismissal, there were no disagreements
with the Auditor on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or
procedure which if not resolved to the satisfaction of the Auditor
would have caused it to make a reference in connection with its
report. The Registrant has authorized Norman A. Eliot & Co. to
respond fully to the inquiries of its successor accountant
concerning any matter, without limitation of any sort.
<PAGE>
ITEM 8. CHANGE IN FISCAL YEAR
On April 13, 1998, the Company's Board of Director's resolved
to change the Registrant's fiscal year from April 30th to December
31st beginning with the "stub"-period ending December 31, 1997. The
Company's officers were directed by the Board to undertake and
implement all things necessary to accomplish that change of its
fiscal year.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
JETBORNE INTERNATIONAL, INC.
Dated: April 21, 1998
BY:/S/Eles Dobronsky
Eles Dobronsky,
President/Chief Executive
Officer
