SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report April 2, 1999
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JETSTREAM, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 0-16836 84-1053359
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State or other jurisdiction Commission IRS Employer
of incorporation or organization File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
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Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3183
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JETSTREAM, L.P.
Item 2. Disposition of Assets
On April 2, 1999, Jetstream, L.P., a Delaware limited partnership (the
"Partnership"), sold one of its B-727-200 non-advanced aircraft, which was
scheduled to be leased to Sun Pacific International Inc., to an unaffiliated
entity, Sport Hawk Chicago, Inc. (the "Buyer"), for a selling price of
approximately $2,660,000. The selling price was determined by arm's length
negotiations between the Partnership and the Buyer.
As a result of the sale, the General Partners intend to distribute the net
proceeds therefrom (after payment of or provision for the Partnership's
liabilities and expenses, and establishment of a reserve for contingencies, if
any) during the second quarter of 1999.
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JETSTREAM, L.P.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
JETSTREAM, L.P.
BY: JET AIRCRAFT LEASING INC.
Administrative General Partner
Date: April 16, 1999 BY: /s/Michael T. Marron
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Name: Michael T. Marron
Title: President and Chief Financial Officer
