SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report June 2, 2000
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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 June 2, 2000, JetStream, L.P. (the "Partnership") sold its MD-80 Series
aircraft previously on-lease to Continental to Watch Hill Capital (the "Buyer"),
an unaffiliated entity, for a gross selling price of $9,000,000. 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 from the sale of all of the aircraft to the Unitholders (after payment
of or provision for the Partnership's liabilities and expenses, and the
establishment of a reserve for contingencies, if any).
When the final aircraft, the non-advanced 727-200 previously on-lease to Sun
Pacific, is sold and the Eastwind Airlines bankruptcy matter is completed, the
General Partners intend to distribute any remaining funds and dissolve the
Partnership. Winding up the Partnership can be a complex process which may
depend on a number of factors, and some of these factors may be beyond the
General Partners' control.
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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: June 19, 2000 BY: /s/Rocco F. Andriola
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Name: Rocco F. Andriola
Title: President and Chief Financial Officer
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