SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported).
July 25, 1997
Aircraft Income Partners L.P.
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(Exact name of registrant as specified in its charter)
Delaware 0-17785 13-3430508
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(State or other jurisdiction Commission (I.R.S. Employer
of incorporation) File Number I.D. Number)
411 West Putnam Avenue, Greenwich, CT 06830
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number including area code: (203) 862-7000
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ITEM 1. Changes in Control of Registrant
On July 25, 1997, Wexford Management LLC ("Wexford"), the administrator for
Presidio Capital Corp. ("Presidio"), the parent company of Integrated Aircraft
Fund Management Corp., the General Partner of Aircraft Income Partners L.P. (the
"Partnership"), received notice from Presidio Holding Company, LLC, which stated
that it was the holder of 63% of the outstanding Class A common shares of
Presidio, that it was seeking to remove the three current Class A directors and
replacing them with Edward Scheetz, David Hamamoto and David King effective as
of 12:00 p.m. on September 2, 1997. Wexford has not determined whether Presidio
Holding Company, LLC has the right to seek and obtain removal or replacement of
the current Class A directors pursuant to such notice. If such holder's
ownership is confirmed, the other Class A shareholders will be entitled to
certain representation on the Board.
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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 thereunto duly authorized.
Aircraft Income Partners L.P.
By: Integrated Aircraft Fund Mangement Corp.
General Partner
s/s Douglas J. Lambert
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Douglas J. Lambert
President and Chief Financial Officer
Date: August 7, 1997
