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 June 2, 2000
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JETSTREAM II, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 0-16838 84-1068932
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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 II, L.P.
Item 2. Disposition of Assets
On June 2, 2000, JetStream II, 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) and dissolve the
Partnership in 2000. 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 II, 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 II, 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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