UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): October 5, 2000
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Commission File No. 0-18387
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PEGASUS AIRCRAFT PARTNERS II, L.P.
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(Exact name of registrant as specified in its charter)
State of Organization: Delaware
IRS Employer Identification No. 84-1111757
Four Embarcadero Center, 35th Floor, San Francisco, California 94111
Telephone - (415) 434-3900
This document consists of 3 pages.
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Item 5. Other Events.
Due to Aeromexico's decision not to extend the leases on the
Partnership's two DC-9s for two years, the Partnership has suspended its
quarterly cash distribution for at least the quarter ending September 30, 2000
(payable in October, 2000) in order to have sufficient resources to fund the
conversion of the DC 10-10 to a freighter configuration for Emery Worldwide.
Aeromexico extended a lease for 8 months in one case and 10 months in the other.
As previously reported, if Aeromexico had extended the two leases for 24 months
each, the current loan facility would have increased by $5 million to $30
million thereby providing additional funds for the DC 10-10 conversion.
The Partnership's ability to resume regular distributions, and the
timing and amount of all future Partnership distributions, will be dependent on
the Partnership's results of operations in the current and future quarters.
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SIGNATURE
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.
PEGASUS AIRCRAFT PARTNERS II, L.P.
(Registrant)
By: Air Transport Leasing, Inc.
Administrative General Partner
October 5, 2000 By: /S/Clifford B. Wattley
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Clifford B. Wattley
President and Director
