UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  -------------


                                    FORM 10-Q

                                  -------------




           _X_ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 1997

                                       OR

           ___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                        For the transition period from ___ to ___

                                  ------------

                          Commission File No. 33-31810

                                  -------------



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                        State of Organization: California
                   IRS Employer Identification No. 94-3102632
         201 Mission Street, 27th Floor, San Francisco, California 94105
                           Telephone - (415) 284-7400



Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934 during the  preceding  12 months,  and (2) has been  subject to such filing
requirements for the past 90 days.



                            Yes _X_      No ___







                       This document consists of 14 pages.



<PAGE>



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

            FORM 10-Q - For the Quarterly Period Ended June 30, 1997




                                      INDEX



Part I.       Financial Information                                        Page

         Item 1.      Financial Statements

              a)  Balance Sheets - June 30, 1997 and
                  December 31, 1996.........................................3

              b)  Statements of Income - Three and Six Months
                  Ended June 30, 1997 and 1996..............................4

              c)  Statements of Changes in Partners' Capital -
                  Year Ended December 31, 1996 and
                  Six Months Ended June 30, 1997............................5

              d)  Statements of Cash Flows - Six Months
                  Ended June 30, 1997 and 1996..............................6

              e)  Notes to Financial Statements.............................7

         Item 2.      Management's Discussion and Analysis of
                      Financial Condition and Results of Operations.........9



Part II.      Other Information

         Item 1.      Legal Proceedings....................................12

         Item 6.      Exhibits and Reports on Form 8-K.....................13

         Signature    .....................................................14

                                        2

<PAGE>



                          Part 1. Financial Information

Item 1.       Financial Statements

                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                                 BALANCE SHEETS
                                   (Unaudited)

                                                   June 30,         December 31,
                                                     1997              1996
                                                     ----              ----

ASSETS:

CASH AND CASH EQUIVALENTS                        $ 6,474,178        $ 3,566,009

RENT RECEIVABLE                                         --              345,597

ESCROW FUNDS RECEIVABLE                            3,995,959               --

AIRCRAFT, net of accumulated depreciation
   of $23,398,981 in 1996                               --            6,040,219

OTHER ASSETS                                           4,185               --
                                                 -----------        -----------

                                                 $10,474,322        $ 9,951,825
                                                 ===========        ===========

LIABILITIES AND PARTNERS' CAPITAL:

PAYABLE TO AFFILIATES                            $    22,436        $    25,425

ACCOUNTS PAYABLE AND ACCRUED
   LIABILITIES                                       290,767             24,169

SECURITY DEPOSITS                                       --               75,000
                                                 -----------        -----------

          Total Liabilities                          313,203            124,594
                                                 -----------        -----------

PARTNERS' CAPITAL:
   General Partner                                     5,656              5,656
   Limited Partners, 69,418 units
      issued and outstanding                      10,155,463          9,821,575
                                                 -----------        -----------

          Total Partners' Capital                 10,161,119          9,827,231
                                                 -----------        -----------

                                                 $10,474,322        $ 9,951,825
                                                 ===========        ===========

        The accompanying notes are an integral part of these statements.

                                        3

<PAGE>



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                              STATEMENTS OF INCOME
                                   (Unaudited)



                                   Three Months Ended      Six Months Ended
                                         June 30,              June 30,
                                         --------              --------

                                      1997      1996       1997         1996
                                      ----      ----       ----         ----
REVENUES:
   Rent from operating leases     $  369,762  $434,643  $  804,405  $  869,286
   Interest                           58,456    45,760     102,577      92,363
   Gain on sale of aircraft          642,181    91,303     642,181     143,943
                                  ----------  --------  ----------  ----------

           Total Revenues          1,070,399   571,706   1,549,163   1,105,592
                                  ----------  --------  ----------  ----------

EXPENSES:
   Depreciation and amortization        --     438,707     257,643     877,414
   Administration and other           26,619    24,142      44,237      37,111
                                  ----------  --------  ----------  ----------

           Total Expenses             26,619   462,849     301,880     914,525
                                  ----------  --------  ----------  ----------

NET INCOME                        $1,043,780  $108,857  $1,247,283  $  191,067
                                  ==========  ========  ==========  ==========

NET INCOME ALLOCATED TO
   THE GENERAL PARTNER            $   22,835  $ 22,835  $   45,670  $   45,670
                                  ==========  ========  ==========  ==========

NET INCOME ALLOCATED
   TO LIMITED PARTNERS            $1,020,945  $ 86,022  $1,201,613  $  145,397
                                  ==========  ========  ==========  ==========

NET INCOME PER LIMITED
   PARTNERSHIP UNIT               $    14.71  $   1.24  $    17.31  $     2.10
                                  ==========  ========  ==========  ==========

        The accompanying notes are an integral part of these statements.

                                        4

<PAGE>



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                   STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
                                   (Unaudited)


                                          Year Ended December 31, 1996 and
                                           Six Months Ended June 30, 1997
                                           ------------------------------

                                      General       Limited
                                      Partner       Partners           Total
                                      -------       --------           -----


Balance, December 31, 1995           $  5,656     $ 19,653,112     $ 19,658,768

   Net income (loss)                   91,340       (8,096,088)      (8,004,748)

   Cash distributions to partners     (91,340)      (1,735,449)      (1,826,789)
                                     --------     ------------     ------------

Balance, December 31, 1996              5,656        9,821,575        9,827,231

   Net income                          45,670        1,201,613        1,247,283

   Cash distributions to partners     (45,670)        (867,725)        (913,395)
                                     --------     ------------     ------------

Balance, June 30, 1997               $  5,656     $ 10,155,463     $ 10,161,119
                                     ========     ============     ============

        The accompanying notes are an integral part of these statements.

                                        5

<PAGE>


<TABLE>
                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<CAPTION>
                                                          Six Months Ended June 30,
                                                          -------------------------

                                                             1997           1996
                                                             ----           ----
<S>                                                      <C>           <C>
OPERATING ACTIVITIES:
   Net income                                            $ 1,247,283   $   191,067
   Adjustments to reconcile net income to
      net cash provided by operating activities:
      Depreciation and amortization                          257,643       877,414
      Gain on sale of aircraft                              (642,181)     (143,943)
      Changes in operating assets and liabilities,
         net of effect of sale of aircraft:
         Decrease (increase) in rent receivable              (12,143)       60,714
         Increase in other assets                             (4,185)         --
         Increase (decrease) in payable to affiliates         (2,989)        4,006
         Increase (decrease) in accounts payable
              and accrued liabilities                        222,898       (22,868)
         Decrease in security deposits                       (75,000)         --
                                                         -----------   -----------

              Net cash provided by operating activities      991,326       966,390
                                                         -----------   -----------

INVESTING ACTIVITIES:
   Proceeds from sale of aircraft                          3,200,000          --
   Payments to Purchaser related to sale of aircraft        (369,762)         --
   Principal payments on finance sale of aircraft               --         143,943
                                                         -----------   -----------

              Net cash provided by investing activities    2,830,238       143,943
                                                         -----------   -----------

FINANCING ACTIVITIES:
   Cash distributions to partners                           (913,395)     (913,395)
                                                         -----------   -----------

              Net cash used in financing activities         (913,395)     (913,395)
                                                         -----------   -----------

CHANGES IN CASH AND CASH
   EQUIVALENTS                                             2,908,169       196,938

CASH AND CASH EQUIVALENTS AT
   BEGINNING OF PERIOD                                     3,566,009     3,297,782
                                                         -----------   -----------

CASH AND CASH EQUIVALENTS AT
   END OF PERIOD                                         $ 6,474,178   $ 3,494,720
                                                         ===========   ===========
</TABLE>

        The accompanying notes are an integral part of these statements.

                                        6

<PAGE>



                        POLARIS AIRCRAFT INCOME FUND VI,
                        A California Limited Partnership

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)



1.       Accounting Principles and Policies

In the opinion of management,  the financial statements presented herein include
all  adjustments,  consisting  only of  normal  recurring  items,  necessary  to
summarize fairly Polaris Aircraft Income Fund VI's (the Partnership's) financial
position and results of operations.  The financial statements have been prepared
in accordance with the  instructions  of the Quarterly  Report to the Securities
and  Exchange  Commission  (SEC)  Form  10-Q  and  do  not  include  all  of the
information  and note  disclosures  required by  generally  accepted  accounting
principles.  These  statements  should be read in conjunction with the financial
statements  and notes  thereto for the years ended  December 31, 1996,  1995 and
1994,  included in the Partnership's  1996 Annual Report to the SEC on Form 10-K
(Form 10-K).

2.       Sale of Aircraft To Triton

On May  28,  1997,  Polaris  Investment  Management  Corporation  (the  "General
Partner"  or  "PIMC"),  on  behalf  of  the  Partnership,   executed  definitive
documentation  for the purchase of the  Partnership's 2 remaining  aircraft (the
"Aircraft") by Triton  Aviation  Services VI LLC, a special purpose company (the
"Purchaser").  The closings  for the purchase of the 2 Aircraft  occurred on May
28,  1997 and June 30,  1997.  The  Purchaser  is  managed  by  Triton  Aviation
Services,  Ltd. ("Triton  Aviation"),  a privately held aircraft leasing company
which was formed in 1996 by Triton  Investments,  Ltd., a company which has been
in the marine cargo container  leasing business for 17 years and is diversifying
its portfolio by leasing commercial aircraft.  Each Aircraft was sold subject to
the existing leases.

The Terms of the  Transaction - The total purchase price (the "Purchase  Price")
to the Purchaser is  $7,115,600.  The Purchaser  paid into an escrow account the
Purchase Price of $7,115,600 in cash upon the closing of the first aircraft. The
Partnership  received  $3,200,000  from  the  escrow  account  on  May  29,  and
$3,915,600  for the  remaining  balance of the  Purchase  Price on July 3, 1997,
after the close of the second aircraft.

Under the purchase agreement,  the Purchaser purchased the Aircraft effective as
of April 1, 1997 notwithstanding the actual closing dates. The utilization of an
effective  date  facilitated  the  determination  of rent and other  allocations
between  the  parties.  The  Purchaser  has the right to receive  all income and
proceeds,  including rents and receivables,  from the Aircraft accruing from and
after April 1, 1997 to the date of the closing of $369,762  which is included in
rents from  operating  leases,  and will pay  interest  at the rate of 5.3% from
April  1,  1997 on the  purchase  price  amount  to the date of  payment  of the
Purchase  Price  to the  Partnership.  Each  Aircraft  was sold  subject  to the
existing  leases,  and as part of the  transaction  the  Purchaser  assumed  all
security  deposit   obligations   relating  to  such  leases.   The  Partnership
transferred  $75,000 in cash to the Purchaser  related to such security deposits
in July 1997.

Neither PIMC nor GECAS will receive a sales  commission in  connection  with the
transaction.  Neither PIMC nor GECAS or any of its affiliates holds any interest
in Triton  Aviation or any of Triton  Aviation's  affiliates.  John  Flynn,  the
current President of Triton Aviation, was a Polaris executive until May 1996 and
has over 15 years experience in the commercial  aviation  industry.  At the time
Mr. Flynn was employed at PIMC, he had no  affiliation  with Triton  Aviation or
its affiliates.


                                        7

<PAGE>



Polaris  Aircraft  Income Fund II,  Polaris  Aircraft  Income Fund III,  Polaris
Aircraft  Income  Fund IV and  Polaris  Aircraft  Income  Fund V have  also sold
certain  aircraft  assets to separate  special  purpose  companies  under common
management with the Purchaser.


The  Accounting  Treatment of the  Transaction  - In accordance  with  generally
accepted accounting principles (GAAP), the Partnership  recognized rental income
up until the closing date for each aircraft  which  occurred on May 28, 1997 and
June 30, 1997.  However,  under the terms of the transaction,  the Purchaser was
entitled to receive any payments of the rents accruing from April 1, 1997 to the
closing dates.  These rents amounted to $369,762 which is included in rents from
operating leases.  As a result,  the Partnership made a payment to the Purchaser
in the  amount  of the rents  due and  received  effective  April 1,  1997.  For
financial  reporting  purposes,  the  sales  proceeds  of  $7,115,600  have been
adjusted by the following: income and proceeds,  including rents and receivables
from the effective date of April 1, 1997 to the closing date,  interest due from
the Purchaser on the cash portion of the purchase  price and  estimated  selling
costs.  As a result of these GAAP  adjustments,  the net  adjusted  sales  price
recorded by the Partnership was $6,782,497.

The Aircraft sold pursuant to the definitive  documentation  executed on May 28,
1997 have been  classified  as  aircraft  held for sale from that date until the
actual  closing  date.  Under GAAP,  aircraft held for sale are carried at their
fair market value less estimated costs to sell.


3.       Related Parties

Under the Limited Partnership  Agreement,  the Partnership paid or agreed to pay
the following  amounts for the current quarter to the general  partner,  Polaris
Investment  Management  Corporation,  in connection  with  services  rendered or
payments made on behalf of the Partnership:

                                        Payments for
                                     Three Months Ended     Payable at
                                        June 30, 1997     June 30, 1997
                                        -------------     -------------
Out-of-Pocket Administrative,
    Operating and Selling Expense
    Reimbursements                         $32,186          $22,436

Management  fees payable to the general  partner are  subordinated  each year to
receipt   by  unit   holders  of   distributions   equaling  a  10%  per  annum,
non-compounded  return on  adjusted  capital  contributions,  as  defined in the
Partnership Agreement.  Based on the subordination provisions, no management fee
expense was recognized or paid during the quarter ended June 30, 1997.



                                        8

<PAGE>



Item 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
              AND RESULTS OF OPERATIONS

During the quarter  ended June 30, 1997,  Polaris  Aircraft  Income Fund VI (the
Partnership)  sold its  remaining  portfolio of 2 aircraft.  The  aircraft  sold
during the quarter ended June 30, 1997 consisted of one Boeing 737-200  Advanced
aircraft leased to British Airways Plc (British  Airways) and one Boeing 727-200
Advanced  aircraft  leased to American Trans Air, Inc. (ATA). In April 1993, the
Partnership  sold  one  Boeing  727-100  aircraft  that ATA  transferred  to the
Partnership as part of the ATA lease transaction, to Empresa de Transporte Aereo
del Peru S.A.  (Aeroperu).  Aeroperu  completed its payment  obligations  to the
Partnership in July 1996.


REMARKETING UPDATE

Sale of Aircraft to Triton

On May  28,  1997,  Polaris  Investment  Management  Corporation  (the  "General
Partner"  or  "PIMC"),  on  behalf  of  Polaris  Aircraft  Income  Fund  VI (the
"Partnership"),  executed  definitive  documentation  for  the  purchase  of the
Partnership's 2 remaining  aircraft (the "Aircraft") by Triton Aviation Services
VI LLC, a special  purpose  company  (the  "Purchaser").  The  closings  for the
purchase of the 2 Aircraft had  occurred on May 28, 1997 and June 30, 1997.  The
Purchaser is managed by Triton Aviation Services,  Ltd. ("Triton  Aviation"),  a
privately  held  aircraft  leasing  company  which was  formed in 1996 by Triton
Investments,  Ltd.,  a company  which  has been in the  marine  cargo  container
leasing  business  for 17 years and is  diversifying  its  portfolio  by leasing
commercial aircraft. Each Aircraft was sold subject to the existing leases.

The  General  Partner's  Decision to Approve the  Transaction  - In  determining
whether the  transaction  was in the best interests of the  Partnership  and its
unit holders,  the General Partner evaluated,  among other things, the risks and
significant expenses associated with continuing to own and remarket the Aircraft
(one of which was subject to a lease that was nearing  expiration).  The General
Partner  determined that such a strategy could require the Partnership to expend
a significant  portion of its cash reserves for remarketing and that there was a
substantial  risk that this strategy could result in the  Partnership  having to
reduce or even  suspend  future  cash  distributions  to limited  partners.  The
General  Partner  concluded that the opportunity to sell both the Aircraft at an
attractive  price would be  beneficial  in the present  market  where demand for
Stage II aircraft  is  relatively  strong  rather  than  attempting  to sell the
aircraft  over the  coming  years when the  demand  for such  Aircraft  might be
weaker. During the months of intense negotiations, GE Capital Aviation Services,
Inc. ("GECAS"), which provides aircraft marketing and management services to the
General  Partner,  sought to obtain the best price and terms available for these
Stage II aircraft  given the  aircraft  market and the  conditions  and types of
planes owned by the Partnership. Both the General Partner and GECAS approved the
sale terms of the Aircraft (as described below) as being in the best interest of
the Partnership and its unit holders because both believe that this  transaction
will optimize the potential cash  distributions to be paid to limited  partners.
To ensure that no better offer could be obtained,  the terms of the  transaction
negotiated  by GECAS  included  a  "market-out"  provision  that  permitted  the
Partnership  to elect to  accept  an offer for all (but no less than all) of the
assets  to be  sold  by it to the  Purchaser  on  terms  which  it  deemed  more
favorable,  with the ability of the  Purchaser  to match the offer or decline to
match the offer and be entitled to be  compensated  in an amount equal to 1 1/2%
of the Purchaser's proposed purchase price.

On April 7, 1997,  the General  Partner  received and on May 14, 1997 elected to
accept a competing offer (the "Competing  Offer") from a third party to purchase
the  Partnership's  two aircraft for $7,115,600 in cash,  subject to a number of
contingencies.  On May 21, 1997,  the  Purchaser  was notified of the  Competing
Offer, and the Purchaser subsequently matched the Competing Offer.


                                        9

<PAGE>



As a result of the sale of the Aircraft,  the General Partner will be winding up
the  Partnership's  operations  and  the  Partnership  may be in a  position  to
dissolve before December 31, 1997.

The Terms of the  Transaction - The total purchase price (the "Purchase  Price")
to the Purchaser is  $7,115,600.  The Purchaser  paid into an escrow account the
Purchase Price of $7,115,600 in cash upon the closing of the first aircraft. The
Partnership  received  $3,200,000  from  the  escrow  account  on  May  29,  and
$3,915,600  for the  remaining  balance of the  Purchase  Price on July 3, 1997,
after the close of the second aircraft.

Under the purchase agreement,  the Purchaser purchased the Aircraft effective as
of April 1, 1997 notwithstanding the actual closing dates. The utilization of an
effective  date  facilitated  the  determination  of rent and other  allocations
between  the  parties.  The  Purchaser  has the right to receive  all income and
proceeds,  including rents and receivables,  from the Aircraft accruing from and
after April 1, 1997 to the date of the closing of $369,762  which is included in
rents from  operating  leases,  and will pay  interest  at the rate of 5.3% from
April  1,  1997 on the  purchase  price  amount  to the date of  payment  of the
Purchase  Price  to the  Partnership.  Each  Aircraft  was sold  subject  to the
existing  leases,  and as part of the  transaction  the  Purchaser  assumed  all
security  deposit   obligations   relating  to  such  leases.   The  Partnership
transferred  $75,000 in cash to the Purchaser  related to such security deposits
in July 1997.

Neither PIMC nor GECAS will receive a sales  commission in  connection  with the
transaction.  Neither PIMC nor GECAS or any of its affiliates holds any interest
in Triton  Aviation or any of Triton  Aviation's  affiliates.  John  Flynn,  the
current President of Triton Aviation, was a Polaris executive until May 1996 and
has over 15 years experience in the commercial  aviation  industry.  At the time
Mr. Flynn was employed at PIMC, he had no  affiliation  with Triton  Aviation or
its affiliates.

Polaris  Aircraft  Income Fund II,  Polaris  Aircraft  Income Fund III,  Polaris
Aircraft  Income  Fund IV and  Polaris  Aircraft  Income  Fund V have  also sold
certain  aircraft  assets to separate  special  purpose  companies  under common
management with the Purchaser.

The  Accounting  Treatment of the  Transaction  - In accordance  with  generally
accepted accounting principles (GAAP), the Partnership  recognized rental income
up until the closing date for each aircraft  which  occurred on May 28, 1997 and
June 30, 1997.  However,  under the terms of the transaction,  the Purchaser was
entitled to receive any payments of the rents accruing from April 1, 1997 to the
closing dates.  These rents amounted to $369,762 which is included in rents from
operating leases.  As a result,  the Partnership made a payment to the Purchaser
in the  amount  of the rents  due and  received  effective  April 1,  1997.  For
financial  reporting  purposes,  the  sales  proceeds  of  $7,115,600  have been
adjusted by the following: income and proceeds,  including rents and receivables
from the effective date of April 1, 1997 to the closing date,  interest due from
the Purchaser on the cash portion of the purchase  price and  estimated  selling
costs.  As a result of these GAAP  adjustments,  the net  adjusted  sales  price
recorded by the Partnership was $6,782,497.

The Aircraft sold pursuant to the definitive  documentation  executed on May 28,
1997 have been  classified  as  aircraft  held for sale from that date until the
actual  closing  date.  Under GAAP,  aircraft held for sale are carried at their
fair market value less estimated costs to sell.


Partnership Operations

The  Partnership  recorded  net  income of  $1,043,780,  or $14.71  per  limited
partnership  unit for the three  months  ended June 30,  1997,  compared  to net
income of $108,857,  or $1.24 per limited partnership unit, for the three months
ended June 30,  1996.  The  Partnership  recorded net income of  $1,247,283,  or
$17.31 per  limited  partnership  unit for the six months  ended June 30,  1997,
compared to net income of $191,067,  or $2.10 per limited  partnership unit, for
the six months  ended June 30,  1996.  Year to date  operating  results  reflect
substantially lower depreciation expense as compared to the same period in 1996.

                                       10

<PAGE>



The decreased depreciation expense during the six months ended June 30, 1997 was
the result of  impairments  on aircraft  which were  recorded  during the fourth
quarter of 1996. The  recognition of impairments on the  Partnership's  aircraft
reduces  the  aircraft's  net  carrying  value and  reduces the amount of future
depreciation  expense that the  Partnership  will  recognize  over the remaining
projected economic life of the aircraft. Pursuant to the execution of definitive
documentation  on May 28, 1997,  the Aircraft was  classified  as held for sale.
Aircraft  held for sale are  carried at their fair market  value less  estimated
costs to sell.  As a result,  no  depreciation  expense  was  recognized  on the
aircraft held for sale for the three months ended June 30, 1997.

Additionally,  the  Partnership  recorded a higher  gain on the sale of aircraft
during the three and six months  ended June 30,  1997,  as  compared to the same
period in 1996. The gain on the sale of aircraft  during 1997 is attributable to
the sale of the remaining  aircraft to Triton,  as  previously  discussed in the
Remarketing Update section.  The gain on the sale of aircraft  recognized during
the three and six months  ended June 30, 1996 was due to the  finance  sale of a
Boeing  727-100  to  AeroPeru  for which  gains on the sale were  recognized  as
payments  were  received.  The final  payment was received from AeroPeru in July
1996.

Administration  and other  expenses  increased  during  the three and six months
ended June 30, 1997 as compared to the same periods in 1996, due to increases in
printing and postage costs combined with an increase in outside services.

Liquidity and Cash Distributions

Liquidity - PIMC has determined that the Partnership maintain cash reserves as a
prudent  measure to insure that the  Partnership  has available  funds for other
contingencies  including  expenses of the Partnership in connection with winding
up its affairs.

Upon  determination  and  payment  of  remaining  operating  and  administrative
expenses of the Partnership after June 30, 1997 and expenses associated with the
winding up of the  Partnership,  which cannot be estimated at this time, a final
distribution of the remaining cash reserves,  if any, will be distributed to the
partners. The General Partner anticipates that such payment of expenses and cash
distributions to partners will be completed by December 31, 1997, although there
can be no assurance that the Partnership  will be able to wind up its operations
by that date.

Cash  Distributions - Cash  distributions to limited partners were $433,863,  or
$6.25  per  limited  partnership  unit  and  $433,863,   or  $6.25  per  limited
partnership  unit  during  the  three  months  ended  June 30,  1997  and  1996,
respectively.  Cash  distributions to limited partners were $867,725,  or $12.50
per limited  partnership  unit and $867,725,  or $12.50 per limited  partnership
unit during the six months ended June 30, 1997 and 1996, respectively.

In accordance with the Limited Partnership Agreement,  cash distributions are to
be allocated 95% to the limited partners and the 5% to the general  partner.  In
July 1997,  the  Partnership  made a cash  distribution  to limited  partners of
$8,764,022  ($126.25 per limited  partnership  unit) and $461,264 to the general
partner.


                                       11

<PAGE>



                           Part II. Other Information


Item 1.       Legal Proceedings

As  discussed  in Item 3 of Part I of  Polaris  Aircraft  Income  Fund VI's (the
Partnership) 1996 Annual Report to the Securities and Exchange  Commission (SEC)
on Form 10-K (Form 10-K) and in Item 1 of Part II of the Partnership's Quarterly
Report to the SEC on Form 10-Q (Form 10-Q) for the period  ended March 31, 1997,
there are a number  of  pending  legal  actions  or  proceedings  involving  the
Partnership. Except as discussed below, there have been no material developments
with respect to any such  actions or  proceedings  during the period  covered by
this report.

Equity Resources, Inc., et al. v. Polaris Investment Management Corporation,  et
al. - On May 12, 1997,  plaintiffs appealed the Superior Court's denial of their
motion seeking to enjoin the sale by the  Partnership of certain of its aircraft
and notes  receivable.  On May 15, 1997, the Appellate Court denied  plaintiffs'
appeal.  On May 19, 1997,  plaintiffs  appealed the Superior  Court's  denial of
their  motion  to the  Supreme  Court of  Massachusetts.  The  Supreme  Court of
Massachusetts  denied  plaintiffs'  appeal on May 29, 1997. On May 23, 1997, the
defendants filed a motion to dismiss the action.

Ron Wallace v. Polaris Investment Management  Corporation,  et al. - On or about
June 18,  1997,  a  purported  class  action  entitled  Ron  Wallace v.  Polaris
Investment  Management  Corporation,  et al.  was  filed on  behalf  of the unit
holders of Polaris  Aircraft Income Funds II through VI in the Superior Court of
the State of California,  County of San Francisco.  The complaint  names each of
Polaris Investment Management  Corporation (PIMC), GE Capital Aviation Services,
Inc.  (GECAS),  Polaris Aircraft Leasing  Corporation,  Polaris Holding Company,
General Electric Capital  Corporation,  certain executives of PIMC and GECAS and
John E. Flynn, a former PIMC  executive,  as defendants.  The complaint  alleges
that defendants committed a breach of their fiduciary duties with respect to the
Sale  Transaction  involving the  Partnership  as described in Item 2, under the
caption "Remarketing Update -- Sale of Aircraft to Triton."

Other Proceedings - Item 10 in Part III of the Partnership's  1996 Form 10-K and
Item 1 in Part II of the Partnership's  Form 10-Q for the period ended March 31,
1997 discuss certain  actions which have been filed against  Polaris  Investment
Management  Corporation  and others in connection  with the sale of interests in
the  Partnership  and the management of the  Partnership.  With the exception of
Novak, et al v. Polaris Holding  Company,  et al, (which has been dismissed,  as
discussed in the 1996 Form 10-K) where the  Partnership was named as a defendant
for procedural purposes, the Partnership is not a party to these actions. Except
as discussed below, there have been no material developments with respect to any
of the actions described therein during the period covered by this report.


The  following  actions  have been settled  pursuant to a  settlement  agreement
entered into on June 6, 1997:

- Thelma Abrams, et al. v. Polaris Holding Company, et al.
- Sara J. Bishop, et al. v. Kidder, Peabody & Co. Incorporated, et al.
- Enita V. Elphick, et al. v. Kidder, Peabody & Co. Incorporated, et al.
- Janet K. Johnson, et al. v. Polaris Holding Company, et al.
- Wayne W. Kuntz, et al. v. Polaris Holding Company, et al.
- Joyce H. McDevitt, et al. v. Polaris Holding Company, et al.
- Mary Grant Tarrer, et al. v. Kidder, Peabody & Co. Incorporated, et al.
- Harry R. Wilson, et al. v. Polaris Holding Company, et al.
- George Zicos, et al. v. Polaris Holding Company, et al.

- Michael J. Ouellette,  et al. v. Kidder,  Peabody & Co. Incorporated,  et al.;
Thelma A. Rolph, et al. v. Polaris Holding Company, et al.; Carl L. Self, et al.


                                       12

<PAGE>



v.  Polaris  Holding  Company,  et al.  - On or  about  March  21,  1997,  three
complaints  were filed in the Superior Court of the State of California,  County
of Sacramento  naming as  defendants  Kidder,  Peabody & Company,  Incorporated,
Polaris  Holding  Company,   Polaris  Aircraft  Leasing   Corporation,   Polaris
Investment Management Corporation,  Polaris Securities Corporation,  Polaris Jet
Leasing,  Inc.,  Polaris  Technical  Services,  Inc.,  General Electric Company,
General Electric Capital  Services,  General  Electric Capital  Corporation,  GE
Capital Aviation Services and Does 1-100. The first complaint,  entitled Michael
J.  Ouellette,  et al. v.  Kidder  Peabody & Co.,  et al.,  was filed by over 50
individual  plaintiffs who purchased limited partnership units in one or more of
Polaris  Aircraft  Income Funds I-VI. The second  complaint,  entitled Thelma A.
Rolph,  et al.  v.  Polaris  Holding  Company,  et al.,  was  filed  by over 500
individual  plaintiffs who purchased limited partnership units in one or more of
Polaris Aircraft Income Funds I-VI. The third complaint,  entitled Carl L. Self,
et al. v. Polaris  Holding  Company,  et al.,  was filed by over 500  individual
plaintiffs  who purchased  limited  partnership  units in one or more of Polaris
Aircraft  Income Funds I-VI. Each complaint  alleges  violations of state common
law, including fraud, negligent  misrepresentation and breach of fiduciary duty,
and violations of the rules of the National  Association of Securities  Dealers,
Inc. Each complaint seeks to recover  compensatory  damages and punitive damages
in an  unspecified  amount,  interest  and  rescission  with  respect to Polaris
Aircraft  Income Funds I-VI and all other limited  partnerships  alleged to have
been sold by Kidder Peabody to the plaintiffs.



Item 6.       Exhibits and Reports on Form 8-K

a)       Exhibits (numbered in accordance with Item 601 of Regulation S-K)

         27   Financial Data Schedule

b)       Reports on Form 8-K

         A Current Report on Form 8-K, dated May 28, 1997, reporting the sale of
         assets under Item 2 was filed on June 12, 1997.

                                       13

<PAGE>



                                    SIGNATURE



Pursuant to the  requirements of section 13 or 15(d) 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.

                                         POLARIS AIRCRAFT INCOME FUND VI,
                                         A California Limited Partnership
                                         (Registrant)
                                         By: Polaris Investment
                                             Management Corporation,
                                             General Partner




         August 12, 1997                 By:    /S/Marc A. Meiches
---------------------------------               --------------------------------
                                                Marc A. Meiches
                                                Chief Financial Officer
                                                (principal financial officer and
                                                principal accounting officer of
                                                Polaris Investment Management
                                                Corporation, General Partner of
                                                the Registrant)

                                       14