EXHIBIT 2

                       Plan of Liquidation and Dissolution
                                       of
                               JetStream II, L.P.
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                       PLAN OF LIQUIDATION AND DISSOLUTION
                                       of
                               JETSTREAM II, L.P.

           This Plan of Liquidation and Dissolution (the "Plan") dated as of
November 20, 1999 of JetStream II, L.P. (the "Partnership"), a limited
partnership organized and existing under the Delaware Revised Uniform Limited
Partnership Act (the "Delaware Act"), is for the purpose of effecting the
complete liquidation and dissolution of the Partnership in accordance with the
laws of the State of Delaware.

           1. Intention of the General Partners.  CIS Aircraft Partners, Inc.,
as the Managing General Partner, and Jet Aircraft Leasing, Inc., as the
Administrative General Partner (collectively, the "General Partners"), believe
that the liquidation and dissolution (the "Liquidation") of the Partnership at
this time is in the best interest of the Partnership and the unitholders, as the
beneficial owners of the limited partnership interests of the Partnership (the
"Unitholders"). Therefore, the General Partners have submitted this Plan to the
Unitholders for their consent to liquidate and dissolve the Partnership in
accordance with Section 8.1.(a)(v) of the Limited Partnership Agreement of the
Partnership dated November 10, 1987 (the "Partnership Agreement").

           2. Effectiveness.  The Plan shall be effective upon the approval
hereof by the affirmative vote of Unitholders owning more than 50% of the
outstanding units of the Partnership as required by the Partnership Agreement.
Until such time as the Unitholders approve this Plan, the General Partners shall
not take and shall not cause the Partnership to take, any of the actions, and
shall not do or cause the Partnership to do, any of the things provided herein.

           3. Dissolution.  Upon the execution of this Plan by CIS Assignor
L.P.A., Inc., as Assignor Limited Partner of the Partnership on behalf of the
Unitholders, the Partnership is and shall be dissolved, without any further
action by or on behalf of the Partnership, the Unitholders or the General
Partners.

           4. Winding Up.  Upon the dissolution of the Partnership, the General
Partners, as liquidators for the Partnership, shall sell all of the assets of
the Partnership pursuant to the Joint Marketing Agreement, dated as of July 13,
1999, by and among each of the General Partners and the Partnership and shall
apply the funds of the Partnership (including the proceeds of the sale of any
other assets of the Partnership) to (i) the payment of the expenses of the sale
of the assets of the Partnership, and the winding up, liquidation and
termination of the Partnership; (ii) the expenses of preparation, filing and
distribution of financial statements, tax returns, reports required under the
Securities Exchange Act of 1934 (the "Exchange Act") and reports to Unitholders,
including fees and expenses of accountants and lawyers; (iii) the payment of all
income, sales, use, franchise, gross receipts, ad valorem, personal property and
other taxes, imports, duties and governmental charges payable by the Partnership
with respect to its income or operations through the time of its termination
("Taxes"), including Taxes with respect to the sale of the Partnership's assets;
and (iv) the creation of reserves for any of the foregoing.
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           5. Liquidation.  All assets and funds of the Partnership remaining
after the payments provided for by paragraph 4, and any amounts reserved by the
General Partners pursuant to clause (i) of paragraph 4 and determined by the
General Partners to be in excess of the amounts required therefor, shall be
distributed by the General Partners as follows: (i) to pay or make provision to
pay all creditors of the Partnership, including Limited Partners and Unitholders
in their capacity as creditors of the Partnership, if applicable; (ii) pay or
make provision to pay the General Partners for any loans or advances made by
either of them to the Partnership; (iii) pay the Unitholders the amount of their
respective capital accounts on the date of distribution (the "Liquidating
Distributions"); (iv) pay the General Partners the amounts of their respective
adjusted capital accounts; and (v) pay the General Partners any accrued but
unpaid fees, all in accordance with Section 8.2 of the Partnership Agreement.

           6. Cancellation of Interests in the Partnership.  Liquidating
Distributions shall be made in complete cancellation of all of the
Unitholders' interests in the Partnership.

           7. Reports and Filings.  In connection with the Liquidation and
winding up of the Partnership, the General Partners shall cause to be executed
and timely filed (i) with the office of the Secretary of State of Delaware, a
Certificate of Cancellation canceling the Partnership's Certificate of Limited
Partnership; (ii) with the Internal Revenue Service, all returns, reports,
documents, certificates and other information required under the Internal
Revenue Code of 1986, as amended, or applicable Treasury Department rules or
regulations; (iii) with the appropriate authorities in any other tax
jurisdiction, all returns, reports, documents, certificates and other
information required under the laws of such jurisdictions; (iv) with the
Securities Exchange Commission, any reports required under the Exchange Act,
including a Form 15 terminating the registration of the Partnership under the
Exchange Act; and (v) all reports required to be delivered to the Unitholders in
accordance with Article IX of the Partnership Agreement.

           8. Other Acts.  The General Partners shall take, or cause the
Partnership to take, such other acts and deeds and shall do, or cause the
Partnership to do, such other things, as are necessary or appropriate in
connection with the dissolution, winding up and Liquidation of the Partnership,
the termination of the responsibilities and liabilities of the Partnership under
applicable law, and the termination of the existence of the Partnership.

           9. Counterparts.  This plan may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
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           IN WITNESS WHEREOF, the parties hereto have made and executed this
Plan as of the date first written above.

                               CIS AIRCRAFT PARTNERS, INC.
                               as Managing General Partner
                               of JetStream, L.P.


                               /s/ Michael Rosen
                               -------------------------------------------------
                               By: Michael Rosen
                               Title: President


                               JET AIRCRAFT LEASING, INC.
                               as Administrative General Partner
                               of JetStream, L.P.


                               /s/ Michael Marron
                               -------------------------------------------------
                               By: Michael Marron
                               Title: President

                               CIS ASSIGNOR L.P.A., INC.
                               as Assignor Limited Partner of
                               JetStream, L.P. on behalf of the Unitholders


                               /s/ Michael Rosen
                               -------------------------------------------------
                               By: Michael Rosen
                               Title: President