Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Aircraft Services CORP
  2. Issuer Name and Ticker or Trading Symbol
Regency Energy Partners LP [RGNC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Owner of General Partner
(Last)
(First)
(Middle)
800 LONG RIDGE ROAD
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2009
(Street)

STAMFORD, CT 06927
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Units representing limited partner interests 02/17/2009   M(1)   17,763,809 A (2) 24,679,577 I (3) See Footnote (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subordinated Units representing limited partner interests (4) 02/17/2009   M(1)     17,763,809   (6)   (5) Common Units representing limited partner interest 17,763,809 (7) 0 I (7) See Footnote (7)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Aircraft Services CORP
800 LONG RIDGE ROAD
STAMFORD, CT 06927
    X   Owner of General Partner
EFS Regency GP Holdco II, LLC
800 LONG RIDGE ROAD
STAMFORD, CT 06927
    X   Owner of General Partner
Regency LP Acquirer, L.P.
800 LONG RIDGE ROAD
STAMFORD, CT 06927
    X   Owner of General Partner
GENERAL ELECTRIC CAPITAL CORP
3135 EASTON TURNPIKE
FAIRFIELD, CT 06431
    X   Owner of General Partner
GENERAL ELECTRIC CO
3135 EASTON TURNPIKE
FAIRFIELD, CT 06431
    X   Owner of General Partner

Signatures

 /s/ Tyson Yates, Vice President   03/23/2009
**Signature of Reporting Person Date

 By: Aircraft Services Corporation its Managing Member, /s/ Tyson Yates, Vice President   03/23/2009
**Signature of Reporting Person Date

 By: EFS Regency GP Holdco II, LLC, By: Aircraft Services Corporation its Managing Member, /s/ Tyson Yates, Vice President   03/23/2009
**Signature of Reporting Person Date

 /s/ Mark Mellana   03/23/2009
**Signature of Reporting Person Date

 /s/ J. Alex Urquhart, Vice President, General Electric Company   03/23/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The transaction described herein is also exempt under Rule 16(b)-6(b) as the conversion of a derivative security, thus Transaction Code C is also applicable.
(2) 17,763,809 subordinated units converted into an equal number of common units on February 17, 2009, pursuant to the terms of the Issuer's Amended and Restated Agreement of Limited Partnership, dated as of February 3, 2006, as amended.
(3) These securities are owned by Regency LP Acquirer, L.P., which is a member of a "group" for purposes of Section 13(d) of the Exchange Act including Regency LP Acquirer, L.P., EFS Regency GP Holdco II, LLC, Aircraft Services Corporation, General Electric Capital Corporation and General Electric Company. The joint filers are jointly filing this Form 4 and information regarding the joint filers other than Aircraft Services Corporation is set forth on Exhibit 99 to this Form 4.
(4) One-for-one.
(5) None.
(6) Immediately.
(7) Not applicable.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.