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                    September 30, 2006
                       ---------------------------------------------------------

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the

transition period from _________________________to _____________________________


Commission File Number                      333-54011
                       ---------------------------------------------------------

                          ICON Income Fund Eight A L.P.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                                                 13-4006824
--------------------------------------------------------------------------------
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)

 100 Fifth Avenue, 4th Floor, New York, New York                  10011-1505
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip code)

                                 (212) 418-4700
--------------------------------------------------------------------------------
               Registrant's telephone number, including area code


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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [x] Yes [ ] No

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer or a  non-accelerated  filer.  See definition of "accelerated
filer and large  accelerated  filer" in Rule 12b-2 of the  Exchange  Act.  Large
accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [x]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [ ] Yes [x] No

Number of outstanding limited partnership units of the registrant on October 31,
2006 is 735,232.

<PAGE>


                          ICON Income Fund Eight A L.P.
                                      Index

<TABLE>
<CAPTION>


PART I - FINANCIAL INFORMATION                                                            Page

<S>                                                                                        <C>
     Item 1.  Condensed Consolidated Financial Statements

         Condensed Consolidated Balance Sheets at September 30, 2006 (Unaudited) and
           December 31, 2005                                                                1

         Condensed Consolidated Statements of Operations for the Three and Nine Months
           Ended September 30, 2006 and 2005 (Unaudited)                                    3

         Condensed Statement of Changes in Partners' Equity for the Nine Months Ended
           September 30, 2006 (Unaudited)                                                   4

         Condensed Consolidated Statements of Cash Flows for the Nine Months Ended
           September 30, 2006 and 2005 (Unaudited)                                          5

         Notes to Condensed Consolidated Financial Statements (Unaudited)                   7

     Item 2. General Partner's Discussion and Analysis of Financial Condition and
              Results of Operations                                                        12

     Item 3.  Quantitative and Qualitative Disclosures About Market Risk                   17

     Item 4.  Controls and Procedures                                                      18

PART II - OTHER INFORMATION

     Item 1.  Legal Proceedings                                                            18

     Item 1A. Risk Factors                                                                 19

     Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                  19

     Item 3.  Defaults Upon Senior Securities                                              19

     Item 4.  Submission of Matters to a Vote of Security Holders                          19

     Item 5.  Other Information                                                            19

     Item 6.  Exhibits                                                                     19

Signatures                                                                                 20

</TABLE>

<PAGE>
                         PART I - FINANCIAL INFORMATION

Item 1.  Condensed Consolidated Financial Statements

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                      Condensed Consolidated Balance Sheets


                                     ASSETS


                                                (Unaudited)
                                                September 30     December 31,
                                                    2006             2005
                                                ------------     ------------
 Cash and cash equivalents                      $    180,745     $  1,419,446
                                                ------------     ------------

 Investments in finance leases:
      Minimum rents receivable                     3,937,028        5,696,391
      Estimated unguaranteed residual values         200,000          200,000
      Initial direct costs, net                      104,112          138,816
      Unearned income                               (575,402)      (1,095,644)
                                                ------------     ------------

         Net investments in finance leases         3,665,738        4,939,563
                                                ------------     ------------

 Investments in operating leases:
      Equipment, at cost                          26,521,700       26,521,700
      Accumulated depreciation                   (14,015,804)     (11,412,469)
                                                ------------     ------------

         Net investments in operating leases      12,505,896       15,109,231
                                                ------------     ------------

 Investments in joint ventures                     3,810,786        4,004,228
 Equipment held for sale or lease, net                44,000          323,001
 Other assets, net                                   360,919          805,465
                                                ------------     ------------

         Total assets                           $ 20,568,084     $ 26,600,934
                                                ============     ============

See accompanying notes to condensed consolidated financial statements.

                                       1
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                      Condensed Consolidated Balance Sheets


                        LIABILITIES AND PARTNERS' EQUITY


<TABLE>
<CAPTION>
                                                           (Unaudited)
                                                           September 30     December 31,
                                                               2006             2005
                                                           ------------     ------------
<S>                                                        <C>              <C>
 Notes and accrued interest payable - non-recourse         $  6,867,429     $ 12,701,548
 Accounts payable and accrued expenses                          232,119          376,301
 Due to General Partner and affiliates                          538,986          253,662
 Minority interest                                              301,636          109,682
 Deferred rental income                                         445,934                -
                                                           ------------     ------------

      Total liabilities                                       8,386,104       13,441,193
                                                           ------------     ------------

 Commitments and contingencies

 Partners' equity:
      General Partner                                          (526,134)        (517,128)
      Limited Partners (735,232 and 736,882 units
         outstanding, $100 per unit original issue price)    12,708,114       13,676,869
                                                           ------------     ------------

      Total partners' equity                                 12,181,980       13,159,741
                                                           ------------     ------------

      Total liabilities and partners' equity               $ 20,568,084     $ 26,600,934
                                                           ============     ============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       2
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                       Three Months Ended               Nine Months Ended
                                                        September 30,                     September 30,
                                                  2006              2005             2006             2005
                                               -----------      -----------      ------------     ------------
<S>                                            <C>              <C>              <C>              <C>
 Revenue:
      Rental income                            $ 1,809,064      $ 1,929,064      $  5,427,191     $  6,390,457
      Finance income                               146,676           58,025           520,242          909,698
      Income from investments in joint ventures     57,843            5,516           161,924            6,527
      Net gain on sales of equipment                     -           99,552                 -        4,886,943
      Net gain on lease termination                      -          630,000                 -          630,000
      Realized gain on sale of convertible notes         -        1,544,573                 -        1,544,573
      Interest and other income                       (867)          56,358            27,033          178,574
                                               -----------      -----------      ------------     ------------

         Total revenue                           2,012,716        4,323,088         6,136,390       14,546,772
                                               -----------      -----------      ------------     ------------

 Expenses:
      Depreciation and amortization                717,711        1,887,803         2,643,754        6,058,975
      Interest                                     136,577          290,575           441,977        1,215,000
      Management fees - General Partner                  -          147,300           174,711          282,509
      Administrative expense reimbursements
         - General Partner                               -           60,513           139,079          505,099
      General and administrative                    21,927          127,103           305,064          279,310
      Impairment loss                              115,500                -           257,440        1,836,395
      Reversal of bad debt allowance                     -          (62,842)                -          (62,842)
      Minority interest                             81,202           10,602           191,953           68,223
                                               -----------      -----------      ------------     ------------

         Total expenses                          1,072,917        2,461,054         4,153,978       10,182,669
                                               -----------      -----------      ------------     ------------

 Net income                                    $   939,799      $ 1,862,034      $  1,982,412     $  4,364,103
                                               ===========     ============      ============     ============

 Net income allocable to:
      Limited Partners                         $   930,401      $ 1,843,414      $  1,962,588     $  4,320,462
      General Partner                                9,398           18,620            19,824           43,641
                                               -----------      -----------      ------------     ------------

                                               $   939,799      $ 1,862,034      $  1,982,412     $  4,364,103
                                               ===========     ============      ============     ============

 Weighted average number of limited partnership
      units outstanding                            735,232          739,515           736,054          739,515
                                               ===========      ===========      ============     ============

 Net income per weighted average limited
      partnership unit outstanding             $      1.27      $      2.49      $       2.67     $       5.84
                                               ===========      ===========      ============     ============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       3
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
               Condensed Statement of Changes in Partners' Equity
                      Nine Months Ended September 30, 2006
                                   (Unaudited)



<TABLE>
<CAPTION>
                                                 Limited
                                                 Partner                                            Total
                                                  Units           Limited          General         Partners'
                                               Outstanding        Partners          Partner          Equity
                                               -----------      -----------      ------------     ------------

<S>                                           <C>               <C>              <C>              <C>
 Balance, January 1, 2006                           736,882     $13,676,869      $   (517,128)    $ 13,159,741

 Limited partnership units redeemed                 (1,650)         (77,210)                -         (77,210)
 Cash distributions paid or accrued to partners          -       (2,854,133)          (28,830)      (2,882,963)
 Net income                                              -        1,962,588            19,824        1,982,412
                                               -----------      -----------      ------------     ------------

 Balance, September 30, 2006                       735,232      $12,708,114      $   (526,134)    $ 12,181,980
                                               ===========      ===========      ============     ============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       4
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Cash Flows
                         Nine Months Ended September 30,
                                   (Unaudited)



<TABLE>
<CAPTION>

 Increase (decrease) in cash and cash equivalents                  2006              2005
                                                                -----------      ------------
<S>                                                             <C>              <C>
 Cash flows from operating activities:
      Net income                                                $ 1,982,412      $  4,364,103
      Adjustments to reconcile net income to net cash
         provided by (used in) operating activities:
            Rental income paid directly to lenders by lessees    (5,289,970)       (6,390,457)
            Finance income  paid directly to lenders by lessees    (520,242)         (909,698)
            Income from investments in joint ventures              (161,924)           (6,527)
            Net gain on sales of equipment                                -        (4,886,943)
            Realized gain on sale of convertible notes                    -        (1,544,573)
            (Gain) loss on lease termination                              -          (630,000)
            Depreciation and amortization                         2,643,754         6,058,975
            Interest expense on non-recourse financing paid
               directly to lenders by lessees                       441,977         1,074,691
            Impairment loss                                         257,440         1,836,395
            Reversal of bad debt allowance                                -           (62,842)
            Minority interest                                       191,953            68,223
         Changes in operating assets and liabilities:
            Collection of principal - non-financed receivables    1,759,363           417,798
            Other assets                                           (101,156)          (37,049)
            Accrued interest income                                       -           108,120
            Accounts payable and accrued expenses                  (144,182)           83,135
            Due to General Partner and affiliates, net              120,122           (95,906)
            Deferred rental income                                        -             3,118
                                                                -----------      ------------

 Net cash provided by (used in) operating activities              1,179,547          (549,437)
                                                                -----------      ------------


 Cash flows from investing activities:
      Proceeds from sales of equipment                               21,561        25,076,809
      Proceeds from lease termination                                     -           630,000
      Proceeds from the sale of convertible notes                         -         1,544,573
      Distributions received from joint ventures                    355,364            13,200
                                                                -----------      ------------

 Net cash provided by investing activities                          376,925        27,264,582
                                                                -----------      ------------

 Cash flows from financing activities:
      Cash distributions paid to partners                        (2,882,963)       (3,014,076)
      Cash paid for redemption of limited partnership units         (77,210)               -
      Advances from General Partner, net                            165,000                -
      Repayments of notes payable- non-recourse                           -       (11,597,623)
      Repayments of notes payable- recourse                               -        (5,400,000)
      Proceeds from note payable - recourse                               -           775,000
                                                                -----------      ------------

 Net cash used in financing activities                           (2,795,173)      (19,236,699)

 Net (decrease) increase in cash and cash equivalents            (1,238,701)        7,478,446

 Cash and cash equivalents, beginning of the period               1,419,446           718,195
                                                                -----------      ------------

 Cash and cash equivalents, end of the period                   $   180,745      $  8,196,641
                                                                ===========      ============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       5
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Cash Flows
                         Nine Months Ended September 30,
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                   2006             2005
                                                                             ---------------   --------------
<S>                                                                          <C>               <C>
 Supplemental disclosure of cash flow information:
      Cash paid during the period for interest                               $        -        $      140,309
                                                                             ===============   ==============


 Supplemental disclosure of non-cash investing and financing activities:
      Principal and interest paid directly to lenders by lessees             $     6,276,096   $   10,590,128
                                                                             ===============   ==============

</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       6
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(1)    Basis of Presentation and Consolidation

     The accompanying condensed consolidated financial statements of ICON Income
Fund Eight A L.P (the  "Partnership")  have been  prepared  in  accordance  with
accounting  principles  generally  accepted in the United  States of America for
interim  financial  information and pursuant to the rules and regulations of the
Securities  and  Exchange  Commission  for Form 10-Q.  Accordingly,  they do not
include all of the information and footnotes  required by accounting  principles
generally  accepted  in the United  States of  America  for  complete  financial
statements.  In the opinion of the General Partner, all adjustments  (consisting
only of normal recurring accruals)  considered necessary for a fair presentation
have been included.  These condensed consolidated financial statements should be
read in  conjunction  with  the  consolidated  financial  statements  and  notes
included in the  Partnership's  2005 Annual Report on Form 10-K. The results for
the interim  period are not  necessarily  indicative of the results for the full
year.

     The condensed consolidated financial statements include the accounts of the
Partnership and its majority owned  subsidiary.  All  intercompany  accounts and
transactions have been eliminated in consolidation.

     The Partnership accounts for its noncontrolling interests in joint ventures
where the  Partnership  has  influence on  financial  and  operational  matters,
generally greater than 5% but less than 50% ownership interest, under the equity
method of accounting.  In such cases, the Partnership's original investments are
recorded  at  cost  and  adjusted   for  its  share  of  earnings,   losses  and
distributions.  The Partnership accounts for investments in joint ventures where
the  Partnership  has  virtually no influence  over  financial  and  operational
matters using the cost method of accounting.  In such cases,  the  Partnership's
original  investments  are recorded at cost and any  distributions  received are
recorded to operations.  All of the Partnership's  investments in joint ventures
are subject to its impairment review policies.

     In joint ventures where the  Partnership's  ownership  interest is majority
owned,  minority interest represents the minority owner's proportionate share of
its equity in the joint  venture.  The  minority  interest is  adjusted  for the
minority  owner's share of the earnings,  losses and  distributions of the joint
venture.

(2)    Organization

     The  Partnership  was  formed  on  July  9,  1997  as  a  Delaware  limited
partnership  for the purpose of acquiring  equipment  subject to lease and, to a
lesser degree,  acquiring ownership rights to items of leased equipment at lease
expiration.  The  Partnership  will  continue  until  December 31, 2017,  unless
terminated sooner.

     The General  Partner of the Partnership is ICON Capital Corp. (the "General
Partner"), a Connecticut  corporation.  The General Partner manages and controls
the  Partnership's  business affairs,  including,  but not limited to, equipment
leases and financing transactions under the terms of a management agreement with
the  Partnership.  Additionally,  the  General  Partner has a 1% interest in the
profits, losses, cash distributions and liquidation proceeds of the Partnership.

                                       7
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(2)    Organization - continued

     The  Partnership  invested  most of the net  proceeds  from its offering in
items of equipment that are subject to a lease.  After the net offering proceeds
were invested, additional investments were made with the cash generated from the
Partnership's  initial  investments  to the extent  that cash was not needed for
expenses,  reserves and distributions to partners.  The investment in additional
equipment in this manner is called  "reinvestment."  The  Partnership  purchased
equipment  from time to time  until  approximately  five years from the date the
offering was  completed.  This time frame is called the  "reinvestment  period,"
which  ended on December  20,  2005.  After the  reinvestment  period,  we began
selling our assets in the ordinary course of business during a time frame called
the "liquidation period."

     Partners'   capital  accounts  are  increased  for  their  initial  capital
contribution plus their  proportionate  share of earnings and decreased by their
proportionate  share  of  losses  and  distributions.   Profits,   losses,  cash
distributions and liquidation proceeds are allocated 99% to the limited partners
and 1% to the General  Partner  until each  limited  partner has  received  cash
distributions  and  liquidation  proceeds  sufficient  to reduce their  adjusted
capital   contribution   account  to  zero  and  receive,  in  addition,   other
distributions  and  allocations  which would provide an 8% per annum  cumulative
return on their outstanding  adjusted capital contribution  account.  After such
time, distributions will be allocated 90% to the limited partners and 10% to the
General Partner.

     Certain  reclassifications  have  been made to the  accompanying  condensed
consolidated  financial statements for the three and nine months ended September
30, 2005 to conform to the current period presentation.

(3)    Use of Estimates

     The  preparation  of financial  statements  in conformity  with  accounting
principles  generally  accepted  in the United  States of America  requires  the
General  Partner to make  estimates  and  assumptions  that affect the  reported
amounts of assets and  liabilities  and the disclosure of contingent  assets and
liabilities as of the date of the financial  statements and the reported amounts
of revenues and expenses  during the  reporting  period.  Significant  estimates
primarily  include the value of unguaranteed  residual values,  depreciation and
amortization  and  impairment  losses.  Actual  results  could differ from those
estimates.

(4)    Investments in Operating Leases

     The  Partnership's  investments  in  operating  leases  are  summarized  as
follows:


                                               (Unaudited)
                                               September 30,    December 31,
                                                   2006            2005
                                               -----------      -----------
 Aircraft and aircraft related equipment       $18,486,930      $18,486,930
 Petrochemical tug and barge                     8,034,770        8,034,770
                                               -----------      -----------
                                                26,521,700       26,521,700

 Less: accumulated depreciation                (14,015,804)     (11,412,469)
                                               -----------      -----------

                                               $12,505,896      $15,109,231

                                       8
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)


(5)    Joint Ventures

     The joint venture described below is minority owned and is not consolidated
by the Partnership.

     ICON Global Crossing, LLC

     On November 17, 2005, the Partnership  along with ICON Income Fund Ten, LLC
and ICON  Leasing Fund  Eleven,  LLC ("Fund  Eleven"),  both  affiliates  of the
General Partner, formed ICON Global Crossing, LLC ("ICON Global Crossing"), with
original ownership  interests of approximately  12%, 44% and 44%,  respectively.
Total capital  contributions  made to ICON Global Crossing were $17,397,940,  of
which the  Partnership's  share was $2,006,952.  ICON Global Crossing  purchased
state-of-the-art  telecommunications  equipment  on  lease  to  Global  Crossing
Telecommunications,  Inc.  ("Global  Crossing").  On March 31, 2006, Fund Eleven
made an additional  capital  contribution to ICON Global Crossing of $7,733,176,
which changed the ownership  interests to  approximately  8.0%, 30.6% and 61.4%,
respectively.

     During   February   and  March  2006,   ICON  Global   Crossing   purchased
approximately  $22,113,000 of equipment  (including  initial direct costs in the
form of legal fees of  approximately  $157,000) on lease to Global  Crossing and
during April 2006 purchased approximately  $3,165,000 of additional equipment on
lease  with  Global  Crossing.  The term of the lease is 48 months  and began on
April 1, 2006.

(6)    Equipment Held for Sale or Lease, Net

     Equipment held for sale or lease consists solely of aircraft  rotable parts
for Boeing A300 aircraft. Aircraft rotables are replacement spare parts that are
held in inventory by an airline.  The Partnership is currently in the process of
remarketing this equipment.

     At September 30, 2006, the General  Partner  determined,  based upon recent
negotiations with potential buyers,  that the aircraft rotables may be impaired.
Accordingly,  the  Partnership  recorded an  impairment  loss for  approximately
$115,500 to more closely approximate the adjusted book value to the current fair
value of the  aircraft  rotables,  net of  estimated  selling  costs.  The total
impairment loss on these rotables during 2006 is approximately $257,440.

(7)    Transactions with Related Parties

     Effective  April 1, 2006,  the General  Partner waived its rights to future
management fees and administrative expense reimbursements.  For the three months
ended  September  30,  2006,  the General  Partner  waived  management  fees and
administrative  expense  reimbursements  of  approximately  $90,000 and $63,700,
respectively.  Prior to April  1,  2006,  in  accordance  with the  terms of the
management  agreement,  the Partnership  paid the General Partner (i) management
fees ranging from 1% to 7% based on a percentage of the rentals  received either
directly by the Partnership or through joint ventures and (ii) acquisition fees,
through the reinvestment  period,  of 3% of the gross value of the Partnership's
acquisition  transactions.  In addition,  the General Partner was reimbursed for
administrative   expenses   incurred  in  connection   with  the   Partnership's
operations.

     The General Partner performs certain services relating to the management of
the  Partnership's  equipment  leasing  activities.  Such  services  include the
collection  of lease  payments  from the  lessees of the  equipment,  re-leasing
services in connection  with  equipment  which is off-lease,  inspections of the
equipment,  liaison with and general  supervision  of lessees to assure that the
equipment is being properly operated and maintained,  monitoring  performance by
the lessees of their  obligations  under the leases and the payment of operating
expenses.

                                       9
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(7)    Transactions with Related Parties - continued

     Administrative  expense  reimbursements  are costs  incurred by the General
Partner and necessary to the Partnership's  operations.  These costs include the
General  Partner's  legal,   accounting,   investor   relations  and  operations
personnel,  as well as professional fees and other costs that are charged to the
Partnership  based upon the  percentage of time such  personnel  dedicate to the
Partnership.  Excluded are salaries and related costs, travel expenses and other
administrative  costs incurred by individuals with a controlling interest in the
General Partner.

     The General Partner also has a 1% interest in the Partnership's profits and
distributions.  The  Partnership  paid or accrued  distributions  to the General
Partner  of  $28,830   during  the  nine  months  ended   September   30,  2006.
Additionally, the General Partner's interest in the Partnership's net income for
the three  months  ended  September  30,  2006 and 2005 was $9,398 and  $18,620,
respectively. The General Partner's interest in the Partnership's net income for
the nine months  ended  September  30,  2006 and 2005 was  $19,824 and  $43,641,
respectively.

     The  Partnership  had a payable of $538,986 due to the General  Partner and
affiliates  at September  30, 2006.  The  Partnership  owed the General  Partner
$192,786 for accrued and unpaid administrative expense  reimbursements  incurred
prior to April 1,  2006,  $181,200  for  accrued  and  unpaid  acquisition  fees
incurred  during the year ended December 31, 2005. The balance of the payable to
the General Partner relates to advances made to the Partnership during 2006.

     On June 1, 2006, the General Partner  advanced to the Partnership  $15,000,
on July 3, 2006, the General  Partner  advanced to the Partnership an additional
$100,000  and in August  2006 an  additional  $70,000.  The  Partnership  repaid
$20,000 of these advances during  September  2006.  These advances are due on or
before the date that is one year from the date of each such  advance  and do not
accrue interest.  These advances are evidenced by a note between the Partnership
and the General Partner and were entered into to assist the Partnership with its
working capital purposes.

     Fees and other expenses  charged to operations by the  Partnership and paid
or  accrued to the  General  Partner  or its  affiliates  for the three and nine
months ended September 30, 2006 and 2005, respectively, were as follows:

<TABLE>
<CAPTION>
                                                      Three Months Ended                 Nine Months Ended
                                                        September 30,                     September 30,

                                                    2006            2005             2006             2005
                                               -----------      -----------      ------------     ------------
<S>                                            <C>              <C>              <C>              <C>
 Management fees                               $         -      $   147,300      $    174,711     $    282,509
 Administrative expense reimbursements                   -           60,513           139,079          505,099
                                               -----------      -----------      ------------     ------------

                                               $         -      $   207,813      $    313,790     $    787,608
                                               ===========      ===========      ============     ============

</TABLE>

(8)    Recent Accounting Pronouncements

     In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial  Accounting  Standards No. 157 "Accounting for Fair Value
Measurements"  ("SFAS  157").  SFAS 157  establishes  a separate  framework  for
determining  fair values of assets and  liabilities  that are  required by other
authoritative  generally  accepted  accounting  principal  pronouncements  to be
measured at fair value.  In addition,  SFAS 157  incorporates  and clarifies the
guidance in FASB  Concepts  Statement  No. 7 regarding  the use of present value
techniques  in  measuring  fair  value.  SFAS  157 is  effective  for  financial
statements  with fiscal years  beginning after November 15, 2007. The Manager is
currently  evaluating  the impact of this  pronouncement  but does not currently
believe it will have a material impact on the financial statements.

                                       10
<PAGE>

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(8)    Recent Accounting Pronouncements - continued

     The General  Partner does not believe that any other recently  issued,  but
not yet effective accounting pronouncements,  if currently adopted, would have a
material effect on the accompanying condensed consolidated financial statements.

                                       11
<PAGE>

Item 2. General  Partner's  Discussion  and Analysis of Financial  Condition and
Results of Operations

     The  following is a  discussion  of our results of  operations  and current
financial  position.  This  discussion  should be read in  conjunction  with our
unaudited condensed consolidated financial statements and related notes included
elsewhere  in this report,  Item 1A. Risk  Factors and the audited  consolidated
financial  statements  and related  notes  included in our Annual Report on Form
10-K for the year ended December 31, 2005.

     As used in this  Quarterly  Report on Form 10-Q,  references to "we," "us,"
"our"  or  similar  terms  include  ICON  Income  Fund  Eight  A  L.P.  and  its
consolidated subsidiaries.

Forward-Looking Statements

     Certain statements within this Quarterly Report on Form 10-Q may constitute
forward-looking   statements  within  the  meaning  of  the  Private  Securities
Litigation  Reform  Act of 1995  ("PSLRA").  These  statements  are  being  made
pursuant to the PSLRA, with the intention of obtaining the benefits of the "safe
harbor"  provisions of the PSLRA,  and, other than as required by law, we assume
no  obligation  to  update  or  supplement  such   statements.   Forward-looking
statements are those that do not relate solely to historical fact. They include,
but are not limited to, any statement  that may predict,  forecast,  indicate or
imply future  results,  performance,  achievements  or events.  You can identify
these   statements  by  the  use  of  words  such  as  "may,"  "will,"  "could,"
"anticipate," "believe," "estimate," "expects," "intend," "predict" or "project"
and variations of these words or comparable words or phrases of similar meaning.
These  forward-looking  statements  reflect our current beliefs and expectations
with respect to future  events and are based on  assumptions  and are subject to
risks and  uncertainties  and other  factors  outside our control that may cause
actual results to differ materially from those projected.

Overview

     We are an  equipment  leasing  business  formed on July 9,  1997.  We began
active  operations on October 14, 1998.  We primarily  engage in the business of
acquiring  equipment  subject  to  lease  and,  to a  lesser  degree,  acquiring
ownership rights to items of leased equipment at lease  expiration.  Some of our
equipment  leases are acquired for cash and are expected to provide current cash
flow, which we refer to as "income"  leases.  The majority of the purchase price
of our other  equipment  leases will be financed,  so these leases will generate
little or no current cash flow because  substantially all of the rental payments
received from a lessee will be paid to a lender.  For these "growth" leases,  we
anticipate  that the future value of the leased  equipment  will exceed the cash
portion  of  the  purchase   price  paid  for  the   equipment.   We  ended  our
"reinvestment"  period on  December  20, 2005 and began our  liquidation  period
where we began to sell our assets in the ordinary course of business.

     If we believe it would  benefit our  partners to reinvest  our cash flow in
equipment during the liquidation  period,  we may do so, but our General Partner
will not  receive  any  additional  acquisition  fees in  connection  with  such
reinvestments. Our goal is to complete the liquidation period within three years
after the end of the reinvestment period, but it may take longer to do so.

     At September 30, 2006 our current portfolio,  which we hold either directly
or through  joint  venture  investments  with  affiliates  and others,  consists
primarily of the following equipment subject to lease:

Air Transportation Equipment:

o    We have a 90.0% interest in a McDonnell Douglas DC-10-30F  aircraft subject
     to lease with FedEx.  At September 30, 2006, the lease has a remaining term
     of nine months.

                                       12
<PAGE>

o    We have a 100.0% interest in various aircraft rotables that were originally
     on lease to Sabena Belgian World  Airways,  Sabena Oman and Sabena MEA. All
     of this equipment is currently off lease and being remarketed for sale.

     At September 30, 2006, the General  Partner  determined,  based upon recent
     negotiations  with  potential  buyers,  that the  aircraft  rotables may be
     impaired.  Accordingly,  the  Partnership  recorded an impairment  loss for
     approximately  $115,500 to more closely approximate the adjusted book value
     to the  current  fair  value of the  aircraft  rotables,  net of  estimated
     selling costs.  The total  impairment loss on these rotables during 2006 is
     approximately $257,440.

Energy Equipment:

o    We have a 100.0% interest in one tugboat ("M/V MICHIGAN")  bearing official
     number 650770 and one oil barge ("GREAT  LAKES")  bearing  official  number
     650771 on charter to Keystone Great Lakes, whose obligations are ultimately
     guaranteed  by BP plc.  The  charter is  scheduled  to expire on January 1,
     2008.

Manufacturing Equipment for Playgrounds:

o    We have a 100.0% interest in equipment used in a manufacturing  facility on
     lease to Playcore Wisconsin, Inc. ("Playcore"). The manufacturing equipment
     is on lease for a term of three years commencing January 1, 2006.

Telecommunications Equipment:

o    We have an 8.0%  ownership  interest  in ICON Global  Crossing,  LLC ("ICON
     Global  Crossing"),  an entity also managed by our General  Partner,  which
     purchased state-of-the-art  telecommunications equipment on lease to Global
     Crossing Telecommunications, Inc ("Global Crossing").

New Accounting Pronouncements

     In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial  Accounting  Standards No. 157 "Accounting for Fair Value
Measurements"  ("SFAS  157").  SFAS 157  establishes  a separate  framework  for
determining  fair values of assets and  liabilities  that are  required by other
authoritative  generally  accepted  accounting  principal  pronouncements  to be
measured at fair value.  In addition,  SFAS 157  incorporates  and clarifies the
guidance in FASB  Concepts  Statement  No. 7 regarding  the use of present value
techniques  in  measuring  fair  value.  SFAS  157 is  effective  for  financial
statements  with fiscal years  beginning after November 15, 2007. The Manager is
currently  evaluating  the impact of this  pronouncement  but does not currently
believe it will have a material impact on the financial statements.

     The General  Partner does not believe that any other recently  issued,  but
not yet effective accounting pronouncements,  if currently adopted, would have a
material effect on the accompanying condensed consolidated financial statements.

Results of Operations  for the Three Months Ended  September 30, 2006 (the "2006
Quarter") and 2005 (the "2005 Quarter")

     We began  our  liquidation  period on  December  20,  2005.  Our goal is to
complete the liquidation period within three years, but it may take longer to do
so.  During the  liquidation  period,  we will sell our  assets in the  ordinary
course of  business.  As we begin to sell our  assets,  both  rental  income and
finance  income will decrease over time as will expenses  related to our assets,
such as depreciation expense. Additionally,  interest expense should decrease as
we reach the  expiration  of leases that were financed and the debt is repaid to
the lender.  As leased  equipment  is sold,  we will  experience  both gains and
losses on these sales.

                                       13
<PAGE>

     Revenue  for the  2006  Quarter  and the 2005  Quarter  are  summarized  as
follows:

<TABLE>
<CAPTION>

                                                        Three Months Ended September 30,
                                                    2006             2005           Change
                                               ------------     -----------   --------------
<S>                                            <C>              <C>           <C>
 Total revenue                                 $ 2,012,716      $ 4,323,088   $   (2,310,372)
                                               ===========      ===========   ==============
 Rental income                                 $ 1,809,064      $ 1,929,064   $     (120,000)
 Finance income                                $   146,676      $    58,025   $       88,651
 Income from investments in joint ventures     $    57,843      $     5,516   $       52,327
 Net gain on sales of equipment                $         -      $    99,552   $      (99,552)
 Net gain on lease termination                 $         -      $   630,000   $     (630,000)
 Realized gain on sale of convertible notes    $         -      $ 1,544,573   $   (1,544,573)
 Interest and other income                     $      (867)     $    56,358   $      (57,225)

</TABLE>

     Total revenue for the 2006 Quarter decreased $2,310,372, or 53.4%, compared
to the 2005 Quarter. The decrease in rental income was principally due to leased
equipment we sold during 2005.  Finance  income  increased  primarily due to the
increase in income from Playcore  during the 2006  Quarter.  The decrease in net
gain  on  sale of  equipment  is due  primarily  to the  sale of the two  Boeing
aircraft  previously  on lease to America  West that  resulted  in a net gain of
approximately  $99,552  during the 2005  Quarter.  The decrease in gain on lease
termination  also  results  from the sale of the two Boeing  aircraft  and early
buyout of the lease  during the 2005  Quarter.  The  decrease in gain on sale of
convertible  notes also  results  from the sale of two Boeing  aircraft  and the
subsequent pay down of the debt which  released the  securities  that were being
held as collateral for the note during the 2005 Quarter.

     Expenses  for the 2006  Quarter  and the 2005  Quarter  are  summarized  as
follows:

<TABLE>
<CAPTION>
                                                                        Three Months Ended September 30,
                                                                     2006             2005           Change
                                                                -----------      ------------     ------------
<S>                                                             <C>              <C>              <C>
 Total expenses                                                 $ 1,072,917      $  2,461,054     $ (1,388,137)
                                                                ===========      ============     ============
 Depreciation and amortization                                  $   717,711      $  1,887,803     $ (1,170,092)
 Interest                                                       $   136,577      $    290,575     $   (153,998)
 General and administrative                                     $    21,927      $    127,103     $   (105,176)
 Management fees - General Partner                              $         -      $    147,300     $   (147,300)
 Administrative expense reimbursements - General Partner        $         -      $     60,513     $    (60,513)
 Reversal of bad debt allowance                                 $         -      $    (62,842)    $     62,842
 Impairment loss                                                $   115,500      $          -     $    115,500
 Minority interest                                              $    81,202      $     10,602     $     70,600

</TABLE>

     Total  expenses  for the  2006  Quarter  decreased  $1,388,137,  or  56.4%,
compared to the 2005 Quarter.  The decrease in depreciation and amortization was
primarily due to our General Partner's  determination at December 31, 2005, that
we would  discontinue  depreciating  one of our assets, a tug boat and barge, on
charter to Keystone Great Lakes.  This  assessment was based upon the results of
our  General  Partner's  annual  review  of our  assets in  accordance  with our
impairment policy. During the review process our General Partner determined that
the net book value of this  equipment  approximated  the estimated fair value at
lease  termination on January 1, 2008. Our General  Partner  estimated that this
change  will  result in a  decrease  in our  depreciation  and  amortization  of
approximately   $1,243,000   annually,   or  approximately   $1.69  per  limited
partnership  unit.  The decrease in interest  expense was  primarily  due to our
repayment of the  outstanding  debt balance  related to the two Boeing  aircraft
sold during July 2005. The decrease of both  management  fees - General  Partner
and  administrative  expense  reimbursements  -  General  Partner  is due to our
General  Partner's  decision,  effective  April 1,  2006,  to waive  all  future
management  fees and  administrative  expense  reimbursements.  The  increase in
impairment loss is due to our General Partner's decision during the 2006 Quarter
that our aircraft rotables required an impairment of approximately $115,500.

                                       14
<PAGE>

Net Income

     As a result of the  foregoing  factors,  net  income for 2006  Quarter  was
$939,799,  as compared  to net income for 2005  Quarter of  $1,862,034.  The net
income per weighted average number of limited  partnership units outstanding for
the 2006 Quarter was $1.27 as compared to net income per weighted average number
of limited partnership units outstanding for 2005 Quarter of $2.49.

Results of  Operations  for the Nine Months Ended  September 30, 2006 (the "2006
Period") and 2005 (the "2005 Period")

     Revenues for the 2006 Period and the 2005 Period are summarized as follows:

<TABLE>
<CAPTION>
                                                        Nine Months Ended September 30,
                                                   2006             2005            Change
                                               -----------      -----------      ------------
<S>                                            <C>              <C>              <C>
 Total revenue                                 $ 6,136,390      $14,546,772      $ (8,410,382)
                                               ===========      ===========      ============
 Rental income                                 $ 5,427,191      $ 6,390,457      $   (963,266)
 Finance income                                $   520,242      $   909,698      $   (389,456)
 Income from investments in joint ventures     $   161,924      $     6,527      $    155,397
 Net gain on sales of equipment                $         -      $ 4,886,943      $ (4,886,943)
 Net gain on lease termination                 $         -      $   630,000      $   (630,000)
 Realized gain on sale of convertibles notes   $         -      $ 1,544,573      $ (1,544,573)
 Interest and other income                     $    27,033      $   178,574      $   (151,541)

</TABLE>

     Total revenue for the 2006 Period decreased $8,410,382,  or 57.8%, compared
to the 2005 Period.  The decrease in rental income was principally due to leased
equipment we sold during 2005. The decrease in rental income is primarily due to
the sale during July 2005,  of the two Boeing  aircraft  previously  on lease to
America West Airlines, Inc. Rental income from these aircraft is included in the
2005 Period and not in the 2006 Period.  Finance income decreased  primarily due
to the expiration of our lease with E*Trade during February 2005 and the sale of
the coal  handling  facility on lease to Portland  General  Electric  during May
2005. The decrease in net gain on sale of equipment is due primarily to the sale
of the coal handling  facility  previously on lease to Portland General Electric
that resulted in a net gain of approximately  $4,834,000 during the 2005 Period.
The decrease in gain on lease  termination also results from the sale of the two
Boeing  aircraft and an early  buyout of the lease  during the 2005 Period.  The
decrease in gain on sale of convertible  notes also results from the sale of two
Boeing  aircraft  and the  subsequent  pay down of the debt which  released  the
securities  that were  being  held as  collateral  for the note  during the 2005
Period.  The decrease in interest and other income is due  primarily to interest
earned on the convertible notes during the 2005 Period.

                                       15
<PAGE>

     Expenses for the 2006 Period and the 2005 Period are summarized as follows:


<TABLE>
<CAPTION>
                                                                         Nine Months Ended September 30,
                                                                     2006             2005           Change
                                                                -----------      ------------     ------------
<S>                                                             <C>              <C>              <C>
 Total expenses                                                 $ 4,153,978      $ 10,182,669     $ (6,028,691)
                                                                ===========      ============     ============
 Depreciation and amortization                                  $ 2,643,754      $  6,058,975     $ (3,415,221)
 Interest                                                       $   441,977      $  1,215,000     $   (773,023)
 General and administrative                                     $   305,064      $    282,509     $     22,555
 Management fees - General Partner                              $   174,711      $    505,099     $   (330,388)
 Administrative expense reimbursements - General Partner        $   139,079      $    279,310     $   (140,231)
 Minority interest                                              $   191,953      $     68,223     $    123,730
 Reversal of bad debt allowance                                 $         -      $    (62,842)    $     62,842
 Impairment loss                                                $   257,440      $  1,836,395     $ (1,578,955)

</TABLE>

     Total expenses for the 2006 Period decreased $6,028,691, or 59.2%, compared
to the 2005 Period.  The decrease in depreciation and amortization was primarily
due to our General  Partner's  determination  at December 31, 2005 that we would
discontinue  depreciating one of our assets, a tug boat and barge, on charter to
Keystone Great Lakes.  This assessment was based upon the results of our General
Partner's annual review of our assets in accordance with our impairment  policy.
During the review process our General Partner determined that the net book value
of this equipment  approximated the estimated fair value at lease termination on
January 1, 2008. Our General Partner estimated that this change will result in a
decrease  in our  depreciation  and  amortization  of  approximately  $1,243,000
annually,  or approximately  $1.69 per limited partnership unit. The decrease in
interest  expense was  primarily due to our  repayment of the  outstanding  debt
balance  related to the two Boeing  aircraft sold during July 2005. The decrease
of  both  management  fees  -  General   Partner  and   administrative   expense
reimbursements  - General  Partner  is due to our  General  Partner's  decision,
effective April 1, 2006, to waive all future management fees and  administrative
expense  reimbursements.  The decrease in impairment  loss is due to our General
Partner's decision during the 2006 Period that our aircraft rotables required an
impairment of approximately  $257,440,  while during the 2005 Period our General
Partner  determined  that  our  aircraft  rotables  required  an  impairment  of
approximately  $1,152,000 and our two aircraft sold during July 2005 required an
impairment loss of approximately $685,000 during the 2005 Period.

Net Income

     As a result of the  foregoing  factors,  the net income for 2006 Period was
$1,982,412,  as compared to net income for 2005  Period of  $4,364,103.  The net
income per weighted average number of limited  partnership units outstanding for
the 2006 Period was $2.67 as compared to net income per weighted  average number
of limited partnership units outstanding for 2005 Period of $5.84.

Liquidity and Capital Resources

Sources and Uses of Cash

     At September 30, 2006, we had cash and cash equivalents of $180,745. During
our liquidation period, our main source of cash is expected to be from operating
and investing activities.  Our main use of cash during the liquidation period is
expected to be for financing  activities,  in the form of cash  distributions to
our partners.

     Our main  sources  of cash  during  the 2006  Period  were  from  operating
activities  and  investing  activities.  The main source of cash from  operating
activities was from the collection of rental income from non-financed  leases of
approximately $1,759,000.  Our primary sources of cash from investing activities
were from distributions  received from joint ventures of approximately  $355,000
and  proceeds  from the sales of equipment of  approximately  $22,000.  Our only
source of cash from financing  activities was $165,000 advanced from our General
Partner.

                                       16
<PAGE>

     Our main use of cash during the 2006 Period was for  financing  activities.
Our primary use of cash for financing  activities was  distribution  payments to
our  partners  of  approximately   $2,883,000  and  the  redemption  of  limited
partnership units of approximately $77,000.

Financings and Borrowings

     We have  non-recourse  debt  at  September  30,  2006  of  $6,867,429.  Our
non-recourse debt consists of notes payable in which the lenders have a security
interest in the equipment and an  assignment  of the rental  payments  under the
leases.  The lenders are being paid  directly by the lessees.  Our  non-recourse
debt  obligations  accrue  interest at rates ranging  between 4.00% per year and
7.89% per year.

     On June 1, 2006, our General Partner advanced us $15,000,  on July 3, 2006,
our General  Partner  advanced us an  additional  $100,000 and in August 2006 an
additional  $70,000 for short-term  working capital purposes.  We repaid $20,000
during  September  2006.  These  advances are evidenced by a note, are due on or
before the date that is one year from the date of each such  advance  and do not
accrue interest.

     Our  General  Partner  believes  that  with  the  cash  we  have  currently
available,  cash being generated from our leases,  cash  distributions  from our
joint ventures and proceeds from equipment  sales,  we have  sufficient  cash to
continue our operations into the  foreseeable  future.  However,  our ability to
generate  cash  in  the  future  is  subject  to  general  economic,  financial,
competitive,  regulatory  and other factors that affect our lessees'  businesses
that are beyond our control.

Distributions

     We paid monthly  distributions to our limited  partners  beginning with the
first month after the limited partners' admission through the termination of the
operating period, which was December 20, 2005. During the liquidation period, we
have continued to make  distributions  pursuant to the terms of the  partnership
agreement.  We expect that distributions made during the liquidation period will
vary,  depending on the timing of the sale of our assets,  our receipt of rental
income,  and income from our investments.  We paid  distributions to our limited
partners for the nine months ended  September 30, 2006 of $2,854,133 and we paid
or accrued  distributions  to our  General  Partner  for the nine  months  ended
September 30, 2006 of $28,830.

Contractual Obligations and Commitments and Off Balance Sheet Transactions

     On June 1, 2006,  our  General  Partner  advanced us $15,000 and on July 3,
2006,  advanced us an additional  $100,000 and in August 2006 a further  $70,000
for short-term  working  capital  purposes.  We repaid $20,000 during  September
2006. These advances are evidenced by a note, are due on or before the date that
is one year from the date of each such advance and do not accrue interest.

     Our  other  contractual   obligations  and  commitments  have  not  changed
materially from the amounts  disclosed in our Annual Report on Form 10-K for the
year ended December 31, 2005. We do not have any off balance sheet transactions.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

     We, like most other companies,  are exposed to certain market risks,  which
include  changes in interest rates and the demand for equipment (and the related
residuals)  owned by us. We believe  that our  exposure to other  market  risks,
including foreign currency  exchange rate risk,  commodity risk and equity price
risk, are  insignificant,  at this time, to both our financial  position and our
results of operations.  There were no material changes to the disclosure related
to these items  since the filing of our Annual  Report on Form 10-K for the year
ended December 31, 2005.

                                       17
<PAGE>

Item 4.  Controls and Procedures

     Evaluation of disclosure controls and procedures

     In connection  with the  preparation of this Quarterly  Report on Form 10-Q
for the period ended September 30, 2006, as well as the financial statements and
Quarterly  Reports on Form 10-Q for the period ended  September 30, 2006 for our
affiliates, our General Partner carried out an evaluation, under the supervision
and with the  participation of the management of our General Partner,  including
its Chief Executive Officer and the Principal  Financial and Accounting Officer,
of the  effectiveness  of the  design and  operation  of our  General  Partner's
disclosure  controls and  procedures as of the end of the period covered by this
report pursuant to the Securities  Exchange Act of 1934.  Based on the foregoing
evaluation, except as noted below, the Chief Executive Officer and the Principal
Financial and Accounting Officer concluded that our General Partner's disclosure
controls and procedures were effective.

     While evaluating our General Partner's  disclosure controls and procedures,
our General Partner recognized that greater internal controls were needed to aid
in a more efficient closing of our financial  statements,  thereby requiring our
General  Partner to hire  additional  skilled  accounting  staff to support  the
senior vice president of accounting  hired by our General  Partner at the end of
the third quarter of 2004. In addition, our General Partner hired two additional
accounting  staff members during 2005 who are certified  public  accountants and
are  experienced  with public  reporting  entities.  Subsequently  in 2006,  our
General Partner hired an additional  accounting  staff member who is a certified
public  accountant with experience with public reporting  entities.  Our General
Partner will  continue to evaluate its  disclosure  controls and  procedures  to
determine their effectiveness and adequacy and will take the steps necessary, in
our General Partner's  opinion,  to ensure the adequacy of our General Partner's
disclosure controls and procedures.

     In designing and evaluating our General Partner's  disclosure  controls and
procedures,   our  General  Partner  recognized  that  disclosure  controls  and
procedures,  no  matter  how well  conceived  and  operated,  can  provide  only
reasonable,  not  absolute,  assurance  that the  objectives  of the  disclosure
controls and procedures are met. Our General Partner's  disclosure  controls and
procedures have been designed to meet reasonable assurance standards. Disclosure
controls  and  procedures  cannot  detect or prevent  all error and fraud.  Some
inherent  limitations  in disclosure  controls and  procedures  include costs of
implementation, faulty decision-making,  simple error and mistake. Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people, or by management override of the controls.  The
design of any system of controls is based,  in part,  upon  certain  assumptions
about the  likelihood of future  events,  and there can be no assurance that any
design will succeed in  achieving  its stated  goals under all  anticipated  and
unanticipated  future  conditions.  Over time,  controls  may become  inadequate
because of changes in conditions,  or the degree of compliance with  established
policies or procedures.

     Our General Partner's Chief Executive  Officer and Principal  Financial and
Accounting  Officer have determined that no weakness in disclosure  controls and
procedures  had any  material  effect on the accuracy  and  completeness  of our
financial reporting and disclosure included in this report.

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

     In the ordinary  course of conducting  our  business,  there may be certain
claims, suits and complaints filed against us. In the opinion of management, the
outcome  of such  matters,  if any,  will  not  have a  material  impact  on our
consolidated  financial  position or results of  operations.  No material  legal
proceedings are currently pending or threatened, to our knowledge, against us or
against any of our assets.

                                       18
<PAGE>

Item 1A. Risk Factors

     There have been no material  changes  from the risk  factors  disclosed  in
"Item 1A.  Risk  Factors"  of our Annual  Report on Form 10-K for the year ended
December 31, 2005.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

     Our General  Partner  consented to us redeeming  1,650 limited  partnership
units during the 2006 Period. The redemption amounts are calculated according to
a specified  redemption  formula in accordance with the  partnership  agreement.
Redeemed  units  have no voting  rights and do not share in  distributions.  The
partnership  agreement limits the number of limited  partnership units which can
be redeemed in any one year and redeemed  limited  partnership  units may not be
reissued. The following table details our limited partnership unit redemptions:


<TABLE>
<CAPTION>
                                                    Total Number
                                                    of Limited            Price Paid
                                                   Partner Units         Per Limited
                                                     Redeemed           Partner Units
                                                   -------------        -------------

<S>                                                    <C>              <C>
 January 1, 2006 through January 31, 2006                1,000          $      49.43

 February 1, 2006 through February 28, 2006
                                                           650          $      42.73
 March 1, 2006 through March 31, 2006                        -          $          -
 April 1, 2006 through April 30, 2006                        -          $          -
 May 1, 2006 thorugh May 31, 2006                            -          $          -
 June 1, 2006 through June 30, 2006                          -          $          -
 July 1, 2006 through July 31, 2006                          -          $          -
 August 1, 2006 through August 31, 2006                      -          $          -
 September 1, 2006 through September 30, 2006                -          $          -

</TABLE>


Item 3.  Defaults Upon Senior Securities

         Not applicable.

Item 4.  Submission of Matters to a Vote of Security Holders

         No matters were submitted to a vote of security holders during the 2006
Quarter.

Item 5.  Other Information

         Not applicable.

Item 6 - Exhibits

     31.1 Rule 13a-14(a)/15d-14(a) certifications.

     31.2 Rule 13a-14(a)/15d-14(a) certifications.

     32.1 Certification  pursuant to 18 U.S.C.  ss.1350,  as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.

     32.2 Certification  pursuant to 18 U.S.C.  ss.1350,  as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.

                                       19
<PAGE>

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Partnership  has duly  caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

ICON Income Fund Eight A L.P.  (Registrant) By its General Partner, ICON Capital
Corp.

Date: November 13, 2006

/s/ Beaufort J.B. Clarke
--------------------------------------
Beaufort J.B. Clarke
Chairman, Chief Executive Officer and Director
(Principal Executive Officer)

Date: November 13, 2006

/s/ Thomas W. Martin
--------------------------------------
Thomas W. Martin
Chief Operating Officer and Chief Financial Officer
(Principal Financial and Accounting Officer)

                                       20
[{"type": "10-Q", "sequence": "1", "filename": "eightafinal.txt", "secsgml_size_bytes": 72635}]
{"company-data": {"conformed-name": "ICON INCOME FUND EIGHT /DE", "cik": "0001061134", "assigned-sic": "7359", "irs-number": "134006824", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "333-54011", "film-number": "061208011"}, "business-address": {"street1": "100 FIFTH AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10011", "phone": "2124184701"}, "mail-address": {"street1": "100 FIFTH AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10011"}}
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                    September 30, 2006
                       ---------------------------------------------------------

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the

transition period from _________________________to _____________________________

Commission File Number                      333-54011
                       ---------------------------------------------------------

                          ICON Income Fund Eight A L.P.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         Delaware                                                 13-4006824
--------------------------------------------------------------------------------
(State or other jurisdiction of             (IRS Employer Identification Number)
incorporation or organization)

 100 Fifth Avenue, 4th Floor, New York, New York                  10011-1505
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip code)

                                 (212) 418-4700
--------------------------------------------------------------------------------
               Registrant's telephone number, including area code

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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [x] Yes [ ] No

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer or a  non-accelerated  filer.  See definition of "accelerated
filer and large  accelerated  filer" in Rule 12b-2 of the  Exchange  Act.  Large
accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [x]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). [ ] Yes [x] No

Number of outstanding limited partnership units of the registrant on October 31,
2006 is 735,232.
ICON Income Fund Eight A L.P.
                                      Index
PART I - FINANCIAL INFORMATION                                                            Page
Item 1.  Condensed Consolidated Financial Statements

         Condensed Consolidated Balance Sheets at September 30, 2006 (Unaudited) and
           December 31, 2005                                                                1

         Condensed Consolidated Statements of Operations for the Three and Nine Months
           Ended September 30, 2006 and 2005 (Unaudited)                                    3

         Condensed Statement of Changes in Partners' Equity for the Nine Months Ended
           September 30, 2006 (Unaudited)                                                   4

         Condensed Consolidated Statements of Cash Flows for the Nine Months Ended
           September 30, 2006 and 2005 (Unaudited)                                          5

         Notes to Condensed Consolidated Financial Statements (Unaudited)                   7

     Item 2. General Partner's Discussion and Analysis of Financial Condition and
              Results of Operations                                                        12

     Item 3.  Quantitative and Qualitative Disclosures About Market Risk                   17

     Item 4.  Controls and Procedures                                                      18

PART II - OTHER INFORMATION

     Item 1.  Legal Proceedings                                                            18

     Item 1A. Risk Factors                                                                 19

     Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                  19

     Item 3.  Defaults Upon Senior Securities                                              19

     Item 4.  Submission of Matters to a Vote of Security Holders                          19

     Item 5.  Other Information                                                            19

     Item 6.  Exhibits                                                                     19

Signatures                                                                                 20
PART I - FINANCIAL INFORMATION

Item 1.  Condensed Consolidated Financial Statements

                          ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                      Condensed Consolidated Balance Sheets

                                     ASSETS

                                                (Unaudited)
                                                September 30     December 31,
                                                    2006             2005
                                                ------------     ------------
 Cash and cash equivalents                      $    180,745     $  1,419,446
                                                ------------     ------------

 Investments in finance leases:
      Minimum rents receivable                     3,937,028        5,696,391
      Estimated unguaranteed residual values         200,000          200,000
      Initial direct costs, net                      104,112          138,816
      Unearned income                               (575,402)      (1,095,644)
                                                ------------     ------------

         Net investments in finance leases         3,665,738        4,939,563
                                                ------------     ------------

 Investments in operating leases:
      Equipment, at cost                          26,521,700       26,521,700
      Accumulated depreciation                   (14,015,804)     (11,412,469)
                                                ------------     ------------

         Net investments in operating leases      12,505,896       15,109,231
                                                ------------     ------------

 Investments in joint ventures                     3,810,786        4,004,228
 Equipment held for sale or lease, net                44,000          323,001
 Other assets, net                                   360,919          805,465
                                                ------------     ------------

         Total assets                           $ 20,568,084     $ 26,600,934
                                                ============     ============

See accompanying notes to condensed consolidated financial statements.

                                       1
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                      Condensed Consolidated Balance Sheets

                        LIABILITIES AND PARTNERS' EQUITY
(Unaudited)
                                                           September 30     December 31,
                                                               2006             2005
                                                           ------------     ------------
Notes and accrued interest payable - non-recourse         $  6,867,429     $ 12,701,548
 Accounts payable and accrued expenses                          232,119          376,301
 Due to General Partner and affiliates                          538,986          253,662
 Minority interest                                              301,636          109,682
 Deferred rental income                                         445,934                -
                                                           ------------     ------------

      Total liabilities                                       8,386,104       13,441,193
                                                           ------------     ------------

 Commitments and contingencies

 Partners' equity:
      General Partner                                          (526,134)        (517,128)
      Limited Partners (735,232 and 736,882 units
         outstanding, $100 per unit original issue price)    12,708,114       13,676,869
                                                           ------------     ------------

      Total partners' equity                                 12,181,980       13,159,741
                                                           ------------     ------------

      Total liabilities and partners' equity               $ 20,568,084     $ 26,600,934
                                                           ============     ============
See accompanying notes to condensed consolidated financial statements.

                                       2
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)
Three Months Ended               Nine Months Ended
                                                        September 30,                     September 30,
                                                  2006              2005             2006             2005
                                               -----------      -----------      ------------     ------------
Revenue:
      Rental income                            $ 1,809,064      $ 1,929,064      $  5,427,191     $  6,390,457
      Finance income                               146,676           58,025           520,242          909,698
      Income from investments in joint ventures     57,843            5,516           161,924            6,527
      Net gain on sales of equipment                     -           99,552                 -        4,886,943
      Net gain on lease termination                      -          630,000                 -          630,000
      Realized gain on sale of convertible notes         -        1,544,573                 -        1,544,573
      Interest and other income                       (867)          56,358            27,033          178,574
                                               -----------      -----------      ------------     ------------

         Total revenue                           2,012,716        4,323,088         6,136,390       14,546,772
                                               -----------      -----------      ------------     ------------

 Expenses:
      Depreciation and amortization                717,711        1,887,803         2,643,754        6,058,975
      Interest                                     136,577          290,575           441,977        1,215,000
      Management fees - General Partner                  -          147,300           174,711          282,509
      Administrative expense reimbursements
         - General Partner                               -           60,513           139,079          505,099
      General and administrative                    21,927          127,103           305,064          279,310
      Impairment loss                              115,500                -           257,440        1,836,395
      Reversal of bad debt allowance                     -          (62,842)                -          (62,842)
      Minority interest                             81,202           10,602           191,953           68,223
                                               -----------      -----------      ------------     ------------

         Total expenses                          1,072,917        2,461,054         4,153,978       10,182,669
                                               -----------      -----------      ------------     ------------

 Net income                                    $   939,799      $ 1,862,034      $  1,982,412     $  4,364,103
                                               ===========     ============      ============     ============

 Net income allocable to:
      Limited Partners                         $   930,401      $ 1,843,414      $  1,962,588     $  4,320,462
      General Partner                                9,398           18,620            19,824           43,641
                                               -----------      -----------      ------------     ------------

                                               $   939,799      $ 1,862,034      $  1,982,412     $  4,364,103
                                               ===========     ============      ============     ============

 Weighted average number of limited partnership
      units outstanding                            735,232          739,515           736,054          739,515
                                               ===========      ===========      ============     ============

 Net income per weighted average limited
      partnership unit outstanding             $      1.27      $      2.49      $       2.67     $       5.84
                                               ===========      ===========      ============     ============
See accompanying notes to condensed consolidated financial statements.

                                       3
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
               Condensed Statement of Changes in Partners' Equity
                      Nine Months Ended September 30, 2006
                                   (Unaudited)
Limited
                                                 Partner                                            Total
                                                  Units           Limited          General         Partners'
                                               Outstanding        Partners          Partner          Equity
                                               -----------      -----------      ------------     ------------
Balance, January 1, 2006                           736,882     $13,676,869      $   (517,128)    $ 13,159,741

 Limited partnership units redeemed                 (1,650)         (77,210)                -         (77,210)
 Cash distributions paid or accrued to partners          -       (2,854,133)          (28,830)      (2,882,963)
 Net income                                              -        1,962,588            19,824        1,982,412
                                               -----------      -----------      ------------     ------------

 Balance, September 30, 2006                       735,232      $12,708,114      $   (526,134)    $ 12,181,980
                                               ===========      ===========      ============     ============
See accompanying notes to condensed consolidated financial statements.

                                       4
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Cash Flows
                         Nine Months Ended September 30,
                                   (Unaudited)
Increase (decrease) in cash and cash equivalents                  2006              2005
                                                                -----------      ------------
Cash flows from operating activities:
      Net income                                                $ 1,982,412      $  4,364,103
      Adjustments to reconcile net income to net cash
         provided by (used in) operating activities:
            Rental income paid directly to lenders by lessees    (5,289,970)       (6,390,457)
            Finance income  paid directly to lenders by lessees    (520,242)         (909,698)
            Income from investments in joint ventures              (161,924)           (6,527)
            Net gain on sales of equipment                                -        (4,886,943)
            Realized gain on sale of convertible notes                    -        (1,544,573)
            (Gain) loss on lease termination                              -          (630,000)
            Depreciation and amortization                         2,643,754         6,058,975
            Interest expense on non-recourse financing paid
               directly to lenders by lessees                       441,977         1,074,691
            Impairment loss                                         257,440         1,836,395
            Reversal of bad debt allowance                                -           (62,842)
            Minority interest                                       191,953            68,223
         Changes in operating assets and liabilities:
            Collection of principal - non-financed receivables    1,759,363           417,798
            Other assets                                           (101,156)          (37,049)
            Accrued interest income                                       -           108,120
            Accounts payable and accrued expenses                  (144,182)           83,135
            Due to General Partner and affiliates, net              120,122           (95,906)
            Deferred rental income                                        -             3,118
                                                                -----------      ------------

 Net cash provided by (used in) operating activities              1,179,547          (549,437)
                                                                -----------      ------------

 Cash flows from investing activities:
      Proceeds from sales of equipment                               21,561        25,076,809
      Proceeds from lease termination                                     -           630,000
      Proceeds from the sale of convertible notes                         -         1,544,573
      Distributions received from joint ventures                    355,364            13,200
                                                                -----------      ------------

 Net cash provided by investing activities                          376,925        27,264,582
                                                                -----------      ------------

 Cash flows from financing activities:
      Cash distributions paid to partners                        (2,882,963)       (3,014,076)
      Cash paid for redemption of limited partnership units         (77,210)               -
      Advances from General Partner, net                            165,000                -
      Repayments of notes payable- non-recourse                           -       (11,597,623)
      Repayments of notes payable- recourse                               -        (5,400,000)
      Proceeds from note payable - recourse                               -           775,000
                                                                -----------      ------------

 Net cash used in financing activities                           (2,795,173)      (19,236,699)

 Net (decrease) increase in cash and cash equivalents            (1,238,701)        7,478,446

 Cash and cash equivalents, beginning of the period               1,419,446           718,195
                                                                -----------      ------------

 Cash and cash equivalents, end of the period                   $   180,745      $  8,196,641
                                                                ===========      ============
See accompanying notes to condensed consolidated financial statements.

                                       5
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
                 Condensed Consolidated Statements of Cash Flows
                         Nine Months Ended September 30,
                                   (Unaudited)
2006             2005
                                                                             ---------------   --------------
Supplemental disclosure of cash flow information:
      Cash paid during the period for interest                               $        -        $      140,309
                                                                             ===============   ==============

 Supplemental disclosure of non-cash investing and financing activities:
      Principal and interest paid directly to lenders by lessees             $     6,276,096   $   10,590,128
                                                                             ===============   ==============
See accompanying notes to condensed consolidated financial statements.

                                       6
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(1)    Basis of Presentation and Consolidation

     The accompanying condensed consolidated financial statements of ICON Income
Fund Eight A L.P (the  "Partnership")  have been  prepared  in  accordance  with
accounting  principles  generally  accepted in the United  States of America for
interim  financial  information and pursuant to the rules and regulations of the
Securities  and  Exchange  Commission  for Form 10-Q.  Accordingly,  they do not
include all of the information and footnotes  required by accounting  principles
generally  accepted  in the United  States of  America  for  complete  financial
statements.  In the opinion of the General Partner, all adjustments  (consisting
only of normal recurring accruals)  considered necessary for a fair presentation
have been included.  These condensed consolidated financial statements should be
read in  conjunction  with  the  consolidated  financial  statements  and  notes
included in the  Partnership's  2005 Annual Report on Form 10-K. The results for
the interim  period are not  necessarily  indicative of the results for the full
year.

     The condensed consolidated financial statements include the accounts of the
Partnership and its majority owned  subsidiary.  All  intercompany  accounts and
transactions have been eliminated in consolidation.

     The Partnership accounts for its noncontrolling interests in joint ventures
where the  Partnership  has  influence on  financial  and  operational  matters,
generally greater than 5% but less than 50% ownership interest, under the equity
method of accounting.  In such cases, the Partnership's original investments are
recorded  at  cost  and  adjusted   for  its  share  of  earnings,   losses  and
distributions.  The Partnership accounts for investments in joint ventures where
the  Partnership  has  virtually no influence  over  financial  and  operational
matters using the cost method of accounting.  In such cases,  the  Partnership's
original  investments  are recorded at cost and any  distributions  received are
recorded to operations.  All of the Partnership's  investments in joint ventures
are subject to its impairment review policies.

     In joint ventures where the  Partnership's  ownership  interest is majority
owned,  minority interest represents the minority owner's proportionate share of
its equity in the joint  venture.  The  minority  interest is  adjusted  for the
minority  owner's share of the earnings,  losses and  distributions of the joint
venture.

(2)    Organization

     The  Partnership  was  formed  on  July  9,  1997  as  a  Delaware  limited
partnership  for the purpose of acquiring  equipment  subject to lease and, to a
lesser degree,  acquiring ownership rights to items of leased equipment at lease
expiration.  The  Partnership  will  continue  until  December 31, 2017,  unless
terminated sooner.

     The General  Partner of the Partnership is ICON Capital Corp. (the "General
Partner"), a Connecticut  corporation.  The General Partner manages and controls
the  Partnership's  business affairs,  including,  but not limited to, equipment
leases and financing transactions under the terms of a management agreement with
the  Partnership.  Additionally,  the  General  Partner has a 1% interest in the
profits, losses, cash distributions and liquidation proceeds of the Partnership.

                                       7
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(2)    Organization - continued

     The  Partnership  invested  most of the net  proceeds  from its offering in
items of equipment that are subject to a lease.  After the net offering proceeds
were invested, additional investments were made with the cash generated from the
Partnership's  initial  investments  to the extent  that cash was not needed for
expenses,  reserves and distributions to partners.  The investment in additional
equipment in this manner is called  "reinvestment."  The  Partnership  purchased
equipment  from time to time  until  approximately  five years from the date the
offering was  completed.  This time frame is called the  "reinvestment  period,"
which  ended on December  20,  2005.  After the  reinvestment  period,  we began
selling our assets in the ordinary course of business during a time frame called
the "liquidation period."

     Partners'   capital  accounts  are  increased  for  their  initial  capital
contribution plus their  proportionate  share of earnings and decreased by their
proportionate  share  of  losses  and  distributions.   Profits,   losses,  cash
distributions and liquidation proceeds are allocated 99% to the limited partners
and 1% to the General  Partner  until each  limited  partner has  received  cash
distributions  and  liquidation  proceeds  sufficient  to reduce their  adjusted
capital   contribution   account  to  zero  and  receive,  in  addition,   other
distributions  and  allocations  which would provide an 8% per annum  cumulative
return on their outstanding  adjusted capital contribution  account.  After such
time, distributions will be allocated 90% to the limited partners and 10% to the
General Partner.

     Certain  reclassifications  have  been made to the  accompanying  condensed
consolidated  financial statements for the three and nine months ended September
30, 2005 to conform to the current period presentation.

(3)    Use of Estimates

     The  preparation  of financial  statements  in conformity  with  accounting
principles  generally  accepted  in the United  States of America  requires  the
General  Partner to make  estimates  and  assumptions  that affect the  reported
amounts of assets and  liabilities  and the disclosure of contingent  assets and
liabilities as of the date of the financial  statements and the reported amounts
of revenues and expenses  during the  reporting  period.  Significant  estimates
primarily  include the value of unguaranteed  residual values,  depreciation and
amortization  and  impairment  losses.  Actual  results  could differ from those
estimates.

(4)    Investments in Operating Leases

     The  Partnership's  investments  in  operating  leases  are  summarized  as
follows:

                                               (Unaudited)
                                               September 30,    December 31,
                                                   2006            2005
                                               -----------      -----------
 Aircraft and aircraft related equipment       $18,486,930      $18,486,930
 Petrochemical tug and barge                     8,034,770        8,034,770
                                               -----------      -----------
                                                26,521,700       26,521,700

 Less: accumulated depreciation                (14,015,804)     (11,412,469)
                                               -----------      -----------

                                               $12,505,896      $15,109,231

                                       8
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(5)    Joint Ventures

     The joint venture described below is minority owned and is not consolidated
by the Partnership.

     ICON Global Crossing, LLC

     On November 17, 2005, the Partnership  along with ICON Income Fund Ten, LLC
and ICON  Leasing Fund  Eleven,  LLC ("Fund  Eleven"),  both  affiliates  of the
General Partner, formed ICON Global Crossing, LLC ("ICON Global Crossing"), with
original ownership  interests of approximately  12%, 44% and 44%,  respectively.
Total capital  contributions  made to ICON Global Crossing were $17,397,940,  of
which the  Partnership's  share was $2,006,952.  ICON Global Crossing  purchased
state-of-the-art  telecommunications  equipment  on  lease  to  Global  Crossing
Telecommunications,  Inc.  ("Global  Crossing").  On March 31, 2006, Fund Eleven
made an additional  capital  contribution to ICON Global Crossing of $7,733,176,
which changed the ownership  interests to  approximately  8.0%, 30.6% and 61.4%,
respectively.

     During   February   and  March  2006,   ICON  Global   Crossing   purchased
approximately  $22,113,000 of equipment  (including  initial direct costs in the
form of legal fees of  approximately  $157,000) on lease to Global  Crossing and
during April 2006 purchased approximately  $3,165,000 of additional equipment on
lease  with  Global  Crossing.  The term of the lease is 48 months  and began on
April 1, 2006.

(6)    Equipment Held for Sale or Lease, Net

     Equipment held for sale or lease consists solely of aircraft  rotable parts
for Boeing A300 aircraft. Aircraft rotables are replacement spare parts that are
held in inventory by an airline.  The Partnership is currently in the process of
remarketing this equipment.

     At September 30, 2006, the General  Partner  determined,  based upon recent
negotiations with potential buyers,  that the aircraft rotables may be impaired.
Accordingly,  the  Partnership  recorded an  impairment  loss for  approximately
$115,500 to more closely approximate the adjusted book value to the current fair
value of the  aircraft  rotables,  net of  estimated  selling  costs.  The total
impairment loss on these rotables during 2006 is approximately $257,440.

(7)    Transactions with Related Parties

     Effective  April 1, 2006,  the General  Partner waived its rights to future
management fees and administrative expense reimbursements.  For the three months
ended  September  30,  2006,  the General  Partner  waived  management  fees and
administrative  expense  reimbursements  of  approximately  $90,000 and $63,700,
respectively.  Prior to April  1,  2006,  in  accordance  with the  terms of the
management  agreement,  the Partnership  paid the General Partner (i) management
fees ranging from 1% to 7% based on a percentage of the rentals  received either
directly by the Partnership or through joint ventures and (ii) acquisition fees,
through the reinvestment  period,  of 3% of the gross value of the Partnership's
acquisition  transactions.  In addition,  the General Partner was reimbursed for
administrative   expenses   incurred  in  connection   with  the   Partnership's
operations.

     The General Partner performs certain services relating to the management of
the  Partnership's  equipment  leasing  activities.  Such  services  include the
collection  of lease  payments  from the  lessees of the  equipment,  re-leasing
services in connection  with  equipment  which is off-lease,  inspections of the
equipment,  liaison with and general  supervision  of lessees to assure that the
equipment is being properly operated and maintained,  monitoring  performance by
the lessees of their  obligations  under the leases and the payment of operating
expenses.

                                       9
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(7)    Transactions with Related Parties - continued

     Administrative  expense  reimbursements  are costs  incurred by the General
Partner and necessary to the Partnership's  operations.  These costs include the
General  Partner's  legal,   accounting,   investor   relations  and  operations
personnel,  as well as professional fees and other costs that are charged to the
Partnership  based upon the  percentage of time such  personnel  dedicate to the
Partnership.  Excluded are salaries and related costs, travel expenses and other
administrative  costs incurred by individuals with a controlling interest in the
General Partner.

     The General Partner also has a 1% interest in the Partnership's profits and
distributions.  The  Partnership  paid or accrued  distributions  to the General
Partner  of  $28,830   during  the  nine  months  ended   September   30,  2006.
Additionally, the General Partner's interest in the Partnership's net income for
the three  months  ended  September  30,  2006 and 2005 was $9,398 and  $18,620,
respectively. The General Partner's interest in the Partnership's net income for
the nine months  ended  September  30,  2006 and 2005 was  $19,824 and  $43,641,
respectively.

     The  Partnership  had a payable of $538,986 due to the General  Partner and
affiliates  at September  30, 2006.  The  Partnership  owed the General  Partner
$192,786 for accrued and unpaid administrative expense  reimbursements  incurred
prior to April 1,  2006,  $181,200  for  accrued  and  unpaid  acquisition  fees
incurred  during the year ended December 31, 2005. The balance of the payable to
the General Partner relates to advances made to the Partnership during 2006.

     On June 1, 2006, the General Partner  advanced to the Partnership  $15,000,
on July 3, 2006, the General  Partner  advanced to the Partnership an additional
$100,000  and in August  2006 an  additional  $70,000.  The  Partnership  repaid
$20,000 of these advances during  September  2006.  These advances are due on or
before the date that is one year from the date of each such  advance  and do not
accrue interest.  These advances are evidenced by a note between the Partnership
and the General Partner and were entered into to assist the Partnership with its
working capital purposes.

     Fees and other expenses  charged to operations by the  Partnership and paid
or  accrued to the  General  Partner  or its  affiliates  for the three and nine
months ended September 30, 2006 and 2005, respectively, were as follows:
Three Months Ended                 Nine Months Ended
                                                        September 30,                     September 30,

                                                    2006            2005             2006             2005
                                               -----------      -----------      ------------     ------------
Management fees                               $         -      $   147,300      $    174,711     $    282,509
 Administrative expense reimbursements                   -           60,513           139,079          505,099
                                               -----------      -----------      ------------     ------------

                                               $         -      $   207,813      $    313,790     $    787,608
                                               ===========      ===========      ============     ============
(8)    Recent Accounting Pronouncements

     In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial  Accounting  Standards No. 157 "Accounting for Fair Value
Measurements"  ("SFAS  157").  SFAS 157  establishes  a separate  framework  for
determining  fair values of assets and  liabilities  that are  required by other
authoritative  generally  accepted  accounting  principal  pronouncements  to be
measured at fair value.  In addition,  SFAS 157  incorporates  and clarifies the
guidance in FASB  Concepts  Statement  No. 7 regarding  the use of present value
techniques  in  measuring  fair  value.  SFAS  157 is  effective  for  financial
statements  with fiscal years  beginning after November 15, 2007. The Manager is
currently  evaluating  the impact of this  pronouncement  but does not currently
believe it will have a material impact on the financial statements.

                                       10
ICON Income Fund Eight A L.P.
                        (A Delaware Limited Partnership)
              Notes To Condensed Consolidated Financial Statements
                               September 30, 2006
                                   (Unaudited)

(8)    Recent Accounting Pronouncements - continued

     The General  Partner does not believe that any other recently  issued,  but
not yet effective accounting pronouncements,  if currently adopted, would have a
material effect on the accompanying condensed consolidated financial statements.

                                       11
Item 2. General  Partner's  Discussion  and Analysis of Financial  Condition and
Results of Operations

     The  following is a  discussion  of our results of  operations  and current
financial  position.  This  discussion  should be read in  conjunction  with our
unaudited condensed consolidated financial statements and related notes included
elsewhere  in this report,  Item 1A. Risk  Factors and the audited  consolidated
financial  statements  and related  notes  included in our Annual Report on Form
10-K for the year ended December 31, 2005.

     As used in this  Quarterly  Report on Form 10-Q,  references to "we," "us,"
"our"  or  similar  terms  include  ICON  Income  Fund  Eight  A  L.P.  and  its
consolidated subsidiaries.

Forward-Looking Statements

     Certain statements within this Quarterly Report on Form 10-Q may constitute
forward-looking   statements  within  the  meaning  of  the  Private  Securities
Litigation  Reform  Act of 1995  ("PSLRA").  These  statements  are  being  made
pursuant to the PSLRA, with the intention of obtaining the benefits of the "safe
harbor"  provisions of the PSLRA,  and, other than as required by law, we assume
no  obligation  to  update  or  supplement  such   statements.   Forward-looking
statements are those that do not relate solely to historical fact. They include,
but are not limited to, any statement  that may predict,  forecast,  indicate or
imply future  results,  performance,  achievements  or events.  You can identify
these   statements  by  the  use  of  words  such  as  "may,"  "will,"  "could,"
"anticipate," "believe," "estimate," "expects," "intend," "predict" or "project"
and variations of these words or comparable words or phrases of similar meaning.
These  forward-looking  statements  reflect our current beliefs and expectations
with respect to future  events and are based on  assumptions  and are subject to
risks and  uncertainties  and other  factors  outside our control that may cause
actual results to differ materially from those projected.

Overview

     We are an  equipment  leasing  business  formed on July 9,  1997.  We began
active  operations on October 14, 1998.  We primarily  engage in the business of
acquiring  equipment  subject  to  lease  and,  to a  lesser  degree,  acquiring
ownership rights to items of leased equipment at lease  expiration.  Some of our
equipment  leases are acquired for cash and are expected to provide current cash
flow, which we refer to as "income"  leases.  The majority of the purchase price
of our other  equipment  leases will be financed,  so these leases will generate
little or no current cash flow because  substantially all of the rental payments
received from a lessee will be paid to a lender.  For these "growth" leases,  we
anticipate  that the future value of the leased  equipment  will exceed the cash
portion  of  the  purchase   price  paid  for  the   equipment.   We  ended  our
"reinvestment"  period on  December  20, 2005 and began our  liquidation  period
where we began to sell our assets in the ordinary course of business.

     If we believe it would  benefit our  partners to reinvest  our cash flow in
equipment during the liquidation  period,  we may do so, but our General Partner
will not  receive  any  additional  acquisition  fees in  connection  with  such
reinvestments. Our goal is to complete the liquidation period within three years
after the end of the reinvestment period, but it may take longer to do so.

     At September 30, 2006 our current portfolio,  which we hold either directly
or through  joint  venture  investments  with  affiliates  and others,  consists
primarily of the following equipment subject to lease:

Air Transportation Equipment:

o    We have a 90.0% interest in a McDonnell Douglas DC-10-30F  aircraft subject
     to lease with FedEx.  At September 30, 2006, the lease has a remaining term
     of nine months.

                                       12
o    We have a 100.0% interest in various aircraft rotables that were originally
     on lease to Sabena Belgian World  Airways,  Sabena Oman and Sabena MEA. All
     of this equipment is currently off lease and being remarketed for sale.

     At September 30, 2006, the General  Partner  determined,  based upon recent
     negotiations  with  potential  buyers,  that the  aircraft  rotables may be
     impaired.  Accordingly,  the  Partnership  recorded an impairment  loss for
     approximately  $115,500 to more closely approximate the adjusted book value
     to the  current  fair  value of the  aircraft  rotables,  net of  estimated
     selling costs.  The total  impairment loss on these rotables during 2006 is
     approximately $257,440.

Energy Equipment:

o    We have a 100.0% interest in one tugboat ("M/V MICHIGAN")  bearing official
     number 650770 and one oil barge ("GREAT  LAKES")  bearing  official  number
     650771 on charter to Keystone Great Lakes, whose obligations are ultimately
     guaranteed  by BP plc.  The  charter is  scheduled  to expire on January 1,
     2008.

Manufacturing Equipment for Playgrounds:

o    We have a 100.0% interest in equipment used in a manufacturing  facility on
     lease to Playcore Wisconsin, Inc. ("Playcore"). The manufacturing equipment
     is on lease for a term of three years commencing January 1, 2006.

Telecommunications Equipment:

o    We have an 8.0%  ownership  interest  in ICON Global  Crossing,  LLC ("ICON
     Global  Crossing"),  an entity also managed by our General  Partner,  which
     purchased state-of-the-art  telecommunications equipment on lease to Global
     Crossing Telecommunications, Inc ("Global Crossing").

New Accounting Pronouncements

     In September 2006, the Financial Accounting Standards Board ("FASB") issued
Statement of Financial  Accounting  Standards No. 157 "Accounting for Fair Value
Measurements"  ("SFAS  157").  SFAS 157  establishes  a separate  framework  for
determining  fair values of assets and  liabilities  that are  required by other
authoritative  generally  accepted  accounting  principal  pronouncements  to be
measured at fair value.  In addition,  SFAS 157  incorporates  and clarifies the
guidance in FASB  Concepts  Statement  No. 7 regarding  the use of present value
techniques  in  measuring  fair  value.  SFAS  157 is  effective  for  financial
statements  with fiscal years  beginning after November 15, 2007. The Manager is
currently  evaluating  the impact of this  pronouncement  but does not currently
believe it will have a material impact on the financial statements.

     The General  Partner does not believe that any other recently  issued,  but
not yet effective accounting pronouncements,  if currently adopted, would have a
material effect on the accompanying condensed consolidated financial statements.

Results of Operations  for the Three Months Ended  September 30, 2006 (the "2006
Quarter") and 2005 (the "2005 Quarter")

     We began  our  liquidation  period on  December  20,  2005.  Our goal is to
complete the liquidation period within three years, but it may take longer to do
so.  During the  liquidation  period,  we will sell our  assets in the  ordinary
course of  business.  As we begin to sell our  assets,  both  rental  income and
finance  income will decrease over time as will expenses  related to our assets,
such as depreciation expense. Additionally,  interest expense should decrease as
we reach the  expiration  of leases that were financed and the debt is repaid to
the lender.  As leased  equipment  is sold,  we will  experience  both gains and
losses on these sales.

                                       13
Revenue  for the  2006  Quarter  and the 2005  Quarter  are  summarized  as
follows:
Three Months Ended September 30,
                                                    2006             2005           Change
                                               ------------     -----------   --------------
Total revenue                                 $ 2,012,716      $ 4,323,088   $   (2,310,372)
                                               ===========      ===========   ==============
 Rental income                                 $ 1,809,064      $ 1,929,064   $     (120,000)
 Finance income                                $   146,676      $    58,025   $       88,651
 Income from investments in joint ventures     $    57,843      $     5,516   $       52,327
 Net gain on sales of equipment                $         -      $    99,552   $      (99,552)
 Net gain on lease termination                 $         -      $   630,000   $     (630,000)
 Realized gain on sale of convertible notes    $         -      $ 1,544,573   $   (1,544,573)
 Interest and other income                     $      (867)     $    56,358   $      (57,225)
Total revenue for the 2006 Quarter decreased $2,310,372, or 53.4%, compared
to the 2005 Quarter. The decrease in rental income was principally due to leased
equipment we sold during 2005.  Finance  income  increased  primarily due to the
increase in income from Playcore  during the 2006  Quarter.  The decrease in net
gain  on  sale of  equipment  is due  primarily  to the  sale of the two  Boeing
aircraft  previously  on lease to America  West that  resulted  in a net gain of
approximately  $99,552  during the 2005  Quarter.  The decrease in gain on lease
termination  also  results  from the sale of the two Boeing  aircraft  and early
buyout of the lease  during the 2005  Quarter.  The  decrease in gain on sale of
convertible  notes also  results  from the sale of two Boeing  aircraft  and the
subsequent pay down of the debt which  released the  securities  that were being
held as collateral for the note during the 2005 Quarter.

     Expenses  for the 2006  Quarter  and the 2005  Quarter  are  summarized  as
follows:
Three Months Ended September 30,
                                                                     2006             2005           Change
                                                                -----------      ------------     ------------
Total expenses                                                 $ 1,072,917      $  2,461,054     $ (1,388,137)
                                                                ===========      ============     ============
 Depreciation and amortization                                  $   717,711      $  1,887,803     $ (1,170,092)
 Interest                                                       $   136,577      $    290,575     $   (153,998)
 General and administrative                                     $    21,927      $    127,103     $   (105,176)
 Management fees - General Partner                              $         -      $    147,300     $   (147,300)
 Administrative expense reimbursements - General Partner        $         -      $     60,513     $    (60,513)
 Reversal of bad debt allowance                                 $         -      $    (62,842)    $     62,842
 Impairment loss                                                $   115,500      $          -     $    115,500
 Minority interest                                              $    81,202      $     10,602     $     70,600
Total  expenses  for the  2006  Quarter  decreased  $1,388,137,  or  56.4%,
compared to the 2005 Quarter.  The decrease in depreciation and amortization was
primarily due to our General Partner's  determination at December 31, 2005, that
we would  discontinue  depreciating  one of our assets, a tug boat and barge, on
charter to Keystone Great Lakes.  This  assessment was based upon the results of
our  General  Partner's  annual  review  of our  assets in  accordance  with our
impairment policy. During the review process our General Partner determined that
the net book value of this  equipment  approximated  the estimated fair value at
lease  termination on January 1, 2008. Our General  Partner  estimated that this
change  will  result in a  decrease  in our  depreciation  and  amortization  of
approximately   $1,243,000   annually,   or  approximately   $1.69  per  limited
partnership  unit.  The decrease in interest  expense was  primarily  due to our
repayment of the  outstanding  debt balance  related to the two Boeing  aircraft
sold during July 2005. The decrease of both  management  fees - General  Partner
and  administrative  expense  reimbursements  -  General  Partner  is due to our
General  Partner's  decision,  effective  April 1,  2006,  to waive  all  future
management  fees and  administrative  expense  reimbursements.  The  increase in
impairment loss is due to our General Partner's decision during the 2006 Quarter
that our aircraft rotables required an impairment of approximately $115,500.

                                       14
Net Income

     As a result of the  foregoing  factors,  net  income for 2006  Quarter  was
$939,799,  as compared  to net income for 2005  Quarter of  $1,862,034.  The net
income per weighted average number of limited  partnership units outstanding for
the 2006 Quarter was $1.27 as compared to net income per weighted average number
of limited partnership units outstanding for 2005 Quarter of $2.49.

Results of  Operations  for the Nine Months Ended  September 30, 2006 (the "2006
Period") and 2005 (the "2005 Period")

     Revenues for the 2006 Period and the 2005 Period are summarized as follows:
Nine Months Ended September 30,
                                                   2006             2005            Change
                                               -----------      -----------      ------------
Total revenue                                 $ 6,136,390      $14,546,772      $ (8,410,382)
                                               ===========      ===========      ============
 Rental income                                 $ 5,427,191      $ 6,390,457      $   (963,266)
 Finance income                                $   520,242      $   909,698      $   (389,456)
 Income from investments in joint ventures     $   161,924      $     6,527      $    155,397
 Net gain on sales of equipment                $         -      $ 4,886,943      $ (4,886,943)
 Net gain on lease termination                 $         -      $   630,000      $   (630,000)
 Realized gain on sale of convertibles notes   $         -      $ 1,544,573      $ (1,544,573)
 Interest and other income                     $    27,033      $   178,574      $   (151,541)
Total revenue for the 2006 Period decreased $8,410,382,  or 57.8%, compared
to the 2005 Period.  The decrease in rental income was principally due to leased
equipment we sold during 2005. The decrease in rental income is primarily due to
the sale during July 2005,  of the two Boeing  aircraft  previously  on lease to
America West Airlines, Inc. Rental income from these aircraft is included in the
2005 Period and not in the 2006 Period.  Finance income decreased  primarily due
to the expiration of our lease with E*Trade during February 2005 and the sale of
the coal  handling  facility on lease to Portland  General  Electric  during May
2005. The decrease in net gain on sale of equipment is due primarily to the sale
of the coal handling  facility  previously on lease to Portland General Electric
that resulted in a net gain of approximately  $4,834,000 during the 2005 Period.
The decrease in gain on lease  termination also results from the sale of the two
Boeing  aircraft and an early  buyout of the lease  during the 2005 Period.  The
decrease in gain on sale of convertible  notes also results from the sale of two
Boeing  aircraft  and the  subsequent  pay down of the debt which  released  the
securities  that were  being  held as  collateral  for the note  during the 2005
Period.  The decrease in interest and other income is due  primarily to interest
earned on the convertible notes during the 2005 Period.

                                       15
Expenses for the 2006 Period and the 2005 Period are summarized as follows:
Nine Months Ended September 30,
                                                                     2006             2005           Change
                                                                -----------      ------------     ------------
Total expenses                                                 $ 4,153,978      $ 10,182,669     $ (6,028,691)
                                                                ===========      ============     ============
 Depreciation and amortization                                  $ 2,643,754      $  6,058,975     $ (3,415,221)
 Interest                                                       $   441,977      $  1,215,000     $   (773,023)
 General and administrative                                     $   305,064      $    282,509     $     22,555
 Management fees - General Partner                              $   174,711      $    505,099     $   (330,388)
 Administrative expense reimbursements - General Partner        $   139,079      $    279,310     $   (140,231)
 Minority interest                                              $   191,953      $     68,223     $    123,730
 Reversal of bad debt allowance                                 $         -      $    (62,842)    $     62,842
 Impairment loss                                                $   257,440      $  1,836,395     $ (1,578,955)
Total expenses for the 2006 Period decreased $6,028,691, or 59.2%, compared
to the 2005 Period.  The decrease in depreciation and amortization was primarily
due to our General  Partner's  determination  at December 31, 2005 that we would
discontinue  depreciating one of our assets, a tug boat and barge, on charter to
Keystone Great Lakes.  This assessment was based upon the results of our General
Partner's annual review of our assets in accordance with our impairment  policy.
During the review process our General Partner determined that the net book value
of this equipment  approximated the estimated fair value at lease termination on
January 1, 2008. Our General Partner estimated that this change will result in a
decrease  in our  depreciation  and  amortization  of  approximately  $1,243,000
annually,  or approximately  $1.69 per limited partnership unit. The decrease in
interest  expense was  primarily due to our  repayment of the  outstanding  debt
balance  related to the two Boeing  aircraft sold during July 2005. The decrease
of  both  management  fees  -  General   Partner  and   administrative   expense
reimbursements  - General  Partner  is due to our  General  Partner's  decision,
effective April 1, 2006, to waive all future management fees and  administrative
expense  reimbursements.  The decrease in impairment  loss is due to our General
Partner's decision during the 2006 Period that our aircraft rotables required an
impairment of approximately  $257,440,  while during the 2005 Period our General
Partner  determined  that  our  aircraft  rotables  required  an  impairment  of
approximately  $1,152,000 and our two aircraft sold during July 2005 required an
impairment loss of approximately $685,000 during the 2005 Period.

Net Income

     As a result of the  foregoing  factors,  the net income for 2006 Period was
$1,982,412,  as compared to net income for 2005  Period of  $4,364,103.  The net
income per weighted average number of limited  partnership units outstanding for
the 2006 Period was $2.67 as compared to net income per weighted  average number
of limited partnership units outstanding for 2005 Period of $5.84.

Liquidity and Capital Resources

Sources and Uses of Cash

     At September 30, 2006, we had cash and cash equivalents of $180,745. During
our liquidation period, our main source of cash is expected to be from operating
and investing activities.  Our main use of cash during the liquidation period is
expected to be for financing  activities,  in the form of cash  distributions to
our partners.

     Our main  sources  of cash  during  the 2006  Period  were  from  operating
activities  and  investing  activities.  The main source of cash from  operating
activities was from the collection of rental income from non-financed  leases of
approximately $1,759,000.  Our primary sources of cash from investing activities
were from distributions  received from joint ventures of approximately  $355,000
and  proceeds  from the sales of equipment of  approximately  $22,000.  Our only
source of cash from financing  activities was $165,000 advanced from our General
Partner.

                                       16
Our main use of cash during the 2006 Period was for  financing  activities.
Our primary use of cash for financing  activities was  distribution  payments to
our  partners  of  approximately   $2,883,000  and  the  redemption  of  limited
partnership units of approximately $77,000.

Financings and Borrowings

     We have  non-recourse  debt  at  September  30,  2006  of  $6,867,429.  Our
non-recourse debt consists of notes payable in which the lenders have a security
interest in the equipment and an  assignment  of the rental  payments  under the
leases.  The lenders are being paid  directly by the lessees.  Our  non-recourse
debt  obligations  accrue  interest at rates ranging  between 4.00% per year and
7.89% per year.

     On June 1, 2006, our General Partner advanced us $15,000,  on July 3, 2006,
our General  Partner  advanced us an  additional  $100,000 and in August 2006 an
additional  $70,000 for short-term  working capital purposes.  We repaid $20,000
during  September  2006.  These  advances are evidenced by a note, are due on or
before the date that is one year from the date of each such  advance  and do not
accrue interest.

     Our  General  Partner  believes  that  with  the  cash  we  have  currently
available,  cash being generated from our leases,  cash  distributions  from our
joint ventures and proceeds from equipment  sales,  we have  sufficient  cash to
continue our operations into the  foreseeable  future.  However,  our ability to
generate  cash  in  the  future  is  subject  to  general  economic,  financial,
competitive,  regulatory  and other factors that affect our lessees'  businesses
that are beyond our control.

Distributions

     We paid monthly  distributions to our limited  partners  beginning with the
first month after the limited partners' admission through the termination of the
operating period, which was December 20, 2005. During the liquidation period, we
have continued to make  distributions  pursuant to the terms of the  partnership
agreement.  We expect that distributions made during the liquidation period will
vary,  depending on the timing of the sale of our assets,  our receipt of rental
income,  and income from our investments.  We paid  distributions to our limited
partners for the nine months ended  September 30, 2006 of $2,854,133 and we paid
or accrued  distributions  to our  General  Partner  for the nine  months  ended
September 30, 2006 of $28,830.

Contractual Obligations and Commitments and Off Balance Sheet Transactions

     On June 1, 2006,  our  General  Partner  advanced us $15,000 and on July 3,
2006,  advanced us an additional  $100,000 and in August 2006 a further  $70,000
for short-term  working  capital  purposes.  We repaid $20,000 during  September
2006. These advances are evidenced by a note, are due on or before the date that
is one year from the date of each such advance and do not accrue interest.

     Our  other  contractual   obligations  and  commitments  have  not  changed
materially from the amounts  disclosed in our Annual Report on Form 10-K for the
year ended December 31, 2005. We do not have any off balance sheet transactions.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

     We, like most other companies,  are exposed to certain market risks,  which
include  changes in interest rates and the demand for equipment (and the related
residuals)  owned by us. We believe  that our  exposure to other  market  risks,
including foreign currency  exchange rate risk,  commodity risk and equity price
risk, are  insignificant,  at this time, to both our financial  position and our
results of operations.  There were no material changes to the disclosure related
to these items  since the filing of our Annual  Report on Form 10-K for the year
ended December 31, 2005.

                                       17
Item 4.  Controls and Procedures

     Evaluation of disclosure controls and procedures

     In connection  with the  preparation of this Quarterly  Report on Form 10-Q
for the period ended September 30, 2006, as well as the financial statements and
Quarterly  Reports on Form 10-Q for the period ended  September 30, 2006 for our
affiliates, our General Partner carried out an evaluation, under the supervision
and with the  participation of the management of our General Partner,  including
its Chief Executive Officer and the Principal  Financial and Accounting Officer,
of the  effectiveness  of the  design and  operation  of our  General  Partner's
disclosure  controls and  procedures as of the end of the period covered by this
report pursuant to the Securities  Exchange Act of 1934.  Based on the foregoing
evaluation, except as noted below, the Chief Executive Officer and the Principal
Financial and Accounting Officer concluded that our General Partner's disclosure
controls and procedures were effective.

     While evaluating our General Partner's  disclosure controls and procedures,
our General Partner recognized that greater internal controls were needed to aid
in a more efficient closing of our financial  statements,  thereby requiring our
General  Partner to hire  additional  skilled  accounting  staff to support  the
senior vice president of accounting  hired by our General  Partner at the end of
the third quarter of 2004. In addition, our General Partner hired two additional
accounting  staff members during 2005 who are certified  public  accountants and
are  experienced  with public  reporting  entities.  Subsequently  in 2006,  our
General Partner hired an additional  accounting  staff member who is a certified
public  accountant with experience with public reporting  entities.  Our General
Partner will  continue to evaluate its  disclosure  controls and  procedures  to
determine their effectiveness and adequacy and will take the steps necessary, in
our General Partner's  opinion,  to ensure the adequacy of our General Partner's
disclosure controls and procedures.

     In designing and evaluating our General Partner's  disclosure  controls and
procedures,   our  General  Partner  recognized  that  disclosure  controls  and
procedures,  no  matter  how well  conceived  and  operated,  can  provide  only
reasonable,  not  absolute,  assurance  that the  objectives  of the  disclosure
controls and procedures are met. Our General Partner's  disclosure  controls and
procedures have been designed to meet reasonable assurance standards. Disclosure
controls  and  procedures  cannot  detect or prevent  all error and fraud.  Some
inherent  limitations  in disclosure  controls and  procedures  include costs of
implementation, faulty decision-making,  simple error and mistake. Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people, or by management override of the controls.  The
design of any system of controls is based,  in part,  upon  certain  assumptions
about the  likelihood of future  events,  and there can be no assurance that any
design will succeed in  achieving  its stated  goals under all  anticipated  and
unanticipated  future  conditions.  Over time,  controls  may become  inadequate
because of changes in conditions,  or the degree of compliance with  established
policies or procedures.

     Our General Partner's Chief Executive  Officer and Principal  Financial and
Accounting  Officer have determined that no weakness in disclosure  controls and
procedures  had any  material  effect on the accuracy  and  completeness  of our
financial reporting and disclosure included in this report.

                           PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

     In the ordinary  course of conducting  our  business,  there may be certain
claims, suits and complaints filed against us. In the opinion of management, the
outcome  of such  matters,  if any,  will  not  have a  material  impact  on our
consolidated  financial  position or results of  operations.  No material  legal
proceedings are currently pending or threatened, to our knowledge, against us or
against any of our assets.

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Item 1A. Risk Factors

     There have been no material  changes  from the risk  factors  disclosed  in
"Item 1A.  Risk  Factors"  of our Annual  Report on Form 10-K for the year ended
December 31, 2005.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

     Our General  Partner  consented to us redeeming  1,650 limited  partnership
units during the 2006 Period. The redemption amounts are calculated according to
a specified  redemption  formula in accordance with the  partnership  agreement.
Redeemed  units  have no voting  rights and do not share in  distributions.  The
partnership  agreement limits the number of limited  partnership units which can
be redeemed in any one year and redeemed  limited  partnership  units may not be
reissued. The following table details our limited partnership unit redemptions:
Total Number
                                                    of Limited            Price Paid
                                                   Partner Units         Per Limited
                                                     Redeemed           Partner Units
                                                   -------------        -------------
January 1, 2006 through January 31, 2006                1,000          $      49.43

 February 1, 2006 through February 28, 2006
                                                           650          $      42.73
 March 1, 2006 through March 31, 2006                        -          $          -
 April 1, 2006 through April 30, 2006                        -          $          -
 May 1, 2006 thorugh May 31, 2006                            -          $          -
 June 1, 2006 through June 30, 2006                          -          $          -
 July 1, 2006 through July 31, 2006                          -          $          -
 August 1, 2006 through August 31, 2006                      -          $          -
 September 1, 2006 through September 30, 2006                -          $          -
Item 3.  Defaults Upon Senior Securities

         Not applicable.

Item 4.  Submission of Matters to a Vote of Security Holders

         No matters were submitted to a vote of security holders during the 2006
Quarter.

Item 5.  Other Information

         Not applicable.

Item 6 - Exhibits

     31.1 Rule 13a-14(a)/15d-14(a) certifications.

     31.2 Rule 13a-14(a)/15d-14(a) certifications.

     32.1 Certification  pursuant to 18 U.S.C.  ss.1350,  as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.

     32.2 Certification  pursuant to 18 U.S.C.  ss.1350,  as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.

                                       19
SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  Partnership  has duly  caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

ICON Income Fund Eight A L.P.  (Registrant) By its General Partner, ICON Capital
Corp.

Date: November 13, 2006

/s/ Beaufort J.B. Clarke
--------------------------------------
Beaufort J.B. Clarke
Chairman, Chief Executive Officer and Director
(Principal Executive Officer)

Date: November 13, 2006

/s/ Thomas W. Martin
--------------------------------------
Thomas W. Martin
Chief Operating Officer and Chief Financial Officer
(Principal Financial and Accounting Officer)

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