<ARTICLE> 5
<CIK>                    0001004539
<NAME>                   AIRPLANES LIMITED
<MULTIPLIER>             1,000,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                               6
<SECURITIES>                                         0
<RECEIVABLES>                                        2
<ALLOWANCES>                                         1
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     7
<PP&E>                                             562
<DEPRECIATION>                                     135
<TOTAL-ASSETS>                                     435
<CURRENT-LIABILITIES>                               11
<BONDS>                                            409
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       (128)
<TOTAL-LIABILITY-AND-EQUITY>                       435
<SALES>                                              0
<TOTAL-REVENUES>                                    20
<CGS>                                                0
<TOTAL-COSTS>                                       16
<OTHER-EXPENSES>                                     1
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   9
<INCOME-PRETAX>                                    (6)
<INCOME-TAX>                                       (1)
<INCOME-CONTINUING>                                (6)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       (5)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0