Exhibit A
AIRPLANES GROUP
Report to Certificateholders - All numbers in US$ unless otherwise stated
Payment Date: 15 July, 1998.
Calculation Date: 09 July, 1998.
(i) ACCOUNT ACTIVITY SUMMARY (Between Calculation Dates)
Prior Balance Deposits Withdrawals Balance on
Calculation Date
------------------------------------------------------- ------------------ ------------------ -----------------
9-Jun-98 9-Jul-98
Lessee Funded Account 0.00 0.00 (0.00) 0.00
Expense Account (note ii) 3,209,193.83 14,720,912.28 (15,103,821.36) 2,826,284.75
Collection Account (note iii) 232,574,888.25 50,859,720.16 (59,088,423.25) 224,346,185.16
-------------- ------------------ ------------------ ----------------
- Miscellaneous Reserve 40,000,000.00 40,000,000.00
- Maintenance Reserve 80,000,000.00 80,000,000.00
- Security Deposit 54,422,465.00 53,486,465.00
- Other Collections 58,152,423.25 50,859,720.16
-------------- ------------------ ------------------ ----------------
Total 235,784,082.08 65,580,632.44 (74,192,244.61) 227,172,469.91
(ii) ANALYSIS OF EXPENSE ACCOUNT ACTIVITY
Balance on preceding Calculation Date (Jun 09,1998) 3,209,193.83
Transfer from Collection Account (previous Payment 14,694,280.63
Date)
Interest Earned during period 26,631.65
Payments during period between prior Calculation Date
and the relevant Calculation Date:
- Payments on previous Payment Date (2,455,684.72)
- Other payments (12,648,136.64)
--------------
Balance on relevant Calculation Date (July 09, 1998) 2,826,284.75
(iii)ANALYSIS OF COLLECTION ACCOUNT ACTIVITY
Balance on preceding Calculation Date (Jun 09, 1998) 232,574,888.25
Collections during period 50,655,808.82
Swap receipts (previous Payment Date) 203,911.34
Transfer to Expense Account (previous Payment Date) (14,694,280.63)
Net transfer to Lessee Funded Accounts
Aggregate Certificate Payments (previous Payment (44,088,423.25)
Date)
Swap payments (previous Payment Date) (305,719.37)
---------------
Balance on relevant Calculation Date (July 09, 1998) 224,346,185.16
AIRPLANES GROUP
Report to Certificateholders - All numbers in US$ unless otherwise stated
(iii)ANALYSIS OF COLLECTION ACCOUNT ACTIVITY (Cont'd)
ANALYSIS OF CURRENT PAYMENT DATE DISTRIBUTIONS
NOTE:
Collections includes Proceeds from sale of one
B737-200A.
Priority of Payments
(i)Required Expense Amount 15,000,000.00
(ii)a) Class A Interest 11,372,826.03
b) Swap Payments 368,424.62
(iii)First Collection Account Top-up 120,000,000.00
(iv)Minimum Hedge Payment 380,500.00
(v)Class A Minimum Principal 0.00
(vi)Class B Interest 1,728,676.49
(vii)Class B Minimum Principal 1,560,524.68
(viii)Class C Interest 2,534,650.00
(ix)Class D Interest 3,625,000.00
(x)Second Collection Account Top-up 52,747,447.00
(xi)Class A Principal Adjustment Amount 0.00
(xii)Class C Scheduled Principal 900,000.00
(xiii)Class D Scheduled Principal 0.00
(xiv)Modification Payments 0.00
(xv)Soft Bullet Note Step-up Interest 0.00
(xvi)Class E Minimum Interest 492,684.17
(xvii)Supplemental Hedge Payment 380,500.00
(xviii)Class B Supplemental Principal 0.00
(xix)Class A Supplemental Principal 16,081,236.92
(xx)Class D Outstanding Principal 0.00
(xxi)Class C Outstanding Principal 0.00
(xxii)Class E Supplemental Interest 0.00
(xxiii)Class B Outstanding Principal 0.00
(xxiv)Class A Outstanding Principal 0.00
(xxv)Class E Accrued Unpaid Interest 0.00
(xxvi)Class E Outstanding Principal 0.00
(xxvii)Charitable Trust 0.00
---------------
Total Payments with respect to Payment Date 227,172,469.91
Less Collection Account Top-Ups ((iii) and (x)above) (172,747,447.00)
---------------
54,425,022.91
===============
AIRPLANES GROUP
Report to Certificateholders - All numbers in US$ unless otherwise stated
(iv) PAYMENT ON THE CERTIFICATES
(a) FLOATING RATE CERTIFICATES
A-4 A-6 A-7 A-8 Class B
Applicable LIBOR 5.65625% 5.65625% 5.65625% 5.65625% 5.65625%
Applicable Margin 0.62000% 0.34000% 0.26000% 0.37500% 0.75000%
Applicable Interest Rate 6.27625% 5.99625% 5.91625% 6.03125% 6.40625%
Interest Amount Payable 1,046,041.67 4,096,940.61 2,711,614.58 3,518,229.17 1,728,676.49
Step Up Interest Amount 0.00 0.00 0.00 0.00 0.00
Opening Principal Balance 200,000,000.00 819,900,560.73 550,000,000.00 700,000,000.00 323,810,620.49
Minimum Principal Payment Amount 0.00 0.00 0.00 0.00 1,560,524.68
Adjusted Principal Payment Amount 0.00 0.00 0.00 0.00 0.00
Supplemental Principal Payment Amount 0.00 16,081,236.92 0.00 0.00 0.00
Total Principal Distribution Amount 0.00 16,081,236.92 0.00 0.00 1,560,524.68
Redemption Amount
- amount allocable to principal 0.00 0.00 0.00 0.00 0.00
- premium allocable to premium 0.00 0.00 0.00 0.00 0.00
-------------- -------------- -------------- -------------- --------------
Outstanding Principal Balance (July 15,1998) 200,000,000.00 803,819,323.81 550,000,000.00 700,000,000.00 322,250,095.81
(b) FIXED RATE CERTIFICATES
Class C Class D
Applicable Interest Rate 8.1500% 10.8750%
Interest Amount Payable 2,534,650.00 3,625,000.00
Opening Principal Balance 373,200,000.00 400,000,000.00
Scheduled Principal Payment Amount 900,000.00 0.00
Redemption Amount
- amount allocable to principal 0.00 0.00
- amount allocable to premium 0.00 0.00
Actual Pool Factor 0.9928000 1.0000000
-------------- --------------
Outstanding Principal Balance (July 15, 1998) 372,300,000.00 400,000,000.00
Table of rescheduled Pool Factors n/a n/a
in the event of a partial redemption
AIRPLANES GROUP
Report to Certificateholders - All numbers in US$ unless otherwise stated
(v) FLOATING RATE CERTIFICATE INFORMATION FOR NEXT INTEREST ACCRUAL PERIOD
(Aggregate Amounts)
A-4 A-6 A-7 A-8 Class B
Applicable LIBOR 5.65625% 5.65625% 5.65625% 5.65625% 5.65625%
Applicable Margin 0.62000% 0.34000% 0.26000% 0.37500% 0.75000%
Applicable Interest Rate 6.27625% 5.99625% 5.91625% 6.03125% 6.40625%
(vi) CURRENT PERIOD PAYMENTS (Per $100,000 Initial Outstanding Principal Balance
of Certificates)
(a) FLOATING RATE CERTIFICATES
A-4 A-6 A-7 A-8 Class B
Opening Principal Amount 2,000.00 8,199.01 5,500.00 7,000.00 3,238.11
Total Principal Payments 0.00 160.81 0.00 0.00 15.61
-------- -------- -------- -------- --------
Closing Outstanding
Principal Balance 2,000.00 8,038.19 5,500.00 7,000.00 3,222.50
Total Interest 10.46 40.97 27.12 35.18 17.29
Total Premium 0.00 0.00 0.00 0.00 0.00
(b) FIXED RATE
CERTIFICATES
Class C Class D
Opening Principal Amount 3,732.00 4,000.00
Total Principal Payments 9.00 0.00
-------- --------
Outstanding Principal 3,723.00 4,000.00
Balance
Total Interest 25.35 36.25
Total Premium 0.00 0.00