<ARTICLE> 5
<CIK>               0001004540
<NAME>              AIRPLANES U.S. TRUST
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                               6
<SECURITIES>                                         0
<RECEIVABLES>                                        6
<ALLOWANCES>                                         3
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     9
<PP&E>                                             418
<DEPRECIATION>                                     125
<TOTAL-ASSETS>                                     334
<CURRENT-LIABILITIES>                               21
<BONDS>                                            344
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                       (157)
<TOTAL-LIABILITY-AND-EQUITY>                       334
<SALES>                                              0
<TOTAL-REVENUES>                                    10
<CGS>                                                0
<TOTAL-COSTS>                                        4
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     1
<INTEREST-EXPENSE>                                  10
<INCOME-PRETAX>                                    (5)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                (5)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       (5)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0