SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 February 12, 1999 (Date of Earliest Event Reported) AIRPLANES LIMITED AIRPLANES U.S. TRUST (Exact Name of Registrants as Specified in Memorandum of Association or Trust Agreement) Jersey, Channel Islands Delaware (State or Other Jurisdiction of Incorporation or Organization) 33-99970-01 13-3521640 (Commission File (IRS Employer Number) Identification No.) Airplanes Limited Airplanes U.S. Trust 22 Grenville Street 1100 North Market Street St. Helier Rodney Square North Jersey, JE4 8PX Wilmington, Delaware Channel Islands 19890-0001 (011 44 1534 609 000) (1-302-651-1000) (Addresses and Telephone Numbers, Including Area Codes, of Registrants' Principal Executive Offices) Item 5. Other Events Attached hereto as Exhibit A is a schedule containing the Airplanes Group Portfolio at December 31, 1998, sent to each holder of a Pass Through Certificate issued by Airplanes Pass Through Trust. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized. AIRPLANES LIMITED Date: February 12, 1999 /s/ Roy M. Dantzic* ---------------------- Director and Officer Date: February 12, 1999 AIRPLANES U.S. TRUST /s/ Roy M . Dantzic* ---------------------- Controlling Trustee and Officer *By: /s/ Michael Walsh ---------------------- Attorney-in-Fact EXHIBIT INDEX Exhibit A - Airplanes Group Portfolio Analysis Exhibit B - Power of Attorney for Airplanes Limited Exhibit C - Power of Attorney for Airplanes U.S. Trust Exhibit A Aircraft Engine Serial Region Country Lessee Type Configuration Number - ------ ------- ------ ------------ ------------- ------ Africa Tunisia Nouvelair Tunisie MD83 JT8D-219 49442 Africa Tunisia Nouvelair Tunisie MD83 JT8D-219 49624 Africa Tunisia Nouvelair Tunisie MD83 JT8D-219 49672 Asia & Far East China China Southern B737-500 CFM56-3C1 24897 Asia & Far East China China Southern B737-500 CFM56-3C1 25182 Asia & Far East China China Southern B737-500 CFM56-3C1 25183 Asia & Far East China China Southern B737-500 CFM56-3C1 25188 Asia & Far East China China Southwest B757-200 RB211-535E4-37 26156 Asia & Far East China Xiamen B737-200QC JT8D-17A 23066 Asia & Far East India Jet Airways B737-400 CFM56-3C1 24345 Asia & Far East India Jet Airways B737-400 CFM56-3C1 24687 Asia & Far East India Jet Airways B737-500 CFM56-3C1 25191 Asia & Far East Indonesia PT Mandala Airlines B737-200A JT8D-17A 23023 Asia & Far East Malaysia Air Asia B737-300 CFM56-3C1 24907 Asia & Far East Pakistan Pakistan Int. Airline A300-B4-203 CF6-50C2 269 Asia & Far East Philippines Philippine Airlines B737-300 CFM56-3B1 24770 Asia & Far East South Korea Asiana Airlines B737-400 CFM56-3C1 24493 Asia & Far East South Korea Asiana Airlines B737-400 CFM56-3C1 24520 Asia & Far East Taiwan Far Eastern Air Transport MD83 JT8D-219 49950 Australia & New Zealand Australia National Jet Systems DHC8-100 PW121 229 Australia & New Zealand New Zealand Air Nelson METRO-III TPE331-11 705 Australia & New Zealand New Zealand Air Nelson METRO-III TPE331-11 711 Australia & New Zealand New Zealand Air Nelson METRO-III TPE331-11 712 Europe Austria Rheintalflug DHC8-300 PW123 307 Europe France Air France A320-200 CFM56-5A3 203 Europe France Air France A320-200 CFM56 220 Europe France Air Liberte S.A. MD83 JT8D-219 49943 Europe Germany Estago Anlagen-Vermietungs MD83 JT8D-219 49620 Europe Hungary Malev B737-200A JT8D-15 21735 Europe Hungary Malev B737-200A JT8D-17A 22803 Europe Hungary Malev B737-200A JT8D-17A 22804 Europe Hungary Malev B737-200A JT8D-15 22979 Europe Hungary Malev B737-400 CFM56-3C1 26069 Europe Hungary Malev B737-400 CFM56-3C1 26071 Europe Ireland Aer Lingus B737-400 CFM56-3C1 24689 Europe Ireland Aer Lingus B737-400 CFM56-3C1 24690 Europe Ireland Aer Lingus B737-400 CFM56-3C1 25180 Europe Ireland Transaer International A300-B4-100 CF6-50C2 12 Europe Ireland Transaer International A300-B4-100 CF6-50C2 20 Europe Ireland Transaer International A300-B4-203 CF6-50C2 131 Europe Israel Aeroel Airways DHC8-300A PW123 266 Europe Israel Aeroel Airways DHC8-300A PW123 267 Europe Italy Air One SpA B737-300 CFM56-3C1 25179 Europe Italy Air One SpA B737-300 CFM56-3C1 25187 Europe Italy Eurofly MD83 JT8D-219 49390 Europe Italy Eurofly MD83 JT8D-219 49631 Europe Italy Meridiana SpA MD83 JT8D-219 49792 Europe Netherlands Schreiner Airways DHC8-300 PW123 232 Europe Netherlands Schreiner Airways DHC8-300A PW123 276 Europe Netherlands Schreiner Airways DHC8-300A PW123 283 Europe Netherlands Schreiner Airways DHC8-300A PW123 298 Europe Netherlands Schreiner Airways DHC8-300A PW123 300 Europe Netherlands Transavia B737-300 CFM56-3C1 24905 Europe Norway Wideroe's Flyveselskap a/s DHC8-300 PW123 293 Europe Norway Wideroe's Flyveselskap a/s DHC8-300 PW123 342 Europe Spain Air Europa B737-300 CFM56-3B2 23749 Europe Spain Air Europa B737-300 CFM56-3B2 23923 Europe Spain Air Europa B737-400 CFM56-3C1 24906 Europe Spain Air Europa B737-400 CFM56-3C1 24912 Europe Spain Spanair MD83 JT8D-219 49626 Europe Spain Spanair MD83 JT8D-219 49709 Europe Spain Spanair MD83 JT8D-219 49936 Europe Spain Spanair MD83 JT8D-219 49938 Europe Sweden Britannia Airways AB B757-200 RB2110-535E4-37 26151 Europe Sweden SAS B767-300ER PW4060 25411 Europe Switzerland Edelweiss Air AG MD83 JT8D-219 49935 Europe Switzerland Edelweiss Air AG MD83 JT8D-219 49951 Europe Turkey Istanbul B737-400 CFM56-3C1 24683 Europe Turkey Istanbul B737-400 CFM56-3C1 24691 Europe Turkey MNG Airlines A300-C4-203 CF6-50C2 83 Europe Turkey Pegasus B737-400 CFM56-3C1 24684 Europe Turkey Pegasus B737-400 CFM56-3C1 26081 Europe Turkey Sun Express B737-400 CFM56-3C1 25190 Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 24917 Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25181 Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25184 Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25261 Europe Turkey Turk Hava Yollari B737-500 CFM56-3C1 25288 Europe Turkey Turk Hava Yollari B737-500 CFM56-3C1 25289 Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 26065 Europe United Kingdom Airtours International A320-200 CFM56 294 Europe United Kingdom Airtours International A320-200 CFM56 301 Europe United Kingdom Airtours International A320-200 CFM56 348 Europe United Kingdom Airtours International A320-200 CFM56-5A3 349 Europe United Kingdom British Midland B737-500 CFM56-3C1 25185 Europe United Kingdom Brymon Airways DHC8-300A PW123 296 Europe United Kingdom Brymon Airways DHC8-300 PW123 334 Europe United Kingdom Titan Airways ATR42-300 PW120 109 Europe United Kingdom Titan Airways ATR42-300 PW120 113 Latin America Antigua Liat DHC8-102 PW120-A 113 Latin America Antigua Liat DHC8-100 PW120-A 140 Latin America Antigua Liat DHC8-100 PW120-A 144 Latin America Antigua Liat DHC8-100 PW120-A 270 Latin America Argentina Aerolineas Argentinas B737-200A JT8D-17 21192 Latin America Argentina LAPA B737-200A JT8D-17 21193 Latin America Argentina LAPA B737-200A JT8D-17 21196 Latin America Argentina LAPA B737-200A JT8D-15 22278 Latin America Argentina LAPA B737-200A JT8D-15 22368 Latin America Argentina LAPA B737-200A JT8D-15 22369 Latin America Argentina LAPA B737-200A JT8D-15 22633 Latin America Argentina LAPA B737-200QC JT8D-17A 23065 Latin America Brazil Rio Sul B737-500 CFM56-3C1 25186 Latin America Brazil Rio Sul B737-500 CFM56-3C1 25192 Latin America Brazil Rio Sul B737-500 CFM56-3C1 26075 Latin America Brazil TAM F100 TAY650-15 11304 Latin America Brazil TAM F100 TAY650-15 11305 Latin America Brazil TAM F100 TAY650-15 11336 Latin America Brazil TAM F100 TAY650-15 11371 Latin America Brazil TAM (Meridionais) F100 TAY650-15 11284 Latin America Brazil TAM (Meridionais) F100 TAY650-15 11285 Latin America Brazil TAM (Meridionais) F100 TAY650-15 11347 Latin America Brazil TAM (Meridionais) F100 TAY650-15 11348 Latin America Brazil Transbrasil B767-300ER PW4060 24948 Latin America Brazil Transbrasil B767-200ER PW4056 25421 Latin America Brazil VARIG MD11 CF6-80C2-D1F 48499 Latin America Brazil VARIG MD11 CF6-80C2-D1F 48500 Latin America Brazil VARIG MD11 CF6-80C2-D1F 48501 Latin America Chile Aircraft International Leasing Limited DC8-71F CFM56-2C1 45970 Latin America Chile Aircraft International Leasing Limited DC8-71F CFM56-2C1 45976 Latin America Chile Aircraft International Leasing Limited DC8-71F CFM56-2C1 45996 Latin America Chile Aircraft International Leasing Limited DC8-71F CFM56-2C1 45997 Latin America Chile Fast Air DC8-71F CFM56-2C1 45810 Latin America Chile Lan Chile Airlines B737-200A JT8D-15 21960 Latin America Chile Lan Chile Airlines B737-200A JT8D-15 22397 Latin America Chile Lan Chile Airlines B737-200A JT8D-17A 22407 Latin America Chile Lan Chile Airlines B737-200A JT8D-15 22632 Latin America Chile Lan Chile Airlines B737-200A JT8D-17A 23024 Latin America Colombia ACES ATR42-320 PW121-5A1 284 Latin America Colombia Avianca B757-200 RB211-535E4-37 26154 Latin America Colombia Avianca MD83 JT8D-219 49939 Latin America Colombia Avianca MD83 JT8D-219 49946 Latin America Colombia Avianca MD83 JT8D-219 53120 Latin America Colombia Avianca MD83 JT8D-219 53125 Latin America Colombia Tampa DC8-71F CFM56-2C1 45849 Latin America Colombia Tampa DC8-71F CFM56-2C1 46066 Latin America Mexico Aeromexico B767-300ER PW4060 26200 Latin America Mexico Aeromexico B767-300ER PW4060 26204 Latin America Mexico Aeromexico DC9-32 JT8D-17 48125 Latin America Mexico Aeromexico DC9-32 JT8D-17 48126 Latin America Mexico Aeromexico DC9-32 JT8D-17 48127 Latin America Mexico Aeromexico DC9-32 JT8D-17 48128 Latin America Mexico Aeromexico DC9-32 JT8D-17 48129 Latin America Mexico Aeromexico DC9-32 JT8D-17 48130 Latin America Mexico Aeromexico MD82 JT8D-217 49660 Latin America Mexico Aeromexico MD82 JT8D-217A 49667 Latin America Mexico Aeromexico MD87 JT8D-219 49673 Latin America Mexico Mexicana F100 TAY650-15 11266 Latin America Mexico Mexicana F100 TAY650-15 11309 Latin America Mexico Mexicana F100 TAY650-15 11319 Latin America Mexico Mexicana F100 TAY650-15 11339 Latin America Mexico Mexicana F100 TAY650-15 11374 Latin America Mexico Mexicana F100 TAY650-15 11375 Latin America Mexico Mexicana F100 TAY650-15 11382 Latin America Mexico Mexicana F100 TAY650-15 11384 Latin America Mexico Mexicana B727-200A JT8D-17R 21346 Latin America Mexico Mexicana B727-200A JT8D-17R 21600 Latin America Netherlands Antilles ALM DHC8-300C PW123 230 Latin America Netherlands Antilles ALM DHC8-300C PW123 242 Latin America Peru Aerosanta B737-200A JT8D-17 21206 Latin America Trinidad & Tobago BWIA International MD83 JT8D-219 49789 North America Canada Canadian Airlines A320-200 CFM56-5A1 174 North America Canada Canadian Airlines A320-200 CFM56-5A1 175 North America Canada Canadian Airlines A320-200 CFM56-5A1 232 North America Canada Canadian Airlines A320-200 CFM56-5A1 284 North America Canada Canadian Airlines A320-200 CFM56-5A1 309 North America Canada Canadian Airlines A320-200 CFM56-5A1 404 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 20922 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 20958 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 20959 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 21115 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 21639 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 21712 North America Canada Canadian Airlines(1) B737-200A JT8D-9A 22873 North America United States of America Allegheny Airlines DHC8-100 PW121 258 North America United States of America America West B737-300 CFM56-3B1 23499 North America United States of America America West B737-300 CFM56-3B1 23500 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45811 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45813 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45946 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45971 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45973 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45978 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45993 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45994 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 45998 North America United States of America Burlington Air Express DC8-71F CFM56-2C1 46065 North America United States of America DHL Airways DC8-73CF CFM56-2C1 46091 North America United States of America Frontier B737-300 CFM56-3B1 23177 North America United States of America Hawaiian Airlines DC9-51 JT8D-17 47742 North America United States of America Hawaiian Airlines DC9-51 JT8D-17 47784 North America United States of America Hawaiian Airlines DC9-51 JT8D-17 47796 North America United States of America Hawaiian Airlines DC9-51 JT8D-17 48122 North America United States of America Idefix ATR42-300 PW120 249 North America United States of America Reno Air MD-83 JT8D-219 49941 North America United States of America Reno Air MD-83 JT8D-219 49949 North America United States of America Tower Air(1) B747-200BC JT9D-7Q 21730 North America United States of America TWA MD83 JT8D-219 49575 Others Cyprus Fornax Aircraft Leasing B737-200A JT8D-17 21685 Others Czech Republic Travel Servis B737-400 CFM56-3C1 24911 Others Kazakstan Air Kazakstan B737-200A JT8D-15 22090 Others Lithuania Lithuanian Airlines B737-200A JT8D-15 22453 Others Ukraine Ukraine International B737-200A JT8D-17A 22802 Off Lease Off Lease DHC8-300 PW123 244 Off Lease Off Lease - Lease Tampa(2) DC8-71F CFM56-2C1 45945 Appraised Date of Value Manufacture/ at February 5, 1999 Region Conversion (US$000's) - ------ ------------ ------------------- Africa 29-Apr-87 17,843 Africa 1-Aug-88 19,040 Africa 1-Jul-88 19,110 Asia & Far East 26-Feb-91 18,383 Asia & Far East 3-Feb-92 19,937 Asia & Far East 14-Feb-92 19,896 Asia & Far East 12-Mar-92 19,905 Asia & Far East 25-Nov-92 39,296 Asia & Far East 9-Dec-83 8,037 Asia & Far East 1-Jun-89 24,201 Asia & Far East 25-May-90 25,043 Asia & Far East 10-Apr-92 19,742 Asia & Far East 30-Mar-83 6,621 Asia & Far East 1-Mar-91 23,420 Asia & Far East 11-Aug-83 11,710 Asia & Far East 1-Oct-90 21,551 Asia & Far East 14-Jul-89 23,186 Asia & Far East 21-Dec-89 23,877 Asia & Far East 1-Nov-91 22,480 Australia & New Zealand 1-Sep-90 5,920 Australia & New Zealand 1-Aug-88 1,273 Australia & New Zealand 1-Mar-88 1,270 Australia & New Zealand 1-Jun-88 1,250 Europe 1-Dec-91 8,120 Europe 1-Sep-91 28,103 Europe 1-Sep-91 28,630 Europe 1-Jul-91 22,307 Europe 1-Jul-88 18,678 Europe 1-Jun-79 6,037 Europe 14-Feb-83 6,399 Europe 1-Feb-83 6,374 Europe 1-Mar-83 7,232 Europe 2-Nov-92 26,895 Europe 13-Nov-92 26,882 Europe 3-Jul-90 24,517 Europe 1-Jul-90 24,642 Europe 21-Jan-92 25,930 Europe 20-May-75 5,193 Europe 1-Oct-75 5,393 Europe 7-Feb-81 10,630 Europe 20-Mar-91 8,108 Europe 4-Apr-91 8,087 Europe 12-Feb-92 24,596 Europe 14-Mar-92 24,279 Europe 1-Apr-86 17,664 Europe 14-Jun-89 19,467 Europe 1-Nov-89 20,338 Europe 20-Oct-90 7,385 Europe 13-May-91 8,084 Europe 1-Sep-91 8,058 Europe 1-Apr-92 8,411 Europe 1-Apr-92 8,401 Europe 1-Feb-91 23,380 Europe 1-Oct-91 8,242 Europe 1-Dec-92 8,921 Europe 1-May-87 18,801 Europe 1-Apr-88 20,057 Europe 24-Feb-91 24,561 Europe 14-Jun-91 25,007 Europe 22-Oct-88 19,278 Europe 1-Dec-88 19,219 Europe 6-Oct-90 22,724 Europe 1-Dec-90 21,457 Europe 23-Jul-92 40,413 Europe 15-Jan-92 63,059 Europe 26-Sep-90 21,829 Europe 25-Aug-91 21,679 Europe 7-Aug-90 24,418 Europe 9-Aug-90 24,525 Europe 1-May-79 15,520 Europe 1-Apr-90 24,519 Europe 10-Mar-93 27,790 Europe 7-Apr-92 26,404 Europe 24-Jun-91 24,999 Europe 3-Feb-92 26,322 Europe 2-Mar-92 25,847 Europe 9-Apr-92 25,988 Europe 16-Jun-92 19,363 Europe 12-Jun-92 19,373 Europe 1-May-92 26,064 Europe 2-Apr-92 29,630 Europe 22-Apr-92 29,401 Europe 17-Jun-92 29,052 Europe 30-Oct-92 29,680 Europe 18-Feb-92 19,741 Europe 1-Oct-91 8,239 Europe 8-Oct-92 8,881 Europe 14-Oct-88 5,488 Europe 18-Nov-88 5,524 Latin America 1-Sep-88 4,397 Latin America 1-Mar-89 4,515 Latin America 1-Mar-89 5,052 Latin America 1-May-91 5,536 Latin America 1-Mar-76 4,346 Latin America 1-Jul-76 4,522 Latin America 1-Jul-76 4,512 Latin America 19-Mar-80 5,463 Latin America 1-Sep-80 5,658 Latin America 1-Sep-80 5,838 Latin America 1-Mar-81 6,868 Latin America 15-Oct-96 7,447 Latin America 11-Mar-92 19,664 Latin America 14-Apr-92 19,671 Latin America 23-Oct-92 19,960 Latin America 27-Feb-91 14,045 Latin America 19-Apr-91 14,290 Latin America 5-Jun-91 14,534 Latin America 19-Dec-91 15,023 Latin America 31-Jul-90 13,265 Latin America 1-Aug-90 13,242 Latin America 1-Oct-91 15,124 Latin America 6-Aug-91 14,325 Latin America 19-Jul-91 60,297 Latin America 14-Jan-92 49,330 Latin America 31-Dec-91 71,527 Latin America 1-Mar-92 73,717 Latin America 1-Sep-92 74,714 Latin America 15-Oct-92 15,411 Latin America 10-Aug-91 15,553 Latin America 29-Oct-92 15,500 Latin America 7-Dec-93 15,537 Latin America 9-Apr-92 15,067 Latin America 1-Mar-80 6,007 Latin America 1-Feb-81 6,233 Latin America 1-Sep-80 5,978 Latin America 1-Feb-82 6,950 Latin America 1-May-83 6,652 Latin America 1-Jan-92 6,480 Latin America 22-Sep-92 38,717 Latin America 26-Oct-90 21,158 Latin America 18-Jul-91 21,968 Latin America 29-Jul-92 23,108 Latin America 2-Apr-92 23,247 Latin America 9-Mar-91 15,473 Latin America 24-Apr-91 15,357 Latin America 1-Sep-92 64,025 Latin America 1-Oct-92 64,252 Latin America 1-Apr-80 4,767 Latin America 1-Apr-80 4,816 Latin America 1-Jul-80 5,193 Latin America 1-Aug-80 4,933 Latin America 1-Nov-80 5,243 Latin America 1-Dec-80 5,278 Latin America 1-Mar-88 18,180 Latin America 21-Jan-88 16,742 Latin America 1-Dec-88 13,435 Latin America 17-Aug-90 13,453 Latin America 16-May-91 14,328 Latin America 5-Apr-91 14,473 Latin America 1-Jul-91 14,230 Latin America 20-Jan-92 15,243 Latin America 1-Dec-92 15,433 Latin America 1-Jan-93 15,447 Latin America 1-Jan-93 15,387 Latin America 1-Oct-80 3,308 Latin America 1-Nov-80 4,855 Latin America 1-Feb-91 8,067 Latin America 1-Nov-90 8,102 Latin America 26-Feb-76 4,040 Latin America 23-Sep-89 20,370 North America 1-Apr-91 27,541 North America 1-Apr-91 27,494 North America 1-Oct-91 27,907 North America 9-Mar-92 29,143 North America 13-May-92 28,981 North America 1-Jan-94 31,569 North America 1-Aug-74 1,552 North America 1-Jan-75 1,773 North America 1-Nov-74 1,773 North America 1-Dec-75 2,273 North America 1-Nov-78 3,208 North America 1-Feb-79 3,587 North America 1-Jul-82 6,945 North America 1-Jan-91 5,928 North America 1-Jun-86 19,447 North America 1-Jun-86 19,347 North America 30-May-91 14,967 North America 28-Apr-92 15,587 North America 23-Apr-92 15,043 North America 13-Feb-92 14,897 North America 27-Feb-92 14,833 North America 23-Apr-93 15,487 North America 23-Jun-93 15,327 North America 1-Sep-94 15,017 North America 21-May-93 14,685 North America 12-Jan-92 15,553 North America 1-Dec-89 19,656 North America 1-Apr-86 17,398 North America 1-Jun-77 4,153 North America 1-May-79 4,293 North America 1-Apr-79 4,635 North America 26-Jan-81 5,194 North America 1-Jun-91 6,736 North America 1-Dec-90 21,510 North America 5-Aug-91 22,422 North America 7-Jun-79 36,806 North America 1-Oct-87 19,064 Others 1-Jan-79 5,580 Others 1-Apr-91 25,675 Others 1-May-80 6,594 Others 1-Mar-81 5,819 Others 1-Feb-83 6,142 Off Lease 1-Dec-90 7,492 Off Lease 19-May-92 14,259 ---------- 3,511,396 ---------- Note: (1) Aircraft Lease Receivable Book Values are used for the Aircraft subject to Finance Leases (8 in total) rather than the Appraised Values of these Aircraft. (2) This aircraft is subject to a lease contract (and delivered to the relevant lessee subsequent to December 31, 1998). Exhibit B Attached hereto is a true and correct copy of a Power of Attorney given by each of the persons signatory thereto. /s/ John Banes -------------- John Banes POWER OF ATTORNEY Each of the undersigned, being a Director and officer of Airplanes Limited, hereby individually appoints Patrick Blaney, John Tierney, Brian McLoghlin, Declan Treacy, Richard Pierce, John Redmond, Michael Walsh and Rose Hynes and each of them, acting as an officer of GPA Financial Services (Ireland) Limited, as Administrative Agent of Airplanes Limited, his true and lawful attorney-in-fact and agent (each an "Attorney-in-Fact"), with full power of substitution and resubstitution, for him and in his name, place and stead, in his capacity as a Director and an officer of Airplanes Limited, to sign each Report on Form 8-K which will be filed at least monthly, provided that where any such Report on Form 8-K is required to contain any information in addition to or other than a copy of the relevant monthly report to certificate holders, the contents of such Report on Form 8-K shall be notified to any one Director of Airplanes Limited prior to the filing thereof, each such Report on Form 8-K containing a monthly report to certificate holders to be filed monthly on or about the 15th day of each month and each other Report on Form 8-K to be filed within the time prescribed by the SEC upon the occurrence of certain events listed in the SEC rules and regulations with the Securities and Exchange Commission (the "SEC") and any amendments thereto, and to file the same with any exhibits thereto and any other documents in connection therewith with the SEC, granting unto said Attorney-in-Fact full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said Attorney-in-Fact, or his substitute, may lawfully do or cause to be done by virtue hereof. IN WITNESS WHEREOF, each of the undersigned has caused this Power of Attorney to be duly executed and delivered on the date indicated below. Dated: 24 June 1996 /s/ Roy M. Dantzic --------------------- Roy M. Dantzic Witness: /s/ A.Syvret Dated: 24 June 1996 /s/ William A. Franke --------------------- William A. Franke Witness: /s/ A.Syvret Dated: 24 June 1996 /s/ Hugh R. Jenkins --------------------- Hugh R. Jenkins Witness: /s/ A.Syvret Dated: 24 June 1996 /s/ William M. McCann --------------------- William M. McCann Witness: /s/ A.Syvret Dated: 24 June 1996 /s/ Edward J. Hansom --------------------- Edward J. Hansom Witness: /s/ A.Syvret --------------------- Exhibit C Attached hereto is a true and correct copy of a Power of Attorney given by each of the persons signatory thereto. /s/ John Banes --------------- John Banes POWER OF ATTORNEY Each of the undersigned, being a Controlling Trustee and officer of Airplanes U.S. Trust, hereby individually appoints Patrick Blaney, John Tierney, Brian McLoghlin, Declan Treacy, Richard Pierce, John Redmond, Michael Walsh and Rose Hynes and each of them, acting as an officer of GPA Financial Services (Ireland) Limited, as Administrative Agent of Airplanes U.S. Trust, his true and lawful attorney-in-fact and agent (each an "Attorney-in-Fact"), with full power of substitution and resubstitution, for him and in his name, place and stead, in his capacity as a Controlling Trustee and an officer of Airplanes U.S. Trust to sign each Report on Form 8-K which will be filed at least monthly, provided that where any such Report on Form 8-K is required to contain any information in addition to or other than a copy of the relevant monthly report to certificate holders, the contents of such Report on Form 8-K shall be notified to any one Controlling Trustee of Airplanes U.S. Trust prior to the filing thereof, each such Report on Form 8-K containing a monthly report to certificate holders to be filed monthly on or about the 15th day of each month and each other Report on Form 8-K to be filed within the time prescribed by the SEC upon the occurrence of certain events listed in the SEC rules and regulations with the Securities and Exchange Commission (the "SEC") and any amendments thereto, and to file the same with any exhibits thereto and any other documents in connection therewith with the SEC, granting unto said Attorney-in-Fact full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said Attorney-in-Fact, or his substitute, may lawfully do or cause to be done by virtue hereof. Dated: 24 June 1996 /s/ Roy M. Dantzic ---------------------- Roy M. Dantzic Controlling Trustee /s/ William A. Franke ---------------------- William A. Franke Controlling Trustee /s/ Hugh R. Jenkins ---------------------- Hugh R. Jenkins Controlling Trustee /s/ William M. McCann ---------------------- William M. McCann Controlling Trustee /s/ Edward J. Hansom ---------------------- Edward J. Hansom Controlling Trustee