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                                                                    EXHIBIT 23.2


                      AIRCRAFT INFORMATION SERVICES, INC.

                              CONSENT OF APPRAISER

   
We consent to the use of our reports included herein and the references to our
firm in the Morgan Stanley Aircraft Finance Post-Effective Amendment No. 2 to
Registration Statement on Form S-4 (file no. 333-56575) to be filed with the
Securities and Exchange Commission.

Dated: March 23, 1999
    

                                        AIRCRAFT INFORMATION SERVICES, INC.

   


                                        BY: /s/ John D. McNicol
                                            -----------------------------------
                                            Name:  John D. McNicol
                                            Title: VP -- Appraisals & Forecasts