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                                                                    EXHIBIT 23.1
 
                              ACCOUNTANTS' CONSENT
 
Board of Directors
International Aircraft Investors:
 
     We consent to incorporation by reference in the registration statements
(No. 333-46411 and 333-46413) on Form S-8 of International Aircraft Investors
and subsidiaries of our report dated January 19, 1999 relating to the
consolidated balance sheets of International Aircraft Investors and subsidiaries
as of December 31, 1998 and 1997 and the related consolidated statements of
earnings, stockholders' equity, and cash flows for each of the years in the
three-year period ended December 31, 1998, which report appears in the 1998
report on Form 10-K of International Aircraft Investors and subsidiaries.
 
                                          KPMG LLP
 
Los Angeles, California
March 26, 1999
 
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