<ARTICLE>                     5

<CIK>                         0000930832
<NAME>                        JetFleet III
<MULTIPLIER>                  1
<CURRENCY>                    U.S. DOLLARS

                                            
<PERIOD-TYPE>                                  9-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   SEP-30-1999
<EXCHANGE-RATE>                                1
<CASH>                                         1,332,210
<SECURITIES>                                           0
<RECEIVABLES>                                    131,360
<ALLOWANCES>                                           0
<INVENTORY>                                            0
<CURRENT-ASSETS>                               1,463,570
<PP&E>                                        13,196,240
<DEPRECIATION>                                 1,618,510
<TOTAL-ASSETS>                                13,978,160
<CURRENT-LIABILITIES>                          1,059,230
<BONDS>                                       11,076,350
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                    1,661,450
<COMMON>                                         815,200
<OTHER-SE>                                      (634,070)
<TOTAL-LIABILITY-AND-EQUITY>                  13,978,160
<SALES>                                                0
<TOTAL-REVENUES>                               1,599,790
<CGS>                                                  0
<TOTAL-COSTS>                                          0
<OTHER-EXPENSES>                                 798,690
<LOSS-PROVISION>                                       0
<INTEREST-EXPENSE>                               684,520
<INCOME-PRETAX>                                  116,580
<INCOME-TAX>                                       2,880
<INCOME-CONTINUING>                              113,700
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                     113,700
<EPS-BASIC>                                       0.14
<EPS-DILUTED>                                       0.14