<ARTICLE> 5 <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000799033 <NAME> Airlease LTD. <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <EXCHANGE-RATE> 1.000 <CASH> 2 <SECURITIES> 0 <RECEIVABLES> 22,009 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 67,787 <CURRENT-LIABILITIES> 433 <BONDS> 10,092 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 55,347 <TOTAL-LIABILITY-AND-EQUITY> 67,787 <SALES> 7,614 <TOTAL-REVENUES> 7,614 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,636 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,270 <INCOME-PRETAX> 4,708 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,708 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,708 <EPS-BASIC> 1.01 <EPS-DILUTED> 1.01