<ARTICLE> 5 <CIK> 0000799033 <NAME> AIRLEASE LTD <MULTIPLIER> 1,000 <CURRENCY> U.S. Dollars <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <EXCHANGE-RATE> 1.000 <CASH> 3 <SECURITIES> 0 <RECEIVABLES> 20,221 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 65,971 <CURRENT-LIABILITIES> 584 <BONDS> 8,943 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 54,342 <TOTAL-LIABILITY-AND-EQUITY> 65,971 <SALES> 1,771 <TOTAL-REVENUES> 1,771 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 411 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 261 <INCOME-PRETAX> 1,097 <INCOME-TAX> 0 <INCOME-CONTINUING> 1,097 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,097 <EPS-BASIC> 0.23 <EPS-DILUTED> 0.23