EXHIBIT 31.1


                                  CERTIFICATION


     I, David B. Gebler, certify that:

     1. I have reviewed this quarterly report on Form 10-QSB of Airlease Ltd., A
California Limited Partnership;

     2. Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this report;

     3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material respects the
financial condition, results of operations and cash flows of the issuer as of,
and for, the periods presented in this report;

     4. The issuer's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the issuer and have:

          a) Designed such disclosure controls and procedures, or caused such
     disclosure controls and procedures to be designed under our supervision, to
     ensure that material information relating to the issuer, including its
     consolidated subsidiaries, is made known to us by others within those
     entities, particularly during the period in which this report is being
     prepared;

          b) Evaluated the effectiveness of the issuer's disclosure controls and
     procedures and presented in this report our conclusions about the
     effectiveness of the disclosure controls and procedures, as of the end of
     the period covered by this report based on such evaluation; and

          c) Disclosed in this report any change in the issuer's internal
     control over financial reporting that occurred during the issuer's most
     recent fiscal quarter (the issuer's fourth fiscal quarter in the case of an
     annual report) that has materially affected, or is reasonably likely to
     materially affect, the issuer's internal control over financial reporting;
     and

     5. The issuer's other certifying officers and I have disclosed, based on
our most recent evaluation of internal control over financial reporting, to the
issuer's auditors and the audit committee of issuer's board of directors (or
persons performing the equivalent functions):

          a) All significant deficiencies and material witnesses in the design
     or operation of internal control over financial reporting which are
     reasonably likely to adversely affect the issuer's ability to record,
     process, summarize and report financial information; and

          b) Any fraud, whether or not material, that involves management or
     other employees who have a significant role in the issuer's internal
     control over financial reporting.



Date:  August 13, 2003                     /s/ DAVID B. GEBLER
                                           _____________________________________
                                           David B. Gebler
                                           Chairman, Chief Executive Officer and
                                           President