EXHIBIT 32.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350
                       AS ADOPTED PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002


         In connection with the accompanying Quarterly Report on Form 10-QSB for
the period  ended June 30, 2004 (the  "Report")  of Airlease  Ltd., A California
Limited Partnership (the  "Partnership"),  I, David B. Gebler,  Chairman,  Chief
Executive  Officer and  President of Airlease  Management  Services,  Inc.,  the
General Partner of the Partnership, hereby certify pursuant to 18 U.S.C. Section
1350,  as adopted  pursuant  to Section 906 of the  Sarbanes-Oxley  Act of 2002,
that:

     (1) the Report fully  complies  with the  requirements  of section 13(a) or
         15(d) of the Securities Exchange Act of 1934; and

     (2) the  information  contained  in the  Report  fairly  presents,  in all
         material  respects,  the financial condition  and results of operations
         of the Partnership.

Dated: June 15, 2004                           /s/ DAVID B. GEBLER
                                               _________________________________
                                               David B. Gebler
                                               Chairman, Chief Executive Officer
                                               and President


A SIGNED  ORIGINAL OF THIS WRITTEN  STATEMENT  REQUIRED BY SECTION 906, OR OTHER
DOCUMENT AUTHENTICATING, ACKNOWLEDGING, OR OTHERWISE ADOPTING THE SIGNATURE THAT
APPEARS IN TYPED FORM WITHIN THE  ELECTRONIC  VERSION OF THIS WRITTEN  STATEMENT
REQUIRED  BY SECTION  906,  HAS BEEN  PROVIDED TO AIRLEASE  LTD.,  A  CALIFORNIA
LIMITED PARTNERSHIP, AND WILL BE RETAINED BY AIRLEASE LTD., A CALIFORNIA LIMITED
PARTNERSHIP,  AND  FURNISHED TO THE  SECURITIES  AND EXCHANGE  COMMISSION OR ITS
STAFF UPON REQUEST.