SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND
EXCHANGE ACT OF 1934
March 13, 2000
(Date of Earliest Event Reported)
AIRPLANES LIMITED AIRPLANES U.S. TRUST
(Exact Name of Registrants as Specified in Memorandum of Association or Trust
Agreement)
Jersey, Channel Islands Delaware
(State or Other Jurisdiction of Incorporation or Organization)
33-99970-01 13-3521640
(Commission File (IRS Employer
Number) Identification No.)
Airplanes Limited Airplanes U.S. Trust
22 Grenville Street 1100 North Market Street
St. Helier Rodney Square North
Jersey, JE4 8PX Wilmington, Delaware
Channel Islands 19890-0001
(011 44 1534 609 000) (1-302-651-1000)
(Addresses and Telephone Numbers, Including Area Codes, of
Registrants' Principal Executive Offices)
<PAGE>
Item 5. Other Events
Attached hereto as Exhibit A is a copy of a Report to
Certificateholders dated March 13, 2000, sent to each holder of a Pass Through
Certificate issued by Airplanes Pass Through Trust.
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, each of the registrants has duly caused this report to be signed on its
behalf by the undersigned hereto duly authorized.
AIRPLANES LIMITED
Date: March 13, 2000 /s/ Roy M. Dantzic*
-------------------
Director and Officer
Date: March 13, 2000 AIRPLANES U.S. TRUST
/s/ Roy M . Dantzic*
--------------------
Controlling Trustee
and Officer
*By: /s/ Michael Walsh
----------------------
Attorney-in-Fact
3
<PAGE>
EXHIBIT INDEX
Exhibit A - Report to Certificateholders
Exhibit B - Power of Attorney for Airplanes Limited
Exhibit C - Power of Attorney for Airplanes U.S. Trust
4
Exhibit A
AIRPLANES Group
Report to Certifcateholders
All numbers in US$ unless otherwise stated
Payment Date: 15 March 2000.
Calculation Date: 09 March 2000.
(i) ACCOUNT ACTIVITY SUMMARY (Between Calculation Dates)
<TABLE>
-----------------------------------------------------------------------------------------------------------------------
Prior Balance Deposits Withdrawals Balance on Calculation Date
-----------------------------------------------------------------------------------------------------------------------
09-Feb-00 09-Mar-00
<S> <C> <C> <C> <C>
Lessee Funded Account 0.00 0.00 (0.00) 0.00
Expense Account (note ii) 1,345,620.39 10,672,981.96 (6,259,070.93) 5,759,531.42
Collection Account (note iii) 211,281,371.53 40,114,592.59 (47,010,961.53) 204,385,002.59
----------------------------------------------------------------------------------------- ---------------
- Miscellaneous Reserve 40,000,000.00 40,000,000.00
- Maintenance Reserve 80,000,000.00 80,000,000.00
- Security Deposit 44,164,988.00 44,270,410.00
- Other Collections (net of
interim withdrawals) 47,116,383.53 40,114,592.59
----------------------------------------------------------------------------------------- ---------------
------------------------------------------------------- ---------------
Total 212,626,991.92 50,787,574.55 (53,270,032.46) 210,144,534.01
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
(ii) ANALYSIS OF EXPENSE ACCOUNT ACTIVITY
<TABLE>
----------------------------------------------------------------------------------------------------
<S> <C>
Balance on preceding Calculation Date (Feb 09,2000) 1,345,620.39
Transfer from Collection Account (previous Payment Date) 10,654,379.61
Transfer from Collection Account (interim deposit) 0.00
Interest Earned during period 18,602.35
Payments during period between prior Calculation Date
and the relevant Calculation Date:
- Payments on previous Payment Date (2,950,897.12)
- Other payments (3,308,173.81)
-----------------
Balance on relevant Calculation Date (Mar 09, 2000) 5,759,531.42
----------------------------------------------------------------------------------------------------
</TABLE>
(iii)ANALYSIS OF COLLECTION ACCOUNT ACTIVITY
<TABLE>
----------------------------------------------------------------------------------------------------
<S> <C>
Balance on preceding Calculation Date (Feb 09,2000) 211,281,371.53
Collections during period 40,113,673.85
Swap receipts (previous Payment Date) 918.74
Transfer to Expense Account (previous Payment Date) (10,654,379.61)
Transfer to Expense Account (interim withdrawal) 0.00
Net transfer to Lessee Funded Accounts 0.00
Aggregate Certificate Payments (previous Payment Date) (35,796,738.48)
Swap payments (previous Payment Date) (559,843.44)
-----------------
Balance on relevant Calculation Date (Mar 09, 2000) 204,385,002.59
----------------------------------------------------------------------------------------------------
</TABLE>
(iii)ANALYSIS OF COLLECTION ACCOUNT ACTIVITY (Cont'd)
=============================================================================
ANALYSIS OF CURRENT PAYMENT DATE DISTRIBUTIONS
Priority of Payments
(i)Required Expense Amount 18,000,000.00
(ii)a) Class A Interest 10,157,993.80
b) Swap Payments 444,012.59
(iii)First Collection Account Top-up 120,000,000.00
(iv)Minimum Hedge Payment 0.00
(v)Class A Minimum Principal 0.00
(vi)Class B Interest 1,588,297.53
(vii)Class B Minimum Principal 1,286,816.20
(viii)Class C Interest 2,392,279.69
(ix)Class D Interest 3,589,475.00
(x)Second Collection Account Top-up 43,884,068.00
(xi)Class A Principal Adjustment Amount 1,723,820.58
(xii)Class C Scheduled Principal 1,200,000.00
(xiii)Class D Scheduled Principal 480,000.00
(xiv)Modification Payments 0.00
(xv)Soft Bullet Note Step-up Interest 0.00
(xvi)Class E Minimum Interest 492,684.17
(xvii)Supplemental Hedge Payment 0.00
(xviii)Class B Supplemental Principal 4,905,086.45
(xix)Class A Supplemental Principal 0.00
(xx)Class D Outstanding Principal 0.00
(xxi)Class C Outstanding Principal 0.00
(xxii)Class E Supplemental Interest 0.00
(xxiii)Class B Outstanding Principal 0.00
(xxiv)Class A Outstanding Principal 0.00
(xxv)Class E Accrued Unpaid Interest 0.00
(xxvi)Class E Outstanding Principal 0.00
(xxvii)Charitable Trust 0.00
-------------------
Total Payments with respect to Payment Date 210,144,534.01
Less Collection Account Top-Ups ((iii) and (x)above) (163,884,068.00)
-------------------
46,260,466.01
===================
================================================================================
(iv) PAYMENT ON THE CERTIFICATES
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------------------
(a) FLOATING RATE CERTIFICATES A-4 A-6 A-7 A-8 Class B
<S> <C> <C> <C> <C> <C>
Applicable LIBOR 5.88500% 5.88500% 5.88500% 5.88500% 5.88500%
Applicable Margin 0.62000% 0.34000% 0.26000% 0.37500% 0.75000%
Applicable Interest Rate 6.50500% 6.22500% 6.14500% 6.26000% 6.63500%
Interest Amount Payable 1,048,027.78 2,857,445.19 2,722,576.39 3,529,944.44 1,588,297.53
Step Up Interest Amount 0.00 0.00 0.00 0.00 0.00
Opening Principal Balance 200,000,000.00 569,827,043.40 550,000,000.00 700,000,000.00 297,163,480.01
Minimum Principal Payment Amount 0.00 0.00 0.00 0.00 1,286,816.20
Adjusted Principal Payment Amount 0.00 1,723,820.58 0.00 0.00 0.00
Supplemental Principal Payment Amount 0.00 0.00 0.00 0.00 4,905,086.45
Total Principal Distribution Amount 0.00 1,723,820.58 0.00 0.00 6,191,902.65
Redemption Amount
- amount allocable to principal 0.00 0.00 0.00 0.00 0.00
- premium allocable to premium 0.00 0.00 0.00 0.00 0.00
---------------------------------------------------------------------------------------
Outstanding Principal
Balance (Mar 15, 2000) 200,000,000.00 568,103,222.82 550,000,000.00 700,000,000.00 290,971,577.36
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
(b) FIXED RATE CERTIFICATES Class C Class D
Applicable Interest Rate 8.1500% 10.8750%
Interest Amount Payable 2,392,279.69 3,589,475.00
Opening Principal Balance 352,237,500.00 396,080,000.00
Scheduled Principal Payment Amount 1,200,000.00 480,000.00
Redemption Amount
- amount allocable to principal 0.00 0.00
- amount allocable to premium 0.00 0.00
Actual Pool Factor 0.9361000 0.9890000
---------------------------------
Outstanding Principal Balance
(Mar 15, 2000) 351,037,500.00 395,600,000.00
- --------------------------------------------------------------------------------
Table of rescheduled Pool Factors n/a n/a
in the event of a partial redemption
(v) FLOATING RATE CERTIFICATE INFORMATION FOR NEXT INTEREST ACCRUAL PERIOD
(Aggregate Amounts)
<TABLE>
- -------------------------------------------------------------------------------------------------------------------
A-4 A-6 A-7 A-8 Class B
<S> <C> <C> <C> <C> <C>
Applicable LIBOR 6.00375% 6.00375% 6.00375% 6.00375% 6.00375%
Applicable Margin 0.62000% 0.34000% 0.26000% 0.37500% 0.75000%
Applicable Interest Rate 6.62375% 6.34375% 6.26375% 6.37875% 6.75375%
- -------------------------------------------------------------------------------------------------------------------
</TABLE>
(vi) CURRENT PERIOD PAYMENTS Per $100,000 Initial Outstanding
Principal Balance of Certificates)
<TABLE>
- ------------------------------------------------------------------------------------------------------------------
(a) FLOATING RATE CERTIFICATES
A-4 A-6 A-7 A-8 Class B
<S> <C> <C> <C> <C> <C>
Opening Principal Amount 2,000.00 5,698.27 5,500.00 7,000.00 2,971.63
Total Principal Payments 0.00 17.24 0.00 0.00 61.92
--------------------------------------------------------------------------------
Closing Outstanding
Principal Balance 2,000.00 5,681.03 5,500.00 7,000.00 2,909.72
Total Interest 10.48 28.57 27.23 35.30 15.88
Total Premium 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
</TABLE>
- ----------------------------------------------------------------------------
(b) FIXED RATE CERTIFICATES
Class C Class D
Opening Principal Amount 3,522.38 3,960.80
Total Principal Payments 12.00 4.80
-----------------------------------------
Outstanding Principal Balance 3,510.38 3,956.00
Total Interest 23.92 35.89
Total Premium 0.00 0.00
- ----------------------------------------------------------------------------
<PAGE>
Particulars of the Portfolio as of February 18, 2000 are contained in the
table below AIRPLANES GROUP PORTFOLIO ANALYSIS
<TABLE>
Appraised
Date of Value
Aircraft Engine Serial Manufacture/ at February 18, 2000
Region Country Lessee Type Configuration Number Conversion (US$000's)
- ------ ------- ------ ----------- ------------- ------ ----------- --------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Africa Tunisia Nouvelair Tunisie MD83 JT8D-219 49624 01-Aug-88 18,923
Africa Tunisia Nouvelair Tunisie MD83 JT8D-219 49672 01-Jul-88 18,507
Africa Tunisia Tuninter B737-300 CFM56-3C1 24905 01-Feb-91 22,473
Asia &
Far East Pakistan Pakistan Int Airline A300-B4-203 CF6-50C2 269 11-Aug-83 10,417
Asia &
Far East Indonesia PT Mandala Airlines B737-200A JT8D-17A 23023 30-Mar-83 6,047
Asia &
Far East China Xiamen B737-200QC JT8D-17A 23066 09-Dec-83 7,497
Asia &
Far East Philippines Philippine Airlines B737-300 CFM56-3B1 24770 01-Oct-90 20,480
Asia &
Far East Malaysia Air Asia Sdn. Bhd. B737-300 CFM56-3C1 24907 01-Mar-91 22,330
Asia &
Far East India Jet Airways (India) Pvt B737-400 CFM56-3C1 24345 01-Jun-89 22,333
Asia &
Far East South Korea Asiana Airlines B737-400 CFM56-3C1 24493 14-Jul-89 21,397
Asia &
Far East South Korea Asiana Airlines B737-400 CFM56-3C1 24520 21-Dec-89 23,060
Asia &
Far East India Jet Airways B737-400 CFM56-3C1 24687 25-May-90 23,587
Asia &
Far East China China Southern B737-500 CFM56-3C1 24897 26-Feb-91 18,467
Asia &
Far East China China Southern B737-500 CFM56-3C1 25182 03-Feb-92 19,990
Asia &
Far East China China Southern B737-500 CFM56-3C1 25183 14-Feb-92 19,760
Asia &
Far East China China Southern B737-500 CFM56-3C1 25188 12-Mar-92 19,687
Asia &
Far East India Jet Airways (India) Pvt B737-500 CFM56-3C1 25191 10-Apr-92 19,020
Asia &
Far East China Xinjiang B757-200 RB211-535E4-37 26156 25-Nov-92 39,423
Asia &
Far East Taiwan Far Eastern Air Transpo MD83 JT8D-219 49950 01-Nov-91 21,123
Australia &
New Zealand Australia Liat DHC8-100 PW121 229 01-Sep-90 5,040
Australia &
New Zealand New Zealand Air Nelson METRO-III TPE331-11 705 01-Aug-88 1,087
Australia &
New Zealand New Zealand Air Nelson METRO-III TPE331-11 711 01-Mar-88 1,117
Australia &
New Zealand New Zealand Air Nelson METRO-III TPE331-11 712 01-Jun-88 1,123
Europe Ireland Transaer International A300-B4-100(3)CF6-50C2 12 20-May-75 5,090
Europe Ireland Transaer International A300-B4-100 CF6-50C2 20 01-Oct-75 5,113
Europe Ireland Transaer International A300-B4-203 CF6-50C2 131 07-Feb-81 10,423
Europe Turkey MNG Airlines Cargo A300-C4-203 CF6-50C2 83 01-May-79 16,787
Europe France Air France A320-200 CFM56-5A3 203 01-Sep-91 27,730
Europe France Air France A320-200 CFM56 220 01-Sep-91 27,923
Europe United Kingdom Airtours International A320-200 CFM56 294 02-Apr-92 29,483
Europe United Kingdom Airtours International A320-200 CFM56 301 22-Apr-92 29,190
Europe United Kingdom Airtours International A320-200 CFM56 348 17-Jun-92 28,743
Europe United Kingdom Airtours International A320-200 CFM56-5A3 349 30-Oct-92 29,507
Europe United Kingdom Titan Airways Limited ATR42-300 PW120 109 14-Oct-88 4,830
Europe United Kingdom Titan Airways Limited ATR42-300 PW120 113 18-Nov-88 5,057
Europe Hungary Malev B737-200A JT8D-17A 22803 14-Feb-83 5,623
Europe Hungary Malev B737-200A JT8D-17A 22804 01-Feb-83 5,487
Europe Bulgaria Balkan Bulgarian Airlines B737-300 CFM56-3B2 23749 01-May-87 18,907
Europe Bulgaria Balkan Bulgarian Airlines B737-300 CFM56-3B2 23923 01-Apr-88 18,733
Europe Italy Air One SpA B737-300 CFM56-3C1 25179 12-Feb-92 23,323
Europe Italy Air One SpA B737-300 CFM56-3C1 25187 14-Mar-92 23,047
Europe Turkey Istanbul B737-400 CFM56-3C1 24683 07-Aug-90 23,863
Europe Turkey Pegasus B737-400 CFM56-3C1 24684 01-Apr-90 23,893
Europe Spain Futura B737-400 CFM56-3C1 24689 03-Jul-90 24,130
Europe Spain Futura B737-400 CFM56-3C1 24690 01-Jul-90 24,250
Europe Turkey Istanbul B737-400 CFM56-3C1 24691 09-Aug-90 23,850
Europe Spain Air Europa B737-400 CFM56-3C1 24906 24-Feb-91 23,120
Europe Spain Air Europa B737-400 CFM56-3C1 24912 14-Jun-91 23,567
Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 24917 24-Jun-91 24,780
Europe Spain Futura B737-400 CFM56-3C1 25180 21-Jan-92 25,553
Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25181 03-Feb-92 25,093
Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25184 02-Mar-92 25,343
Europe Turkey Sun Express B737-400 CFM56-3C1 25190 07-Apr-92 25,127
Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 25261 09-Apr-92 24,990
Europe Turkey Turk Hava Yollari B737-400 CFM56-3C1 26065 01-May-92 25,010
Europe Hungary Malev B737-400 CFM56-3C1 26069 02-Nov-92 25,357
Europe Hungary Malev B737-400 CFM56-3C1 26071 13-Nov-92 25,480
Europe Turkey Pegasus B737-400 CFM56-3C1 26081 10-Mar-93 26,293
Europe United Kingdom British Midland B737-500 CFM56-3C1 25185 18-Feb-92 19,270
Europe Turkey Turk Hava Yollari B737-500 CFM56-3C1 25288 16-Jun-92 19,773
Europe Turkey Turk Hava Yollari B737-500 CFM56-3C1 25289 12-Jun-92 19,870
Europe Sweden Britannia Airways AB B757-200 RB2110-535E4-37 26151 23-Jul-92 39,353
Europe Netherlands Schreiner Airways DHC8-300 PW123 232 20-Oct-90 7,017
Europe Norway Wideroe's Flyveselskap a/s DHC8-300 PW123 293 01-Oct-91 7,600
Europe Austria Rheintalflug DHC8-300 PW123 307 01-Dec-91 7,550
Europe United Kingdom Brymon Airways DHC8-300 PW123 334 08-Oct-92 7,507
Europe Norway Wideroe's Flyveselskap a/s DHC8-300 PW123 342 01-Dec-92 7,770
Europe Netherlands Schreiner Airways DHC8-300A PW123 276 13-May-91 7,890
Europe Netherlands Schreiner Airways DHC8-300A PW123 283 01-Sep-91 7,997
Europe United Kingdom Brymon Airways DHC8-300A PW123 296 01-Oct-91 7,473
Europe Netherlands Schreiner Airways DHC8-300A PW123 298 01-Apr-92 8,287
Europe Netherlands Schreiner Airways DHC8-300A PW123 300 01-Apr-92 8,503
Europe Italy Eurofly S.P.A MD83 JT8D-219 49390 01-Apr-86 17,327
Europe Germany Estago Anlagen-
Vermietungs MD83 JT8D-219 49620 01-Jul-88 18,093
Europe Spain Spanair MD83 JT8D-219 49626 22-Oct-88 18,503
Europe Italy Eurofly S.P.A MD83 JT8D-219 49631 14-Jun-89 18,467
Europe Spain Spanair MD83 JT8D-219 49709 01-Dec-88 18,377
Europe Italy Meridiana SpA MD83 JT8D-219 49792 01-Nov-89 19,120
Europe Italy Meridiana SpA MD83 JT8D-219 49935 26-Sep-90 21,833
Europe Spain Spanair MD83 JT8D-219 49936 06-Oct-90 21,557
Europe Spain Spanair MD83 JT8D-219 49938 01-Dec-90 20,270
Europe France Air Liberte S.A. MD83 JT8D-219 49943 01-Jul-91 20,640
Europe Italy Meridiana SpA MD83 JT8D-219 49951 25-Aug-91 20,960
Europe Netherlands Schreiner Airways DHC8-300 PW123 244 01-Dec-90 7,130
Europe Macedonia Interimpex-Avioimpex MD83 JT8D-219 49442 29-Apr-87 17,523
Latin America Colombia ACES ATR42-320 PW121-5A1 284 01-Jan-92 6,570
Latin America Mexico Mexicana B727-200A JT8D-17R 21346 01-Oct-80 3,800
Latin America Mexico Mexicana B727-200A JT8D-17R 21600 01-Nov-80 4,310
Latin America Argentina Aerolineas Argentinas SA B737-200A JT8D-17 21192 01-Mar-76 3,827
Latin America Argentina LAPA B737-200A JT8D-17 21193 01-Jul-76 4,010
Latin America Argentina LAPA B737-200A JT8D-17 21196 01-Jul-76 3,740
Latin America Argentina LAPA B737-200A JT8D-15 22278 19-Mar-80 5,077
Latin America Argentina LAPA B737-200A JT8D-15 22368 01-Sep-80 5,100
Latin America Argentina LAPA B737-200A JT8D-15 22369 01-Sep-80 5,030
Latin America Chile Lan Chile Airlines B737-200A JT8D-15 22397 01-Feb-81 5,690
Latin America Chile Lan Chile Airlines B737-200A JT8D-17A 22407 01-Sep-80 5,390
Latin America Argentina LAPA B737-200A JT8D-15 22633 01-Mar-81 6,390
Latin America Chile Lan Chile Airlines B737-200A JT8D-17A 23024 01-May-83 6,690
Latin America Argentina LAPA B737-200QC JT8D-17A 23065 15-Oct-96 8,467
Latin America Brazil Rio Sul B737-500 CFM56-3C1 25186 11-Mar-92 19,127
Latin America Brazil Rio Sul B737-500 CFM56-3C1 25192 14-Apr-92 19,073
Latin America Brazil Rio Sul B737-500 CFM56-3C1 26075 23-Oct-92 19,263
Latin America Colombia Avianca B757-200 RB211-535E4-37 26154 22-Sep-92 38,217
Latin America Brazil Transbrasil B767-300ER PW4060 24948 19-Jul-91 56,300
Latin America Chile Lan Chile Airlines B767-300ER PW4060 26204 01-Oct-92 61,840
Latin America Chile Aircraft Int. Leasing
Limited DC8-71F CFM56-2C1 45810 09-Apr-92 13,940
Latin America Colombia Tampa DC8-71F CFM56-2C1 45849 09-Mar-91 14,487
Latin America Colombia Tampa DC8-71F CFM56-2C1 45945 19-May-92 14,967
Latin America Chile Aircraft Int. Leasing
Limited DC8-71F CFM56-2C1 45970 15-Oct-92 14,617
Latin America Chile Aircraft Int. Leasing
Limited DC8-71F CFM56-2C1 45976 10-Aug-91 14,377
Latin America Colombia Tampa DC8-71F CFM56-2C1 46066 24-Apr-91 14,330
Latin America Mexico Aeromexico DC9-32 JT8D-17 48125 01-Apr-80 3,883
Latin America Mexico Aeromexico DC9-32 JT8D-17 48126 01-Apr-80 4,167
Latin America Mexico Aeromexico DC9-32 JT8D-17 48127 01-Jul-80 4,453
Latin America Mexico Aeromexico DC9-32 JT8D-17 48128 01-Aug-80 4,357
Latin America Mexico Aeromexico DC9-32 JT8D-17 48129 01-Nov-80 4,503
Latin America Mexico Aeromexico DC9-32 JT8D-17 48130 01-Dec-80 4,577
Latin America Antigua Liat DHC8-100 PW120-A 140 01-Mar-89 4,613
Latin America Antigua Liat DHC8-100 PW120-A 144 01-Mar-89 4,907
Latin America Antigua Allegheny Airlines DHC8-100 PW120-A 270 01-May-91 5,680
Latin America Antigua Liat DHC8-102 PW120-A 113 01-Sep-88 5,543
Latin America Netherlands
Antilles ALM DHC8-300C PW123 230 01-Feb-91 7,600
Latin America Netherlands
Antilles ALM DHC8-300C PW123 242 01-Nov-90 7,450
Latin America Mexico Mexicana F100 TAY650-15 11266 17-Aug-90 12,300
Latin America Brazil TAM (Meridionais) F100 TAY650-15 11284 31-Jul-90 12,133
Latin America Brazil TAM (Meridionais) F100 TAY650-15 11285 01-Aug-90 13,010
Latin America Brazil TAM F100 TAY650-15 11304 27-Feb-91 12,980
Latin America Brazil TAM F100 TAY650-15 11305 19-Apr-91 13,220
Latin America Mexico Mexicana F100 TAY650-15 11309 16-May-91 13,330
Latin America Mexico Mexicana F100 TAY650-15 11319 05-Apr-91 13,087
Latin America Brazil TAM F100 TAY650-15 11336 05-Jun-91 13,267
Latin America Mexico Mexicana F100 TAY650-15 11339 01-Jul-91 13,187
Latin America Brazil TAM (Meridionais) F100 TAY650-15 11347 01-Oct-91 13,503
Latin America Brazil TAM (Meridionais) F100 TAY650-15 11348 06-Aug-91 13,587
Latin America Brazil TAM Express S/A. F100 TAY650-15 11371 19-Dec-91 13,840
Latin America Mexico Mexicana F100 TAY650-15 11374 20-Jan-92 13,797
Latin America Mexico Mexicana F100 TAY650-15 11375 01-Dec-92 14,080
Latin America Mexico Mexicana F100 TAY650-15 11382 01-Jan-93 14,097
Latin America Mexico Mexicana F100 TAY650-15 11384 01-Jan-93 14,097
Latin America Brazil VARIG MD11 CF6-80C2-D1F 48499 31-Dec-91 65,727
Latin America Brazil VARIG MD11 CF6-80C2-D1F 48500 01-Mar-92 67,820
Latin America Brazil VARIG MD11 CF6-80C2-D1F 48501 01-Sep-92 68,740
Latin America Mexico Aeromexico MD82 JT8D-217 49660 01-Mar-88 17,970
Latin America Mexico Aeromexico MD82 JT8D-217A 49667 21-Jan-88 17,897
Latin America Trinidad &
Tobago BWIA International MD83 JT8D-219 49789 23-Sep-89 19,203
Latin America Colombia Avianca MD83 JT8D-219 49939 26-Oct-90 20,487
Latin America Colombia Avianca MD83 JT8D-219 49946 18-Jul-91 21,250
Latin America Colombia Avianca MD83 JT8D-219 53120 29-Jul-92 21,770
Latin America Colombia Avianca MD83 JT8D-219 53125 02-Apr-92 21,067
Latin America Mexico Aeromexico MD87 JT8D-219 49673 01-Dec-88 13,133
Latin America Colombia Avianca B767-200ER PW4056 25421 14-Jan-92 44,370
North America Canada Canadian A320-200 CFM56-5A1 174 01-Apr-91 26,910
North America Canada Canadian A320-200 CFM56-5A1 175 01-Apr-91 27,007
North America Canada Canadian A320-200 CFM56-5A1 232 01-Oct-91 27,210
North America Canada Canadian A320-200 CFM56-5A1 284 09-Mar-92 28,307
North America Canada Canadian A320-200 CFM56-5A1 309 13-May-92 28,130
North America Canada Canadian A320-200 CFM56-5A1 404 01-Jan-94 30,657
North America United States
of America Idefix ATR42-300 PW120 249 01-Jun-91 6,427
North America Canada Canadian (1) B737-200A JT8D-9A 20958 01-Jan-75 1,200
North America Canada Canadian (1) B737-200A JT8D-9A 20959 01-Nov-74 1,200
North America Canada Canadian (1) B737-200A JT8D-9A 21115 01-Dec-75 1,700
North America Canada Canadian (1) B737-200A JT8D-9A 21639 01-Nov-78 3,271
North America Canada Canadian (1) B737-200A JT8D-9A 21712 01-Feb-79 3,704
North America United States
of America Vanguard Airlines B737-200A JT8D-15 21735 01-Jun-79 7,623
North America Canada Canadian (1) B737-200A JT8D-9A 22873 01-Jul-82 6,064
North America United States
of America Vanguard Airlines B737-200A JT8D-15 22979 01-Mar-83 8,913
North America United States
of America Frontier Airlines, Inc. B737-300 CFM56-3B1 23177 01-Apr-86 16,173
North America United States
of America America West B737-300QC CFM56-3B1 23499 01-Jun-86 18,610
North America United States
of America America West B737-300QC CFM56-3B1 23500 01-Jun-86 18,510
North America United States
of America Tower Air (1) B747-200BC JT9D-7Q 21730 07-Jun-79 34,611
North America United States
of America TWA B767-300ER PW4060 25411 15-Jan-92 60,843
North America United States
of America BAX Global DC8-71F CFM56-2C1 45811 30-May-91 14,730
North America United States
of America BAX Global DC8-71F CFM56-2C1 45813 28-Apr-92 15,047
North America United States
of America BAX Global DC8-71F CFM56-2C1 45946 23-Apr-92 13,583
North America United States
of America BAX Global DC8-71F CFM56-2C1 45971 13-Feb-92 13,960
North America United States
of America BAX Global DC8-71F CFM56-2C1 45973 27-Feb-92 13,287
North America United States
of America BAX Global DC8-71F CFM56-2C1 45978 23-Apr-93 14,340
North America United States
of America BAX Global DC8-71F CFM56-2C1 45993 23-Jun-93 14,433
North America United States
of America BAX Global DC8-71F CFM56-2C1 45994 01-Sep-94 13,943
North America United States
of America Emery Worldwide DC8-71F CFM56-2C1 45996 29-Oct-92 14,290
North America United States
of America Emery Worldwide DC8-71F CFM56-2C1 45997 07-Dec-93 14,097
North America United States
of America BAX Global DC8-71F CFM56-2C1 45998 21-May-93 13,350
North America United States
of America BAX Global DC8-71F CFM56-2C1 46065 12-Jan-92 14,790
North America United States
of America Emery Worldwide DC8-73CF CFM56-2C1 46091 01-Dec-89 18,243
North America United States
of America Hawaiian Airlines DC9-51 JT8D-17 47742 01-Jun-77 3,727
North America United States
of America Hawaiian Airlines DC9-51 JT8D-17 47784 01-May-79 3,713
North America United States
of America Hawaiian Airlines DC9-51 JT8D-17 47796 01-Apr-79 4,233
North America United States
of America Hawaiian Airlines DC9-51 JT8D-17 48122 26-Jan-81 4,723
North America United States
of America National Jet Systems DHC8-100 PW121 258 01-Jan-91 5,877
North America United States
of America TWA MD83 JT8D-219 49575 01-Oct-87 18,403
North America United States
of America American Airlines MD-83 JT8D-219 49941 01-Dec-90 22,327
North America United States
of America American Airlines MD-83 JT8D-219 49949 05-Aug-91 22,153
Others Cyprus Fornax Aircraft
Leasing B737-200A JT8D-17 21685 01-Jan-79 5,623
Others Kazakstan Air Kazakstan B737-200A JT8D-15 22090 01-May-80 5,890
Others Ukraine AeroSvit airlines B737-200A JT8D-15 22453 01-Mar-81 6,780
Others Ukraine Ukraine International B737-200A JT8D-17A 22802 01-Feb-83 7,553
Others Czech Republic Travel Servis B737-400 CFM56-3C1 24911 01-Apr-91 24,147
Off Lease Off Lease B767-300ER PW4060 26200 01-Sep-92 62,023
Off Lease Off Lease - LOI
Schreiner (2) DHC8-300A PW123 266 20-Mar-91 7,700
Off Lease Off Lease DHC8-300A PW123 267 04-Apr-91 7,753
==========
3,340,342
</TABLE>
Note:
(1) Aircraft Lease Receivable Book Values are used for the Aircraft subject to
Finance Leases (7 in total) rather than the Appraised Values of these
Aircraft.
(2) "LOI" denotes Aircraft subject to non-binding Letter of Intent with a
particular lessee.
(3) The airframe of this Aircraft was sold on February 17, 2000. The engines of
this Aircraft are subject to a non-binding Letter of Intent for sale.
Exhibit B
Attached hereto is a true and correct copy of a Power of Attorney given
by each of the persons signatory thereto.
/s/ John Banes
--------------
John Banes
POWER OF ATTORNEY
Each of the undersigned, being a Director and officer of Airplanes
Limited, hereby individually appoints Patrick Blaney, John Tierney, Brian
McLoghlin, Declan Treacy, Richard Pierce, John Redmond, Michael Walsh and Rose
Hynes and each of them, acting as an officer of GPA Financial Services (Ireland)
Limited, as Administrative Agent of Airplanes Limited, his true and lawful
attorney-in-fact and agent (each an "Attorney-in-Fact"), with full power of
substitution and resubstitution, for him and in his name, place and stead, in
his capacity as a Director and an officer of Airplanes Limited, to sign each
Report on Form 8-K which will be filed at least monthly, provided that where any
such Report on Form 8-K is required to contain any information in addition to or
other than a copy of the relevant monthly report to certificate holders, the
contents of such Report on Form 8-K shall be notified to any one Director of
Airplanes Limited prior to the filing thereof, each such Report on Form 8-K
containing a monthly report to certificate holders to be filed monthly on or
about the 15th day of each month and each other Report on Form 8-K to be filed
within the time prescribed by the SEC upon the occurrence of certain events
listed in the SEC rules and regulations with the Securities and Exchange
Commission (the "SEC") and any amendments thereto, and to file the same with any
exhibits thereto and any other documents in connection therewith with the SEC,
granting unto said Attorney-in-Fact full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises as fully to all intents and purposes as he might or could do in person,
hereby ratifying and confirming all that said Attorney-in-Fact, or his
substitute, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has caused this Power of
Attorney to be duly executed and delivered on the date indicated below.
Dated: 24 June 1996 /s/ Roy M. Dantzic
------------------
Roy M. Dantzic
Witness: /s/ A.Syvret
Dated: 24 June 1996 /s/ William A. Franke
---------------------
William A. Franke
Witness: /s/ A.Syvret
Dated: 24 June 1996 /s/ Hugh R. Jenkins
-------------------
Hugh R. Jenkins
Witness: /s/ A.Syvret
Dated: 24 June 1996 /s/ William M. McCann
---------------------
William M. McCann
Witness: /s/ A.Syvret
Dated: 24 June 1996 /s/ Edward J. Hansom
--------------------
Edward J. Hansom
Witness: /s/ A.Syvret
Exhibit C
Attached hereto is a true and correct copy of a Power of
Attorney given by each of the persons signatory thereto.
/s/ John Banes
--------------
John Banes
POWER OF ATTORNEY
Each of the undersigned, being a Controlling Trustee and officer of
Airplanes U.S. Trust, hereby individually appoints Patrick Blaney, John Tierney,
Brian McLoghlin, Declan Treacy, Richard Pierce, John Redmond, Michael Walsh and
Rose Hynes and each of them, acting as an officer of GPA Financial Services
(Ireland) Limited, as Administrative Agent of Airplanes U.S. Trust, his true and
lawful attorney-in-fact and agent (each an "Attorney-in-Fact"), with full power
of substitution and resubstitution, for him and in his name, place and stead, in
his capacity as a Controlling Trustee and an officer of Airplanes U.S. Trust to
sign each Report on Form 8-K which will be filed at least monthly, provided that
where any such Report on Form 8-K is required to contain any information in
addition to or other than a copy of the relevant monthly report to certificate
holders, the contents of such Report on Form 8-K shall be notified to any one
Controlling Trustee of Airplanes U.S. Trust prior to the filing thereof, each
such Report on Form 8-K containing a monthly report to certificate holders to be
filed monthly on or about the 15th day of each month and each other Report on
Form 8-K to be filed within the time prescribed by the SEC upon the occurrence
of certain events listed in the SEC rules and regulations with the Securities
and Exchange Commission (the "SEC") and any amendments thereto, and to file the
same with any exhibits thereto and any other documents in connection therewith
with the SEC, granting unto said Attorney-in-Fact full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as he might or could
do in person, hereby ratifying and confirming all that said Attorney-in-Fact,
or his substitute, may lawfully do or cause to be done by virtue hereof.
Dated: 24 June 1996 /s/ Roy M. Dantzic
------------------
Roy M. Dantzic
Controlling Trustee
/s/ William A. Franke
---------------------
William A. Franke
Controlling Trustee
/s/ Hugh R. Jenkins
-------------------
Hugh R. Jenkins
Controlling Trustee
/s/ William M. McCann
---------------------
William M. McCann
Controlling Trustee
/s/ Edward J. Hansom
--------------------
Edward J. Hansom
Controlling Trustee
