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Exhibit 23.5
AIRCRAFT VALUE ANALYSIS COMPANY
CONSENT OF APPRAISER
We consent to the use of our reports included herein and to the references to
our firm in the Morgan Stanley Aircraft Finance Registration Statement on Form
S-1 (file number 333-56575) to be filed with the Securities and Exchange
Commission.
Dated: 24 October, 2000
AIRCRAFT VALUE ANALYSIS COMPANY
By: /s/ P. Leighton
----------------------------
Name: P. Leighton
Title Managing Director
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