AIRCRAFT FINANCE TRUST
8-K, 2000-11-15
PERSONAL CREDIT INSTITUTIONS
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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                               ------------------

                                    FORM 8-K

                               ------------------

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of report (date of earliest event reported): November 15, 2000


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                          Commission File No. 333-82153

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                             AIRCRAFT FINANCE TRUST

                         State of Organization: Delaware

                   IRS Employer Identification No. 51-6512392

       1100 North Market Street, Rodney Square North, Wilmington, Delaware

                           Telephone - (302) 651-1000

                       This document consists of 19 pages.


<PAGE>

Item 5.           Other Events.

Attached  hereto as Exhibit 99.1 is a copy of the Monthly  Report to Noteholders
for the payment  date of November  15,  2000,  sent to the holders of the notes.
Attached  hereto as Exhibit 99.2 is the Quarterly  Report to Noteholders for the
quarter ended September 30, 2000.



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<PAGE>


                                    SIGNATURE



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                      AIRCRAFT FINANCE TRUST
                                      (Registrant)





           November 15, 2000              By:  /s/ David Treitel
         ---------------------                 -------------------------------
                                               David H. Treitel
                                               Independent Controlling Trustee


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