<TABLE> <S> <C>
<ARTICLE>5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE PERIOD ENDED SEPTEMBER 30, 2000 OF PEGASUS AIRCRAFT PARTNERS, LP, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 1,679,000
<SECURITIES> 0
<RECEIVABLES> 286,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 1,970,000
<PP&E> 71,015,000
<DEPRECIATION> 51,574,000 <F3>
<TOTAL-ASSETS> 21,411,000
<CURRENT-LIABILITIES> 4,243,000
<BONDS> 11,050,000
0
0
<COMMON> 0
<OTHER-SE> 6,118,000 <F2>
<TOTAL-LIABILITY-AND-EQUITY> 21,411,000
<SALES> 0
<TOTAL-REVENUES> 7,122,000
<CGS> 0
<TOTAL-COSTS> 4,402,000
<OTHER-EXPENSES> 182,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 980,000
<INCOME-PRETAX> 1,558,000
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,558,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,558,000
<EPS-BASIC> .20 <F1>
<EPS-DILUTED> 0
<FN>
<F1>REPRESENTS NET INCOME PER LIMITED PARTNERSHIP UNIT OUTSTANDING.
<F2>REPRESENTS AGGREGATE PARTNERSHIP CAPITAL.
<F3>INCLUDES PROVISIONS FOR WRITEDOWNS AND CERTAIN OTHER RESERVES.
</FN>
</TABLE>