<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE PERIOD ENDED JUNE 30, 2000 OF PEGASUS AIRCRAFT PARTNERS II, LP, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 1,948,000
<SECURITIES> 0
<RECEIVABLES> 381,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 4,981,000
<PP&E> 164,817,000
<DEPRECIATION> 123,559,000 <F3>
<TOTAL-ASSETS> 46,239,000
<CURRENT-LIABILITIES> 8,318,000
<BONDS> 19,500,000
0
0
<COMMON> 0
<OTHER-SE> 18,421,000 <F2>
<TOTAL-LIABILITY-AND-EQUITY> 46,239,000
<SALES> 0
<TOTAL-REVENUES> 5,289,000
<CGS> 0
<TOTAL-COSTS> 5,453,000
<OTHER-EXPENSES> 222,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 981,000
<INCOME-PRETAX> (1,367,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,367,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,367,000)
<EPS-BASIC> (0.19) <F1>
<EPS-DILUTED> 0
<FN>
<F1>REPRESENTS NET INCOME PER LIMITED PARTNERSHIP UNIT OUTSTANDING.
<F2>REPRESENTS AGGREGATE PARTNERSHIP CAPITAL.
<F3>INCLUDES PROVISIONS FOR WRITE-DOWNS AND CERTAIN OTHER RESERVES.
</FN>
</TABLE>