<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 II, 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> 3,674,000
<SECURITIES> 0
<RECEIVABLES> 196,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 4,922,000
<PP&E> 166,854,000
<DEPRECIATION> 125,294,000 <F3>
<TOTAL-ASSETS> 46,482,000
<CURRENT-LIABILITIES> 5,483,000
<BONDS> 22,660,000
0
0
<COMMON> 0
<OTHER-SE> 18,339,000 <F2>
<TOTAL-LIABILITY-AND-EQUITY> 46,482,000
<SALES> 0
<TOTAL-REVENUES> 7,992,000
<CGS> 0
<TOTAL-COSTS> 7,488,000
<OTHER-EXPENSES> 332,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,621,000
<INCOME-PRETAX> (1,449,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,449,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,449,000)
<EPS-BASIC> (0.20) <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>