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AIRLEASE LTD. AIRCRAFT PURCHASE ENHANCES DIVERSIFICATION

 AIRLEASE LTD. AIRCRAFT PURCHASE ENHANCES DIVERSIFICATION
 SAN FRANCISCO, April 30 /PRNewswire/ -- Airlease Ltd. (NYSE: FLY), a California Limited Partnership, announced today that it has purchased a 50 percent interest in one MD-82 aircraft on lease to Finnair OY. The remaining 50 percent interest was purchased by U.S. Leasing, the parent of the general partner.
 An Airlease spokesperson said that the addition of a strong, foreign lessee brings important diversification to the portfolio. It also adds to its existing fleet of Stage III, MD-82 airplanes, which now account for about 85 percent of the assets.
 The aircraft was purchased under a seven-year sale and leaseback transaction. Finnair OY is 80 percent owned by the Republic of Finland and is the only major air carrier in that country.
 As of April 30, 1992, the partnership owned interests in 17 aircraft.
 -0- 4/30/92
 /CONTACT: Nancy Riess of Airlease Ltd., 415-627-9300/
 (FLY) CO: Airlease Ltd. ST: California IN: AIR SU:


MM-MC -- SF011 -- 5255 04/30/92 20:16 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:168
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