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AIRLEASE ANNOUNCES INCREASED SECOND QUARTER 1993 RESULTS

 SAN FRANCISCO, July 20 /PRNewswire/ -- Airlease Ltd., A California Limited Partnership (NYSE: FLY), today reported higher net income and revenues for the three- and six-month periods ended June 30, 1993.
 Net income for the 1993 second quarter was $1.7 million, an increase of 25.7 percent from last year's second quarter income of $1.4 million. Net income for the six-month period ended June 30, 1993, was $3.1 million, an increase of 13.7 percent from last year's six-month net income of $2.7 million.
 Revenues for the 1993 second quarter were $3.2 million, an increase of 5.5 percent from last year's 1992 second quarter revenues of $3.1 million. Revenues for the six-month period were $6.4 million, a 7.1-percent increase from 1992 six-month revenues of $6.0 million.
 The increase in earnings and revenues primarily reflects the April 1992 lease of an MD-82 aircraft to Finnair OY and the re-lease in April 1993 of two 727-200 advanced aircraft to Federal Express Corp.
 The second quarter distribution of 40 cents per unit was declared on June 8, 1993, to unitholders of record on June 30, 1993, payable Aug. 13, 1993.
 AIRLEASE LTD.
 (Unaudited, in thousands)
 Three Months Six Months
 Ended June 30: 1993 1992 1993 1992
 Revenues $ 3,236 $ 3,068 $ 6,404 $ 5,977
 Expenses 1,535 1,715 3,324 3,267
 Net income 1,701 1,353 3,080 2,710
 Net income allocated to
 limited partners 1,684 1,339 3,049 2,683
 Net income per limited
 partnership unit $ 0.36 $ 0.29 $ 0.66 $ 0.58
 Total units outstanding 4,671,717 4,671,717 4,671,717 4,671,717
 -0- 7/20/93
 /CONTACT: Nancy Riess of Airlease, 415-627-9300/
 (FLY)


CO: Airlease Ltd. ST: California IN: AIR AUT SU: ERN

GT-TM -- SF015 -- 3656 07/20/93 18:31 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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