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EXHIBIT 31

CERTIFICATIONS

I, William M. McCann, the Chairman of the Board of Directors of Airplanes
Limited and Chairman of the Controlling Trustees of Airplanes U.S. Trust,
certify that:



|1. |  | I have reviewed this quarterly report on Form 10-Q of Airplanes Limited
and Airplanes U.S. Trust;                                                                                                                                                                                                                                      
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|2. |  | Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this quarterly report;         
|  
|3. |  | Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and cash
flows of Airplanes Limited and Airplanes U.S. Trust as of, and for, the
periods presented in this quarterly report;
|  
|4. |  | I am responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for
Airplanes Limited and Airplanes U.S. Trust and I have:                                                                                                                                   



| | (a) |  | designed such disclosure controls and procedures to ensure that
material information relating to Airplanes Limited and Airplanes U.S.
Trust, including their consolidated subsidiaries, is made known to the
Board of Directors of Airplanes Limited and the Controlling Trustees of
Airplanes U.S. Trust by others within those entities, particularly
during the period in which this quarterly report is being prepared;
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|
| | (b) |  | evaluated the effectiveness of the disclosure controls and
procedures of Airplanes Limited and Airplanes U.S. Trust as of a date
within 90 days prior to the filing date of this quarterly report (the
Evaluation Date); and                                                                                                                                                                                             
|
| | (c) |  | presented in this quarterly report my conclusions about the
effectiveness of the disclosure controls and procedures based on my
evaluation as of the Evaluation Date;                                                                                                                                                                                                                                                      



|5. |  | I have disclosed, based on my most recent evaluation, to the auditors of
Airplanes Limited and Airplanes U.S. Trust and the audit committee of the
Board of Directors of Airplanes Limited and the Controlling Trustees of
Airplanes U.S. Trust:
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| | (a) |  | all significant deficiencies in the design or operation of internal
controls which could adversely affect the ability of Airplanes Limited
and Airplanes U.S. Trust to record, process, summarize and report
financial data and have identified for the auditors of Airplanes
Limited and Airplanes U.S. Trust any material weaknesses in internal
controls; and
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|
| | (b) |  | any fraud, whether or not material, that involves management or
other employees who have a significant role in the internal controls of
Airplanes Limited and Airplanes U.S. Trust; and                                                                                                                                                                         





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|6. |  | I have indicated in this quarterly report whether or not there were
significant changes in internal controls or in other factors that could
significantly affect internal controls subsequent to the date of my most
recent evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.
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|      |  |                  |  | 
|Date: |  | August 14, 2003. |  | 
|      |  |                  |  | 

|                                                                                                                                                    |  | 
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|                                                                                                                                                    |  | 
|/s/ W. M. McCann
W. M. McCann
Chairman of the Board of Directors of
Airplanes Limited
Chairman of the Controlling Trustees of
Airplanes U.S. Trust1 |  | 



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|1 |  | Airplanes Limited and Airplanes U.S. Trust are special purpose vehicles
that do not employ and have not employed any individual as a chief executive
officer or chief financial officer and do not have and have not had any
employees or officers since their inception. For all executive management
functions Airplanes Limited and Airplanes U.S. Trust retain and rely upon their
third party aircraft servicer, administrative agent and cash manager. These
third party service providers are required to perform these executive
management functions in accordance with the requirements of the servicing
agreement, administrative agency agreement and cash management agreement,
respectively. With respect to the information contained in this quarterly
report on Form 10-Q, all information regarding the aircraft, the leases and the
lessees is provided by the servicer pursuant to the servicing agreement. The
cash manager calculates monthly payments and makes all other calculations
required by the cash management agreement. Pursuant to the administrative
agency agreement, the administrative agent uses the information provided by the
servicer and the cash manager and other information the administrative agent
acquires in the performance of its services to Airplanes Limited and Airplanes
U.S. Trust, to prepare all disclosure (including this quarterly report on Form
10-Q) required to be filed with the Securities and Exchange Commission.


All members of the Board of Directors of Airplanes Limited and the Controlling
Trustees of Airplanes U.S. Trust, including the Chairman, are non-executives.
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E31-2