Following the recent pricing of two aircraft lease-backed securitizations, year-to-date issuance in the U.S. nearly exceeds issuance for all of 1999 - clearly a strong showing for the sector thus far, said market watchers.

Pegasus Aviation's $950 million PALS 2000-1 should close this week, according to a source familiar with the transaction. PaineWebber is managing the transaction with Prudential Securities as co-manager.

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