US Leasing Buys Plane

From New York AirSAN FRANCISCO - United States Leasing International Inc., a Ford Motor Co. subsidiary, has purchased a McDonnell Douglas MD-82 aircraft from New York Airlines Inc. for $20 million. It then leased the plane to Continental Airlines Inc.

Both of the carriers are subsidiaries of Texas Air Corp.

The lease agreement is long-term, extending 18 years.

In partnership with two other organizations, U.S. Leasing has partial ownership of 20 commercial jets, including seven others leased to Continental.

Towers Loses Interest

In Pan Am Corp.

Towers Financial Corp. apparently has lost its interest in Pan Am Corp., the parent of Pan American World Airways.

In a filing with the Securities and Exchange Commission, Towers reported it had sold most of its stake in Pan Am, less than 1 percent the outstanding shares, and said it has determined not to take any action at the present time with respect to the acquisition, change of management and restructuring of Pan Am Corp.

Earlier, Towers, a New York-based financial services company, conducted a media campaign claiming it would launch a Pan Am takeover bid.

Traffic Report

Wings West Airlines reported it flew 14.1 million revenue passenger-miles in March, 111 percent higher than 6.7 million operated in March 1987. The load factor for the month was 43.9 percent compared with 40.8 percent in the year- earlier month.