Unsteady lifting-line theory is developed for a wing of large aspect ratio oscillating at low frequency in inviscid incompressible flow. The wing is assumed to have a rigid chord but a flexible span. Use of the method of matched asymptotic expansions reduces the problem from a singular integral equation to quadrature. The pressure field and airloads, for a prescribed wing shape and motion, are obtained in closed form as expansions in inverse aspect ratio. A rigorous definition of unsteady induced downwash is also obtained. Numerical calculations are presented for an elliptic wing in pitch and heave; compared with numerical lifting-surface theory, computation time is reduced significantly. The present work also identifies and resolves errors in the unsteady lifting-line theory of E. C. James, and points out a limitation in that of T. van Holten. Refs.