International Lease Finance 10-Q 2010 Q2 Quarterly report

EXHIBIT 12

INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS FOR THE SIX MONTHS ENDED JUNE 30, 2010 and 2009
(Dollars in thousands)

	June 30,			June 30,
	2010			2009
	(Unaudited)
Earnings:
Net Income	$	47,827		$	439,882
Add:
Provision for income taxes		27,919			239,417
Fixed charges		747,263			717,427
Less:
Capitalized interest		(3,080	)		(7,216	)
Earnings as adjusted (A)	$	819,929		$	1,389,510
Fixed charges and preferred stock dividends:
Preferred dividend requirements	$	207		$	2,560
Ratio of income before provision for income taxes to net income		158	%		154	%
Preferred dividend factor on pretax basis		327			3,942
Fixed Charges:
Interest expense		742,574			708,607
Capitalized interest		3,080			7,216
Interest factors of rents		1,609			1,604
Fixed charges as adjusted (B)		747,263			717,427
Fixed charges and preferred stock dividends (C)	$	747,590		$	721,369
Ratio of earnings to fixed charges ((A) divided by (B))		1.10	x		1.94	x
Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C))		1.10	x		1.93	x

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