International Lease Finance 10-Q 2007 Q3 Quarterly report

EXHIBIT 12

INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006
(Dollars in thousands)

	2007			2006
	(Unaudited)
Earnings:
Net Income	$	428,955		$	363,144
Add:
Provision for income taxes		227,668			169,122
Fixed charges		1,240,449			1,123,876
Less:
Capitalized interest		(27,672	)		(36,715	)
Earnings as adjusted (A)	$	1,869,400		$	1,619,427
Fixed and preferred stock dividends:
Preferred dividend requirements	$	4,045		$	4,108
Ratio of income before provision for income taxes to net income		153	%		147	%
Preferred dividend factor on pretax basis		6,189			6,039
Fixed Charges:
Interest expense		1,210,398			1,084,860
Capitalized interest		27,672			36,715
Interest factors of rents		2,379			2,301
Fixed charges as adjusted (B)		1,240,449			1,123,876
Fixed charges and preferred stock dividends (C)	$	1,246,638		$	1,129,915
Ratio of earnings to fixed charges (A) divided by (B)		1.51	x		1.44	x
Ratio of earnings to fixed charges and preferred stock dividends (A) divided by (C)		1.50	x		1.43	x