International Lease Finance 10-Q 2006 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, 2006 AND 2005
(Dollars in thousands)

				Restated
	2006			2005
	(Unaudited)
Earnings:
Net Income	$	363,144		$	397,614
Add: Add:
Provision for income taxes		169,122			186,965
Fixed charges		1,123,876			879,495
Less: Less:
Capitalized interest		(36,715	)		(40,380	)
Earnings as adjusted (A)	$	1,619,427		$	1,423,694
Fixed and preferred stock dividends:
Preferred dividend requirements	$	4,108		$	3,328
Ratio of income before provision for income taxes to net income		147	%		147	%
Preferred dividend factor on pretax basis		6,039			4,892
Fixed Charges:
Interest expense		1,084,860			836,789
Capitalized interest		36,715			40,380
Interest factors of rents		2,301			2,326
Fixed charges as adjusted (B)		1,123,876			879,495
Fixed charges and preferred stock dividends (C)	$	1,129,915		$	884,387
Ratio of earnings to fixed charges (A) divided by (B)		1.44	x		1.62	x
Ratio of earnings to fixed charges and preferred stock dividends (A) divided by (C)		1.43	x		1.61	x