INTERNATIONAL LEASE FINANCE CORP
EXHIBIT 10.1
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<P align="right" style="font-size: 10pt">Exhibit&nbsp;10.1



<P align="center" style="font-size: 10pt"><B>Extension Letter</B>



<P align="left" style="font-size: 10pt">To: the Addressees listed in Schedule&nbsp;2



<P align="right" style="font-size: 10pt">20 April&nbsp;2005



<P align="left" style="font-size: 10pt">Dear Sirs



<P align="left" style="font-size: 10pt"><B>Facility Agreement dated 18 May&nbsp;2004 relating to the financing of certain Airbus aircraft</B>



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    <TD width="1%" nowrap align="left">1.&nbsp;&nbsp;</TD>
    <TD>We refer to an aircraft facility agreement dated 18 May&nbsp;2004 (as amended from time to
time) between the banks and financial institutions named therein (as lenders), The Governor
and Company of the Bank of Scotland, London Branch (as lead manager, security trustee and
agent), The Governor and Company of the Bank of Scotland, Frankfurt Branch (as lead manager),
The Governor and Company of the Bank of Scotland, Paris Branch (as lead manager), Whitney
Leasing Limited (as borrower), Aircraft SPC-12, Inc. (as borrower parent) and International
Lease Finance Corporation (as guarantor and subordinated lender) (the &#147;<B>Facility Agreement</B>&#148;).</TD>
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    <TD width="1%" nowrap align="left">2.&nbsp;&nbsp;</TD>
    <TD>Save as otherwise provided herein, words and expressions used in this extension letter
shall have the same meaning ascribed to them in the Facility Agreement.</TD>
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    <TD width="1%" nowrap align="left">3.&nbsp;&nbsp;</TD>
    <TD>The Borrower, the Borrower Parent and the Guarantor have requested that the
Availability Period be extended. The Agent (for and on behalf of itself and the Lenders), the
Security Trustee, the Lead Managers and the Original Lender will consent to this request upon
and subject to the terms of this extension letter.</TD>
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    <TD width="1%" nowrap align="left">4.&nbsp;&nbsp;</TD>
    <TD>Each of the parties hereto hereby agrees that with effect from the date hereof:</TD>
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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(a)&nbsp;&nbsp;</TD>
    <TD>the Availability Period is extended to cover the period up to and including 31
May&nbsp;2006; and</TD>
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    <TD colspan="5">&nbsp;</TD>
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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">(b)&nbsp;&nbsp;</TD>
    <TD>the list of Eligible Aircraft set out in Schedule&nbsp;5 Part&nbsp;A of the Facility
Agreement shall be replaced by the list of aircraft set out in Schedule&nbsp;1 hereto. All
references to &#145;Eligible Aircraft&#146; in the Facility Agreement shall henceforth be treated
as a reference to Schedule&nbsp;1 hereto and the Facility Agreement shall be read and
construed accordingly.</TD>
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    <TD width="1%" nowrap align="left">5.&nbsp;&nbsp;</TD>
    <TD>Each of the Borrower, the Borrower Parent and the Guarantor hereby repeats the
representations and warranties set out in Clause 6.1 and Clause 6.2 of the Facility Agreement,
to the extent relevant to each party.</TD>
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    <TD width="1%" nowrap align="left">6.&nbsp;&nbsp;</TD>
    <TD>Save as specified herein, the terms and conditions of the Facility Agreement shall
continue in full force and effect.</TD>
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    <TD width="1%" nowrap align="left">7.&nbsp;&nbsp;</TD>
    <TD>A person who is not a party to this extension letter shall have no rights under the
Contracts (Rights of Third Parties) Act 1999.</TD>
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    <TD width="1%" nowrap align="left">8.&nbsp;&nbsp;</TD>
    <TD>This extension letter shall be governed by and construed in accordance with English
law.</TD>
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    <TD width="1%" nowrap align="left">9.&nbsp;&nbsp;</TD>
    <TD>The provisions of Clause 23.2 to Clause 23.6 inclusive of the Facility
Agreement are hereby incorporated into this extension letter <I>mutatis mutandis</I>, with all
references therein to &#145;this Agreement&#146; being treated as a reference to this extension
letter.</TD>
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<P align="left" style="font-size: 10pt">Yours faithfully


<P align="left" style="font-size: 10pt">/s/ Pamela S. Hendry<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>WHITNEY LEASING LIMITED</B></DIV>



<DIV align="left" style="font-size: 10pt">Pamela S. Hendry</DIV>



<DIV align="left" style="font-size: 10pt">Director</DIV>



<P align="left" style="font-size: 10pt">/s/ Alan H. Lund<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>AIRCRAFT SPC-12, INC.</B></DIV>



<P align="left" style="font-size: 10pt">/s/ Pamela S. Hendry
<HR size="1" noshade width="36%" align="left" color="#000000">



<DIV align="left" style="font-size: 10pt"><B>INTERNATIONAL LEASE FINANCE CORPORATION</B></DIV>



<DIV align="left" style="font-size: 10pt">Pamela S. Hendry</DIV>



<DIV align="left" style="font-size: 10pt">Senior Vice President &#038; Treasurer</DIV>



<P align="center" style="font-size: 10pt">-2-
</DIV>

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<P align="left" style="font-size: 10pt">We hereby agree, acknowledge and consent to the terms of this extension letter


<P align="left" style="font-size: 10pt"><B>The Agent</B>


<P align="left" style="font-size: 10pt">/s/ Robert Buck<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>LONDON BRANCH</B></DIV>



<P align="left" style="font-size: 10pt"><B>The Security Trustee</B>


<P align="left" style="font-size: 10pt">/s/ Robert Buck<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>LONDON BRANCH</B></DIV>



<P align="left" style="font-size: 10pt"><B>The British Lead Manager</B>


<P align="left" style="font-size: 10pt">/s/ Robert Buck<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>LONDON BRANCH</B></DIV>



<P align="left" style="font-size: 10pt"><B>The French Lead Manager</B>


<P align="left" style="font-size: 10pt">/s/ Robert Buck<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>PARIS BRANCH</B></DIV>



<P align="left" style="font-size: 10pt"><B>The German Lead Manager</B>


<P align="left" style="font-size: 10pt">/s/ Robert Buck<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND,</B></DIV>



<DIV align="left" style="font-size: 10pt"><B>FRANKFURT BRANCH</B></DIV>



<P align="center" style="font-size: 10pt">-3-
</DIV>

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<P align="left" style="font-size: 10pt"><B>The Original Lender</B>



<P align="left" style="font-size: 10pt">/s/ Mike Gear<BR>
<HR size="1" noshade width="36%" align="left" color="#000000">


<DIV align="left" style="font-size: 10pt"><B>HALIFAX PLC</B></DIV>



<P align="center" style="font-size: 10pt">-4-
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<P align="center" style="font-size: 10pt"><FONT style="font-variant: SMALL-CAPS"><B>SCHEDULES</B></FONT>



<P align="left" style="font-size: 10pt">Schedule&nbsp;1 &#151; Details of Proposed Aircraft and Proposed Aircraft Delivery Schedule



<P align="left" style="font-size: 10pt">Schedule&nbsp;2 &#151; Addressees




<P align="center" style="font-size: 10pt">-5-
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