Aircraft Finance Trust Extends Consent Solicitation

NEW YORK—(BUSINESS WIRE)—Aircraft Finance Trust (“AFT”) announced today that the expiration date for the previously announced solicitation of consents to various amendments (the “Proposed Amendments”) to the indenture governing its Class A-1 Notes, Class A-2 Notes, Class B Notes, Class C Notes and Class D Notes (collectively, the “Notes”) has been extended until 5:00 p.m. New York City time on June 21, 2011. AFT reserves the right to amend or terminate the Consent Solicitation for the Notes or further extend the expiration date at its sole discretion.

AFT also announced certain changes to the Proposed Amendments described in the Consent Solicitation Statement, dated May 17, 2011 (the “Consent Solicitation Statement”). The changes are set forth in a Supplement, dated June 14, 2011 (the “Supplement”), to the Consent Solicitation Statement, a copy of which has been posted on AFT’s website http://www.aftreports.com/reports/htm. Further, a complete set of Consent Solicitation materials (including the Supplement, the Consent Solicitation Statement and the Consent Form) is available from Global Restructuring Services, Inc., as information agent, the contact details of which are set out below.

The Proposed Amendments require the consents of the holders of at least a majority of the Outstanding Principal Balance of the Notes, voting as a single class (the “Requisite Consents”). As of May 16, 2011, the most recent Payment Date, the Outstanding Principal Balance of the Notes was $699,562,974.40. No fees will be paid by AFT to the Holders of any of the Notes in connection with the Consent Solicitation. The record date for the Consent Solicitation is 5:00 p.m., New York City time, on May 16, 2011.

Consents must be submitted to Global Restructuring Services, Inc., as tabulation agent, as soon as possible and no later than 5:00 p.m., New York City time, on June 21, 2011. Delivery of the original Consent Form which accompanied the Consent Solicitation Statement will satisfy the consent requirements pursuant to the Consent Solicitation. Holders who have previously delivered their Consent Forms pursuant to the Consent Solicitation are not required to take any further action. Holders who consented prior to the date of the Supplement may, but are not required to, withdraw or revoke their Consents.

Any questions concerning the terms of the Consent Solicitation may be directed to Jefferies & Company, Inc. as solicitation agent.