LEASE INVESTMENT FLIGHT TRUST 1100 North Market Street Rodney Square North Wilmington, Delaware 19890

$400,000,000 Class A-1 Floating Rate Asset Backed Notes Series 2001-1

$250,000,000 Class A-2 Floating Rate Asset Backed Notes Series 2001-1

$391,000,000 Class A-3 Floating Rate Asset Backed Notes Series 2001-1

$60,000,000 Class B-1 Floating Rate Asset Backed Notes Series 2001-1

$83,000,000 Class B-2 Fixed Rate Asset Backed Notes Series 2001-1

$69,000,000 Class C-1 Floating Rate Asset Backed Notes Series 2001-1

$72,000,000 Class C-2 Fixed Rate Asset Backed Notes Series 2001-1

Lease Investment Flight Trust ("LIFT"), a special-purpose Delaware business trust, issued the above classes of notes, which are registered under the Securities Act of 1933, as amended (the "Securities Act"), in the above aggregate principal amounts on December 18, 2001 in connection with an exchange offer (the "Exchange Offer") for corresponding classes of initial notes (the "Initial Notes") issued by LIFT on June 26, 2001 pursuant to a Rule 144A/Regulation S offering (the "Initial Offering"). LIFT also issued $35,000,000 aggregate principal amount of Class D-1 Notes and $25,000,000 aggregate principal amount of Class D-2 Notes pursuant to the Initial Offering. The Class D-1 and D-2 Notes, together with $10,000,000 of the Class A-2 Initial Notes and $34,000,000 of the Class A-3 Initial Notes which were not exchanged in the Exchange Offer, are not registered under the Securities Act and contain transfer restrictions. A copy of the Monthly Report to Noteholders with respect to each payment date and copies of LIFT's other periodic reports, including its financial statements, can be viewed by clicking on the following link: Report Links Please note that the information contained in these documents should be considered updated and superseded by the information contained in any such document which is dated as of a later date.