Fitch Issues Presale on Willis Engine Securitization Trust 2005-1

Business Wire, July 14, 2005

CHICAGO -- Fitch Ratings has issued a presale report on Willis Engine Securitization Trust, series 2005-1 (WEST 2005-1). The $200 million of offered notes will be backed by leases on aircraft engines originated by Willis Lease Finance Corp (Willis).

The WEST 2005-1 transaction is Willis' first term securitization of aircraft engine leases.

The presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at 212-908-0800 or at webmaster@fitchratings.com.

Fitch's rating definitions are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.