2008-07-24 00:02:02 -

- Fitch Ratings has affirmed Triton Aviation Finance (Triton) as follows:

--Class A-1 notes affirmed at 'BB-';

--Class B-1 notes remain at 'C/DR6';

--Class B-2 notes remain at 'C/DR6';

--Class C-1 notes remain at 'C/DR6';

--Class C-2 notes remain at 'C/DR6'.

Fitch's analysis incorporated expected cash flow to be available to the trust over

the remaining life of the transaction. This expectation is based on several factors including aircraft age, current portfolio value, potential lease rates, and perceived liquidity of the portfolio. Lease rate and portfolio value expectations have been updated to reflect Fitch's views on certain aircraft given the aviation market volatility and significantly elevated fuel prices.

Triton was affirmed as it was found to have credit support consistent with its current ratings.

Fitch will continue to monitor this, and all, aircraft securitizations and update ratings as warranted.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings
Bradley Sohl, +1-312-368-3127 (Chicago)
Peter Manofsky, +1-312-368-2068 (Chicago)
Sandro Scenga, +1-212-908-0278
(Media Relations, New York)