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Genesis Lease Limited (GLS)

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4230 Atlantic Avenue
Westpark
Shannon,
Ireland - Map
Phone: 353 6 123 3300
Fax: 353 6 136 4642
Web Site:
http://www.genesislease.com

DETAILS
Index Membership: N/A
Sector: Services
Industry: Rental & Leasing Services
Full Time Employees: NaN


BUSINESS SUMMARY

Genesis Lease Limited, an aviation company,
engages in the acquisition and leasing of commercial jet aircrafts and other aviation assets worldwide.
Its aircraft are leased under long-term contracts to a diverse group of airlines.
As of December 31, 2008, the company's portfolio consisted of 54 aircraft,
including 50 in operation with 34 airlines located in 19 countries.
Genesis Lease Limited was founded in 2006, incorporated in Bermuda ,
 and is
headquartered in Shannon, Ireland.

We acquire and lease high-utility commercial jet aircraft to passenger and cargo airlines around the world.
Our focus is on modern, operationally efficient jets with large operator bases and long useful lives.

We employ the worldwide platform of GE Commercial Aviation Services (GECAS) to service our portfolio of leases,
allowing our management to focus on executing our growth strategy.
GECAS is one of the world’s leading servicers of commercial aircraft,
with a portfolio that includes more than 1,400 owned aircraft and almost 300 managed aircraft.
It has relationships with more than 225 airline customers in over 70 countries and operates through 23 global offices.

Our management team has extensive experience in aircraft finance and leasing,
business development and all aspects of aircraft asset management.

The aviation industry has experienced an increasing trend towards "leasing-in" capacity
whereby airlines are leasing a portion of their aircraft fleets from third parties rather than purchasing the aircraft.
Leased-in aircraft accounted for approximately 33% of all airlines fleet capacity in 2005 compared to approximately 3% in 1980
and is set to grow significantly over the next decade.

Shares Outstanding:
34.34 million
Dec. 31
                                                                                         
                                 

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