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16 years ago
Genesis Lease Presentation from J.P. Morgan Aviation & Transportation Conference Available on Company Website
SHANNON, Ireland, March 10 /PRNewswire-FirstCall/ -- Genesis Lease Limited (NYSE:GLS) today announced that John McMahon, Chief Executive Officer, will make a presentation at the J.P. Morgan Aviation & Transportation Conference on Tuesday, March 10, 2009 at 3:00 p.m. Eastern Time at the J.P. Morgan Conference Center at 383 Madison Avenue in New York City. The presentation slides will be available on the "Events & Recent Company Announcements" section of the Genesis Lease website at http://www.genesislease.com/ at 4:00pm Eastern Time today.
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16 years ago
Genesis Lease Declares Dividend on Its Common Shares
Wednesday February 25, 2009, 10:20 am EST
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SHANNON, Ireland, Feb. 25 /PRNewswire-FirstCall/ -- Genesis Lease Limited (NYSE: GLS - News) announced that its Board of Directors declared a dividend of $0.10 per outstanding Common Share for the fourth quarter of 2008. The dividend is payable on March 23, 2009 to shareholders of record as of the close of business on March 11, 2009.
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Symbol Price Change
GLS 2.51 -0.34
About Genesis Lease Limited
Genesis Lease Limited is a global commercial aircraft leasing company that is headquartered in Shannon, Ireland. Genesis acquires and leases modern, operationally efficient passenger and cargo jet aircraft to a diverse group of airlines throughout the world. Genesis leverages the worldwide platform of GE Commercial Aviation Services Limited, or GECAS, to service its portfolio of leases.
Genesis's common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."
GLS-F
Contact Information
For further information please contact:
Alan Jenkins
Chief Financial Officer
Genesis Lease Limited
Shannon, Ireland
Tel: +353-61-233-300
alan.jenkins@genesislease.com
Jeffrey Goldberger
KCSA Worldwide
New York, NY 10017
Tel: +1-212-896-1249
jgoldberger@kcsa.com
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16 years ago
Genesis Lease profit rises 67 percent
Aircraft leasing company Genesis Lease reports 67 percent rise in 4Q earnings
Wednesday March 4, 2009, 2:43 pm EST
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SHANNON, Ireland (AP) -- Aircraft-leasing company Genesis Lease Ltd. said Wednesday its fourth-quarter profit rose 67 percent, helped by an increase in revenue and a gain from buying back securitized debt.
Chief Executive John McMahon said the company amended a $1 billion credit facility to resolve a dispute with lenders over covenants. The changes will lead to higher fees but confirm access to borrowing, he said.
Genesis said it earned $10.7 million, or 30 cents per share in the quarter, compared with $6.4 million, or 18 cents per share, a year earlier.
The profit included a gain of $6 million from the repurchase of securitization debt, offset by a cost of $6.4 million for termination of leases including downtime and cost of re-marketing them and other items.