LIMERICK, Ireland, March 27, 2007 (PRIME NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) announced that its Board of Directors today declared a dividend of $0.53 per outstanding Common Share for the period from the completion of its initial public offering on December 19, 2006 to March 31, 2007. The dividend is payable May 10, 2007 to shareholders of record as of the close of business on April 24, 2007. The dividend reflects a quarterly dividend of $0.47 per share, plus an incremental amount of $0.06 to reflect the slightly longer period.
About Genesis Lease Limited
Genesis Lease Limited is a global commercial aircraft leasing company that is headquartered in Limerick, 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, allowing management to focus on executing its growth strategy.
Genesis' common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."