SHANNON, Ireland, March 5, 2010 (GLOBE NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) ("Genesis") today announced the availability of its 2009 PFIC Annual Information Statement, which has been posted on its website at www.genesislease.com.
Genesis is a PFIC for U.S. Federal income tax purposes and therefore U.S. shareholders are subjected to special tax rules. U.S. shareholders are advised to consult their tax advisors with respect to this PFIC Annual Information Statement.
About Genesis Lease Limited
Genesis 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.
On September 17, 2009, Genesis entered into an amalgamation agreement with AerCap Holdings N.V. ("AerCap") whereby Genesis and AerCap will merge in an all share-for-share transaction. Genesis will become a wholly owned subsidiary of AerCap. The amalgamation is subject to approval by Genesis shareholders. A special general meeting has been scheduled for March 23, 2010.
Genesis' common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."
The Genesis Lease Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4842