Genesis Lease Declares Dividend On Its Common Shares

SHANNON, Ireland, Nov. 9, 2007 (PRIME NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) announced that its Board of Directors has declared a dividend of $0.47 per outstanding Common Share for the third quarter of 2007. The dividend is payable November 30, 2007 to shareholders of record as of the close of business on November 21, 2007. 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, allowing management to focus on executing its growth strategy. Genesis's 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 CONTACT: Genesis Lease Limited Alan Jenkins, Chief Financial Officer +353-61-233-300 Limerick, Ireland KCSA Worldwide Jeffrey Goldberger +1-212-896-1249 New York, NY 10017