Genesis Lease

Genesis Lease Announces Availability of 2008 Annual Report

Wednesday 08 April 2009

SHANNON, Ireland, April 8, 2009 -- Genesis Lease Limited (NYSE: GLS) today announced that its annual report for the 2008 financial year, including its Form 20-F previously filed with the U.S. Securities and Exchange Commission on March 6, 2009, is available through the "Investor Relations" section of the Company's website at www.genesislease.com. Shareholders can also receive a hard copy of the report free of charge upon request by email to investor.relations@genesislease.com.

GLS-G

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' common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."

    CONTACTS:
    Genesis Lease Limited
    Alan Jenkins
    Chief Financial Officer
    +353 61 233 300
    alan.jenkins@genesislease.com

    KCSA Strategic Communications
    Jeffrey Goldberger / Marybeth Csaby
    Managing Partner / Vice President
    +1-212-896-1249 / 1236
    jgoldberger@kcsa.com / mcsaby@kcsa.com