SHANNON, Ireland, March 25, 2008 (PRIME NEWSWIRE) -- Genesis Lease Limited (NYSE:GLS) today announced the availability of its 2007 year-end tax information. Genesis Lease Limited is structured as a 'passive foreign investment company,' or PFIC, for U.S. Federal income tax purposes, and therefore, U.S. holders are subjected to special tax rules.
Genesis will maintain a policy of posting the PFIC annual shareholder information statement on its corporate website at www.genesislease.com to assist U.S. holders in their tax reporting.
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."
The Genesis Lease Limited logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4842
Caution Concerning Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to our plans, objectives, expectations and intentions and other statements contained in this release that are not historical facts as well as statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," or words of similar meaning. These statements are based on current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.
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