Genesis Lease

Genesis LeaseCompany type| Subsidiary of General Electric

|

Traded as

| NYSE: GLS
Industry| Aircraft leasing
Defunct| March 25, 2010 (2010-03-25)
Fate| Merged with AerCap
Headquarters|

Shannon, County Clare

Ireland

Genesis Lease Limited (NYSE: GLS) was a global aircraft leasing company incorporated in Bermuda in July 2006 and had a successful IPO and New York Stock Exchange listing in December 2006. It was headquartered in Shannon, County Clare, Ireland. It acquired its initial portfolio of leased aircraft from GE Capital Aviation Services (GECAS), who continued to service the portfolio (collecting rentals, monitoring maintenance condition, etc.). On 25 March 2010 Genesis Lease Limited merged with AerCap Holdings N.V. (NYSE: AER) in an all share-for-share merger.[1]

Genesis stock was traded on the New York Stock Exchange as an American depositary receipt stock under the ticker GLS.

## References

[edit]

1. ^ Jacobs, Karen (25 March 2010). "UPDATE 1-AerCap completes acquisition of Genesis Lease". Reuters. Retrieved 3 December 2011.

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General Electric

Successor companies*|

* GE Aerospace (legal successor of GE)
* GE HealthCare
* GE Vernova

Former subsidiaries
and divisions|

* Australian Guarantee Corporation
* Canadian General Electric
* Compagnia Generale di Elettricità
* Current, powered by GE
* Electric Bond and Share Company
* GE Additive
* GE Aerospace (1960s)
* GE Americom
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* Tungsram
* United Nuclear Corporation
* Utah Construction Company
* Whatman

Joint ventures/
shareholdings|

| Current**|

* Baker Hughes (30%)
* CFM International (50%)
* Engine Alliance (50%)
* GE Hitachi Nuclear Energy (60%)
* GE Honda Aero Engines (50%)
* ProlecGE (49.99%)
* TBS GB

|

Former|

* Alco-GE (1940–53)
* NBC (1926–30, 1986–2004)
* NBCUniversal (2004–13)
* Penske Truck Leasing (15.5%)
* Wabtec

Products
and brands|

* Aircraft engines
* General Comprehensive Operating System
* GEnie
* Locomotives
* Mazda
* Reciprocating engines
* Trivection oven
* Tungsram

People|

| Founders|

* Charles A. Coffin
* Thomas Edison
* Edwin J. Houston
* J. P. Morgan
* Elihu Thomson

|

Executives|

* Jeff Immelt
* Jack Welch
* Bob Wright

Outside directors|

* James Cash Jr.
* John L. Flannery
* Ann M. Fudge
* Susan Hockfield
* Andrea Jung
* Rochelle Lazarus
* Sam Nunn
* Roger Penske
* Vera Silva
* Douglas A. Warner III

Places and
facilities|

* GE Building (30 Rockefeller Plaza)
* GE Building (570 Lexington Avenue)
* Nela Park
* Realty Plot
* Research Laboratory
* River Works
* Specialty Control Plant
* Switchgear Plant
* Welch Technology Centre

Sponsorship|

* Carousel of Progress (1964–65, 1967–73, 1975–85)
* Horizons at Epcot (1983–93)

Other|

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* * Following corporate split-up from 2023 to 2024
* ** Joint ventures before corporate split-up from 2023 to 2024

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Aircraft leasing companies

Current|

* AerCap Holdings N.V.
* Air Lease Corporation
* Air Transport Services Group Inc.
* Aircastle Limited
* AirTanker Services Limited
* ALAFCO
* Alliance Airlines Pty Limited
* Avation PLC
* Avion Express
* Avolon
* BBAM LLC
* BOC Aviation
* Boeing Capital
* Burnham Sterling and Company
* Dubai Aerospace Enterprise Ltd
* FLY Leasing
* Intrepid Aviation
* Kalara International Properties
* Lease Corporation International
* Libra Group
* Milestone Aviation Group
* Nomura Babcock & Brown Co. Ltd.
* Nordic Aviation Capital
* Saab Aircraft Leasing
* SkyWest, Inc.
* SMBC Aviation Capital

Defunct|

* GE Capital Aviation Services
* Genesis Lease Limited
* Guinness Peat Aviation

* Aviation
* Companies
* Aircraft leasing companies

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