Genesis (CLS) Terminates Aircraft Lease with ABX Air
Genesis (NYSE: GLS) today announced that it has agreed to early terminate the lease of two Boeing 767-200 PCF aircraft with ABX Air Inc. As part of the same transaction, a third party has acquired one of the two aircraft from Genesis. ABX, which is based in Wilmington, Ohio, carries freight for a number of customers and the leases were originally set to expire in 2011.
"The transaction is mutually beneficial. Genesis achieved the sale of one of its older aircraft and ABX will benefit from the early termination of leases on two of its aircraft," commented Cian Dooley, Chief Commercial Officer of Genesis.
"The transaction is mutually beneficial. Genesis achieved the sale of one of its older aircraft and ABX will benefit from the early termination of leases on two of its aircraft," commented Cian Dooley, Chief Commercial Officer of Genesis.
You May Also Be Interested In
- Auxilium (AUXL) Files Suit Against Watson (WPI) Over Testim 1% Gel
- HeartWare (HTWR) Publishes Encouraging Data from ADVANCE in Advanced Heart Failure
- Pacific Drilling (PACD) Receives 1-2 Year Contract Extension for Pacific Scirocco From Total (TOT) Subsidiary
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
