Genesis Lease (GLS) Secures 11-Year A320-200 Financing
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Genesis Lease Limited (NYSE: GLS) announced that it has secured long-term bank debt from KfW IPEX-Bank in Germany to finance an Airbus A320-200 aircraft leased to Deccan Aviation Limited ('Deccan') of Bangalore, India until 2019.
Alan Jenkins, chief financial officer of Genesis Lease, said, "The financing of this popular, latest generation, fuel efficient aircraft on a long-term basis at attractive pricing is significant because it demonstrates both the continuing availability of such financing and our ability to secure attractive financing in today's market."
Genesis acquires and leases modern, operationally efficient passenger and cargo jet aircraft to a diverse group of airlines throughout the world.
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