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Genesis Lease shareholders approve merger with AerCap Holdings

Direct News Source

23-Mar-2010 All Share Transaction to Create World's Leading Independent Aircraft Leasing Company by Fleet Size and Value

Genesis Lease Limited (NYSE:GLS) ("Genesis") today announced that it has received shareholder approval for its proposed merger with AerCap Holdings N.V. (NYSE:AER) ("AerCap"). More than 70% of the Genesis common shares issued and outstanding as of the record date were voted and, of the votes cast, more than 97% were voted in favor of the merger.

Genesis anticipates that the transaction will close on Thursday, March 25, 2010. Genesis shareholders will receive one AerCap ordinary share for every Genesis common share they own. Following the closing of the transaction, the combined company will retain the name AerCap.