Genesis Aircraft Services Limited has announced the expansion of its aircraft portfolio with the acquisition of twenty-eight Boeing and Airbus aircraft from Airspeed Limited, managed by SMBC Aviation Capital Limited. The portfolio consists of twenty-seven narrow body aircraft and one wide body aircraft on lease to 18 airlines.
“Building scale has been our focus since 2018 and with this recent acquisition of 28 in-service aircraft we have added 14 additional customers and embedded robust diversification by aircraft type, region and counterparty to our portfolio of 73 owned and managed aircraft.” said Karl Griffin, CEO of Genesis,
“We have built an excellent aircraft leasing platform which is delivering on our strategy of investing in liquid narrow-body passenger aircraft and maximising value across their life-cycle. Our team have deep multi-cycle knowledge of the aircraft leasing sector enabling us to underwrite larger, complex investments which deliver real value to our shareholders and positions Genesis to provide fleet solutions for our airline customers in the future.”