Genesis and WestJet Enter Purchase and Leaseback Agreement for 6 Boeing Aircraft

Genesis, the Dublin-based aircraft leasing company, announces the acquisition of six (6) Boeing 737-800 aircraft on a Purchase and Leaseback transaction with Calgary based WestJet. This transaction, a first between WestJet and Genesis, expands the Genesis portfolio with additional highly desirable 737-800 aircraft.

“I am delighted to welcome WestJet as a new customer to Genesis , and we look forward to further supporting WestJet as their fleet continues to grow over the coming years. The challenge accepted by Genesis was to deliver a turnkey Purchase and Lease back solution to West Jet by year end, and I’m very proud of how our team executed on this commitment ahead of the holidays.” commented Karl Griffin, CEO of Genesis

Aaron McKay, Vice-President Treasury and Fleet at WestJet, commented “With strong intentions to grow our 737 fleet in the coming years, we appreciate Genesis' support of WestJet's ongoing fleet plans and look forward to the future of this partnership."