Aircraft leasing firm Genesis hails profit growth of more than a third

GENESIS LEASE, the Shannon-based aircraft leasing firm, said net profits rose by more than a third in 2007.

The company, which is listed on New York’s Nasdaq stock market, said profits rose to $39.2 million (€26.6m) from $28.8m in 2006.

The increase in profits came as revenues from renting out its fleet of aircraft rose to $181.3m from $153.2m.