Genesis to acquire six 737-800 on purchase and leaseback agreement

Dublin-based aircraft lessor Genesis will acquire six 787-800 aircraft on a purchase and leaseback agreement transaction with Calgary-based airline WestJet. “The challenge accepted by Genesis was to deliver a turnkey purchase and lease back solution to WestJet by year end,” said Genesis CEO Karl Griffin, “and I’m very proud of how our team executed on this commitment ahead of the holidays.” “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,” said Aaron McKay WestJet vice president treasury and fleet.