Genesis Lease Limited Schedules Third Quarter Earnings Conference Call for October...

Genesis Lease Limited Schedules Third Quarter Earnings Conference Call for
October 30, 2008

SHANNON, Ireland, Oct. 23, 2008 (GLOBE NEWSWIRE) -- Genesis Lease Limited
(NYSE:GLS) today announced that it plans to release its third quarter financial
results on October 30, 2008 before the market opens.

In connection with the earnings release, Genesis will host a conference call and
webcast for investors and analysts to discuss its results for the quarter on
Thursday, October 30, 2008, at 2:00 pm (GMT) / 9:00 am (Eastern Time) / 6:00 am
(Pacific Time).

Participants should call 877-856-1965 (United States/Canada) or 719-325-4810
(International) and request the Genesis Lease call or utilize the confirmation
code 7069408. A telephonic replay will be available for anyone unable to
participate in the live call. To access the replay, call 888-203-1112 (United
States/Canada) or 719-457-0820 (International) and enter confirmation code
7069408. The recording will be available from Thursday, October 30, 2008 until
Wednesday, November 6, 2008 at 11:59 p.m. (Eastern Time). A live broadcast of
the earnings conference call will also be available via the Internet at
http://www.genesislease.com under 'Investor Relations.' The webcast will be
archived on the site for one year.

About Genesis Lease Limited

Genesis Lease Limited is a global commercial aircraft leasing company that is
headquartered in Shannon, Ireland. Genesis acquires and leases modern,
operationally efficient passenger and cargo jet aircraft to a diverse group of
airlines throughout the world. Genesis leverages the worldwide platform of GE
Commercial Aviation Services Limited, or GECAS, to service its portfolio of
leases, allowing management to focus on executing its growth strategy.

Genesis' common shares, in the form of American Depositary Shares, are listed on
the New York Stock Exchange under the symbol "GLS."

The Genesis Lease Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4842

Caution Concerning Forward-Looking Statements

This press release includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to our plans,
objectives, expectations and intentions and other statements contained in this
release that are not historical facts as well as statements identified by words
such as "expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," or words of similar meaning. These statements are based on current
beliefs or expectations and are inherently subject to significant uncertainties
and changes in circumstances, many of which are beyond our control. Actual
results may differ materially from these expectations due to changes in global
political, economic, business, competitive, market and regulatory factors.

GLS-F

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CONTACT: Genesis Lease Limited
Alan Jenkins, Chief Financial Officer
+353-61-233300
alan.jenkins@genesislease.com

KCSA Worldwide
Jeffrey Goldberger, Managing Partner
+1-212-896-1249
jgoldberger@kcsa.com
Marybeth Csaby, Vice President
+1-212-896-1236
mcsaby@kcsa.com