Genesis, the Dublin-based aircraft leasing company, has announced a further expansion of their aircraft lease portfolio and customer base with the acquisition of one Airbus A321-200 aircraft from trading partner Avolon on lease to Privilege Style. The aircraft was built in 2008 for Qatar Airways and also served with Sri Lankan Airlines before being acquired by Privilege Style in April 2021. This marks the beginning of Genesis’ relationship with Privilege Style, a Spanish carrier servicing customers for over two decades, specialising in charter and longer-term ACMI contracts for leading regional and international airlines.
Commenting on the acquisition, Karl Griffin CEO of Genesis, Karl Griffin said, “Genesis is delighted to welcome Privilege Style as a new customer, and we look forward to expanding this relationship in the future. We believe that in a market with structural constraints that are limiting the supply of aircraft, the A321-200 is well positioned to deliver airlines a long-term advantage on narrow body routes due to superior seat capacity and range.”
Also commenting was the CEO of Privilege Style, Javier Ortiz stated: “It has been a pleasure to work with Avolon over the past few years and to be part of their family of partners. We look forward to working with them again in the future. Now, we are delighted to start this new phase with Genesis, with whom we are convinced that it will be the beginning of a long and productive relationship.
