Genesis acquires one A321-200 passenger aircraft on lease to Privilege Style

Global lessor welcomes established Charter/ ACMI airline as a new customer

27th June, 2024: Genesis, the Dublin-based aircraft leasing company, today announces a further expansion of their aircraft lease portfolio and customer base with the acquisition of one (1) Airbus A321-200 aircraft from trading partner Avolon on lease to Privilege Style. 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 stated “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.”

Javier Ortiz, CEO of Privilege Style, 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.