Genesis Lease concludes aircraft sale to third party

Genesis announced that it has agreed to early terminate the lease of two Boeing 767-200 PCF (“Package Carrier Freighter”) aircraft with ABX Air Inc (“ABX”). As part of the same transaction, a third party has acquired one of the two aircraft from Genesis. ABX, which is based in Wilmington, Ohio, carries freight for a number of customers and the leases were originally set to expire in 2011.