6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities
Exchange Act of 1934

Date of Report: April 3, 2007

Genesis Lease Limited

(Exact Name of registrant as specified in its charter)

Roselawn House
University Business Complex
National Technology Park
Limerick, Ireland

(Address of principal executive offices)

Indicate by check mark whether registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F x Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):                   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):                   

Indicate by check mark whether registrant by furnishing the information contained in this Form is also thereby furnishing the information to the commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                   .

The following documents, which are attached as exhibits hereto, are incorporated by reference herein:
Exhibit	Title
99.1	PFIC Annual Information Statement
99.2	Press release of Genesis Lease Limited, dated April 2, 2007.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Genesis Lease Limited
		(Registrant)
Date:	April 3, 2007	By:	/s/  John McMahon
			John McMahon Chairman, President and Chief Executive Officer

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EX-99.1

April 2, 2007

To Our U.S. Shareholders

Genesis Lease Limited
Roselawn House
National Technology Park
Limerick,
Ireland

For the year ended December 31, 2006

PFIC ANNUAL INFORMATION STATEMENT

This statement is provided for shareholders who are United States persons. It is not relevant to other persons. In order to complete Form 8621, we provide the following information:

PFIC Name:	Genesis Lease Limited
PFIC Address:	Roselawn House
	National Technology Park
	Limerick
	Ireland
EIN:	98-0512319
Tax Year:	July 17, 2006 – December 31, 20061

¹ Genesis Lease Limited was incorporated on July 17, 2006. Genesis Lease Limited has adopted the Calendar year for U.S. tax purposes. Under applicable U.S. income tax principles, Genesis’s first tax year begins on the date of incorporation and ends on December 31, 2006. Genesis Lease Limited did not have any business activity prior to the date of the Initial Public Offering of December 19, 2006.

PFIC Annual Information Statement

(1).	This Information Statement applies to the taxable year of Genesis Lease Limited (“Genesis”), on a combined basis with its subsidiaries, beginning on July 17, 2006 and ending on December 31, 2006 (the “Taxable Year”).
(2).	Your pro-rata share of the ordinary earnings and net capital gain of Genesis for the taxable year, specified in paragraph (1), is as follows:
	Ordinary Earnings: NONE
	Net Capital Gain: NONE
(3).	The amount of cash and fair market value of other property distributed or deemed distributed by Genesis during the taxable year specified in paragraph (1) is as follows:
	Cash: NONE
	Fair Market Value of Property: NONE
(4).	Genesis will permit you to inspect and copy Genesis’s permanent books of account, records, and such other documents as may be maintained by Genesis that are necessary to establish that Genesis’s ordinary earnings and net capital gain are computed in accordance with U.S. income tax principles and to verify these amounts and your pro rata shares thereof.

Date: April 2, 2007	Genesis Lease Limited
	By:	/s/ John McMahon
	Title:	CEO

THIS INFORMATION IS PROVIDED IN ORDER TO ASSIST THOSE SHAREHOLDERS WHO HAVE MADE A QEF ELECTION WITH RESPECT TO GENESIS LEASE LIMITED IN MAKING CERTAIN PFIC CALCULATIONS AND DOES NOT CONSTITUTE TAX ADVICE. THOSE SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN TAX ADVISORS CONCERNING THE OVERALL TAX CONSEQUENCES OF THE OWNERSHIP OF SHARES ARISING IN THEIR OWN PARTICULAR SITUATIONS UNDER UNITED STATES FEDERAL, STATE, LOCAL AND FOREIGN LAW.

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EX-99.2

Passive Foreign Investment Company Letter Now Available On Genesis Lease Corporate Website

2006 Annual Report Filed With the Securities and Exchange Commission

LIMERICK, Ireland, April 2, 2007 - Genesis Lease Limited (NYSE:GLS) today announced the availability of its 2006 year-end tax information. Genesis Lease Limited is structured as a 'passive foreign investment company,' or PFIC, for U.S. Federal income tax purposes, and therefore, U.S. holders are subjected to special tax rules. Genesis will maintain a policy of posting the PFIC annual shareholder information statement on its corporate website at http://www.genesislease.com/ to assist U.S. holders in their tax reporting.

Genesis also announced the availability of its 2006 Annual Report on Form 20-F, which was filed on April 2, 2007 with the Securities and Exchange Commission.

About Genesis Lease Limited

Genesis Lease Limited is a global commercial aircraft leasing company that is headquartered in Limerick, 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's common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."

Alan Jenkins
Chief Financial Officer
Genesis Lease Limited
+353-61-633365
alan.jenkins@genesislease.com

KCSA Worldwide
Managing Partner
Jeffrey Goldberger
212-896-1249
jgoldberger@kcsa.com