News
AerCap and Safran seal joint venture for Shannon Engine Support
November 3rd 2021
AerCap Holdings has signed a 20-year joint venture agreement with Safran Aircraft Engines (Safran) involving a half share each in Shannon Engine Support (SES). Read More » SES is the leading provider of spare engines for CFM International and the world’s biggest lessor of CFM56 and LEAP engines. It will continue to provide lease engine support to CFM and CFM operators. "The SES business is a great fit within the AerCap portfolio, with similar expertise, common assets and a complementary customer base to our wholly owned engine leasing business,’’ said AerCap CEO, Aengus Kelly. “This partnership extends our longstanding relationship with Safran, one of the world's leading aviation companies.” Safran Aircraft Engines CEO, Jean-Paul Alary, said the joint venture would be a key asset in supporting the company’s CFM operators.
