Following AerCap's acquisition of the GE Capital Aviation Services business (GECAS), it has signed a 20-year joint venture agreement with Safran Aircraft Engines regarding Shannon Engine Support (SES). SES, a leading provider of spare engines for CFM International, is now a 50/50 joint company between AerCap and Safran.
SES, one of the largest lessors of CFM56 and LEAP engines, will continue to provide lease engine support to CFM and CFM operators. Aengus Kelly, CEO of AerCap, said, “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. This partnership extends our longstanding relationship with Safran, one of the world's leading aviation companies. We look forward to working with the team at Safran to drive continued success at SES.”
