# AerCap and Safran form joint venture for Shannon Engine Support

AerCap and Safran Aircraft Engines have signed a 20-year joint venture agreement making Shannon Engine Support (SES) a 50/50 joint company. SES is the leading lessor of CFM56 and LEAP engines.

- Type: Partnership
- Announced: 2021-11-02
- Where: Shannon, Ireland, Ireland
- Status: completed
- Products: spare engines, CFM56 engines, LEAP engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Safran](https://endata.com/companies/1270.md) (partner)
- [Safran Aircraft Engines](https://endata.com/companies/3665.md) (partner)
- [AerCap](https://endata.com/companies/20782.md) (partner)
- [Shannon Engine Support](https://endata.com/companies/58500.md) (partner)
- [Shannon Engine Support](https://endata.com/companies/58500.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/aercap-and-safran-sign-joint-venture-agreement-for-shannon-engine-support-2021-11-02), 2021-11-02: "AerCap Holdings N.V. has announced that following its acquisition of the GE Capital Aviation Services business, it has signed a 20-year joint venture agreement with Safran Aircraft Engines regarding Shannon Engine Support."
- [aviationpros.com](https://www.aviationpros.com/aircraft-maintenance-technology/engines-parts/press-release/21244971/safran-group-aercap-and-safran-sign-joint-venture-agreement-for-shannon-engine-support), 2021-11-02: "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."
- [benzinga.com](https://www.benzinga.com/news/21/11/23837932/aercap-forms-jv-with-safran-for-shannon-engine-support), 2021-11-02: "SES will continue to provide lease engine support to CFM and CFM operators."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.