# AerCap and Safran sign 20-year joint venture for Shannon Engine Support

AerCap Holdings and Safran Aircraft Engines signed a 20-year joint venture agreement for Shannon Engine Support (SES), making SES a 50/50 joint company providing spare engine leasing for CFM International engines.

- Type: Partnership
- Announced: 2021-11-09
- Where: Ireland
- Status: announced
- Products: spare engine leasing for CFM56 and LEAP engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Safran](https://endata.com/companies/1270.md) (partner)
- [AerCap](https://endata.com/companies/20782.md) (partner)

## Sources

- [mrobusinesstoday.com](https://mrobusinesstoday.com/aercap-sings-joint-venture-agreement-with-safran/), 2021-11-09: "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."

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