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.

AerCap Holdings N.V. entered a 20-year joint venture agreement with Safran Aircraft Engines to acquire 50% of Shannon Engine Support, making SES a 50/50 joint company between AerCap and Safran.