GOL Signs Two-Year CFM56-3 Lease Agreement with SES

Published on 18th July 2004



FARNBOROUGH, July 19, 2004 Gol Transportes Aereos has signed a two-year lease agreement with Shannon Engine Support (SES) for a CFM56-3 spare engine.

SES is a wholly owned subsidiary of CFM International (CFM). CFM, a 50/50 joint company between Snecma Moteurs (Safran Group) and General Electric Company, produces the world's best-selling commercial engine product line, the CFM56 family.

Gol, based in Sao Paolo, Brazil, began operations in January 2001 and is already one of the world's most profitable low-cost carriers. The airline currently operates more than 150 flights daily on 29 domestic Brazilian routes.

SES provides flexible, cost-effective engine leasing solutions, tailored to operators' specific requirements. With pools of engines worldwide, the company can provide engines in a ready-to-install configuration within 24 hours. SES also offers short-term engine leases, operating leases, sale/leaseback, and engine trading. Additional services SES can provide, directly or through its service partners, include: transport and logistical support; on-wing support services; spare stand and bootstrap kits; test cell validation; management of redelivery work; and access to CFM technical support resources.

The company manages 160 CFM56 engines and has continued to invest in its portfolio. In addition to CFM56-3, CFM56-5A, CFM56-5B, CFM56-5C, and CFM56-7 engines, SES is the only lessor to provide CFM56-2C spare engines for DC-8 Super 70 aircraft, CFM56-3 engines with the Advanced Upgrade package; CFM56-5B engines equipped with the advanced double annular combustor (DAC), and CFM56-7B engines rated for the Boeing Business Jet.

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About CFM International

A 50/50 joint venture between GE Aerospace and Safran Aircraft Engines, CFM International has redefined international cooperation and helped change the course of commercial aviation since its founding in 1974. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership. CFM International produces the LEAP family of engines and supports LEAP and CFM56 fleets for operators worldwide.

www.cfmaeroengines.com

Contact

Charles Soret

+33 6.31.60.96.79

charles.soret@safrangroup.com

Nathan Hicks

+1 513 283 7495

nathan.hicks@ge.com