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

July 19, 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.

Jamie Jewell

+1 513.885.2282


Charles Soret

+33 (0)


Perry Bradley

+1 513 375 2597


Talal Ahmed Almahmood

+973 173 3819