SES Continues To Expand And Improve Porfolio

August 18, 2003

SHANNON, Ireland August 18, 2003 As the industry's leading lessor of CFM56 spare engines, Shannon Engine Support (SES) continues to make substantial investments in its portfolio to provide customers with comprehensive, full-service spare engine support.

In July, SES expanded its fleet to include three CFM56-2C engines for DC-8 Super 70 aircraft. Earlier in the year, the company became the only spare engine lessor to offer CFM56-3 engines upgraded with the Time On Wing (TOW) package; CFM56-5B engines equipped with the advanced double annular combustor (DAC); and CFM56-7 engines rated for the Boeing Business Jet.

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.

SES is the third largest spare engine leasing company in the industry and is the leading lessor of CFM56 spares. In 2003, the SES customer base has grown by 35 percent and the company supports nearly 500 aircraft worldwide.

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, including CFM56-5A and CFM56-5B engines for the Airbus A320 family; CFM56-5C engines for the Airbus A340; CFM56-3 and CFM56-7 engines for Boeing 737 aircraft; and CFM56-2C engines for DC-8 Super 70s.

Jamie Jewell

+1 513.885.2282

Charles Soret

+33 (0)

Perry Bradley

+1 513 375 2597

Talal Ahmed Almahmood

+973 173 3819