SES Generates More Than $60 Million In New Business In First Half Of 2006

July 17, 2006

FARNBOROUGH July 17, 2006 Solidifying its position as the industry's leading lessors of CFM56 spare engines, Shannon Engine Support (SES) has signed new agreements valued at more than $60 million and added 12 new customers during the first six months of 2006.

SES is a wholly owned subsidiary of CFM International, a 50/50 joint company between Snecma (Safran Group) and General Electric Company.

Through June of this year, SES signed new agreements that span its product offerings, including guaranteed availability, short-term, long-term, and operating leases for CFM56-2C, CFM56-3, CFM56-5A, CFM56-5B, and CFM56-7B engines. These contracts will generate in excess of $60 million over the life of the agreements.

Low-cost carriers, mainline airlines, start-ups, and service providers from around the globe have turned to SES for their CFM56 spare engine requirements.

SES provides flexible, cost-effective engine leasing solutions, tailored to operators' specific requirements and can deliver engines in a ready-to-install configuration within 24 hours from pool locations around the globe. In additional to spare engine leasing, the company can provide transport and logistical support; on-wing support services; spare stand and bootstrap kits; test cell validation; management of redelivery work; and access to CFM56 technical support resources either directly or through its service partners. By 2010, SES will expand its current portfolio to more than 250 engines. Visit us on the Web at

Jamie Jewell

+1 513.885.2282

Charles Soret

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Perry Bradley

+1 513 375 2597

Talal Ahmed Almahmood

+973 173 3819