SES Signs Two New Long-Term Spare Engine Agreements

July 19, 2004

FARNBOROUGH, July 19, 2004 Shannon Engine Support (SES) has signed guaranteed availability contracts with two new customers.

SES will provide CFM56-3 spare engine support to Estonian Air for its fleet of five Boeing 737-500 aircraft under the terms of a new three-year contract. In addition, Central European Engine Services, a service shop located in Warsaw, Poland, has signed a three-year agreement for spare engines to support three 737-400 aircraft in service with its customer, Air Polonia.

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, the third largest spare engine leasing company in the industry and the leading lessor of CFM56 spare engines, grew its customer base by 35 percent in 2003 and now supports nearly 600 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, includes 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

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Perry Bradley

+1 513 375 2597

Talal Ahmed Almahmood

+973 173 3819