September 30, 2013
SES expands portfolio with $375m LEAP engine purchase
Shannon Engine Support (SES) is expanding its extensive spare engine portfolio with the addition of a mix of 29 LEAP-1A/-1B engines, scheduled to begin delivery in 2016. The order is valued at more than $375m U.S. at list price. SES is the largest lessor of CFM56 and LEAP spare engines in the world. The company currently manages the CFM56 engine lease pool for the product support organization and will provide the same support for the LEAP engine family. Both CFM56 and LEAP engines are products of CFM International, a 50/50 joint company between Snecma (Safran) and GE.