Spare engine leaseback/leasing is becoming an increasingly important part of the aviation industry, so while it's not surprising that CFM owns a company in the business – Shannon Engine Support (SES) – it is a surprise that they've kept it hidden away for six years.
Over those six years, SES has experienced enormous growth, until today it has become the industry's leading lessor of CFM56 spare engines.
Speaking at the show, SES's managing director Roger Welaratne says: "The advantage we offer, over and above other companies, is guaranteed availability of CFM56s for short-term lease. With pools of engines worldwide, we have the flexibility to provide engines in a ready-to-install configuration within 24h."
Portfolio
SES has a portfolio of 130 CFM 56 engines, including the CFM56-3 for the Boeing 737-300/-400/-500; the CFM56-5A/B for the Airbus A320 family; the CFM56-5C for the Airbus A340; and the CFM56-7 for the 737-600/-700/-800/-900. The company supports 40 customers and a fleet of more than 360 aircraft worldwide.
Based at Shannon in Ireland, SES was formed in 1988 as a joint venture between aircraft leasing company Guinness-Peat Aviation (GPA) and CFM. In 1996 CFM bought GPA's shares, making SES a wholly-owned subsidiary. It has grown from a three-person company with a fleet of 13 CFM56 engines, until now it employs more than 20, including three in China.
Europe and China are the company's two largest markets, with the remaining customers in North America, Asia and Africa.
Source: Flight Daily News
