Shannon Engine Support Limited (SES), a 50/50 joint venture between AerCap and Safran, has successfully closed an $800 million secured term loan facility with thirteen internationally renowned aviation banks, marking another milestone in engine financing. This brings total finance raised by SES in 2025 to $2.2 billion.
SES is the largest CFM specialized engine lessor globally. Its spare engine pools are strategically located worldwide to efficiently support airlines operating CFM-powered aircraft. The financing will drive the expansion of CFM LEAP-1A and LEAP-1B portfolios – the latest fuel-efficient technology powering Airbus A320 Neo and Boeing 737 Max families. This further strengthens SES’s ability to deliver efficient and flexible engine solutions to the global aviation industry.
Denise Mangan- Fahy, CEO of SES, said “With this financing, SES continues to build a robust platform for growth. The confidence shown by our banking partners affirms our position as the leading CFM engine lessor and enables us to further expand our LEAP portfolio.”
Credit Agricole CIB (CA-CIB) and Natixis acted as joint bookrunners and mandated lead arrangers. Bank of America, BNP Paribas, CIC, NatWest, and Société Générale acted as mandated lead arrangers. Bank of China, Bank of Ireland, Commonwealth Bank Australia, First Citizens Bank, Korea Development Bank, and KfW IPEX Bank acted as lead arrangers. CA-CIB acted as facility agent and security trustee.
Norton Rose Fulbright US and McCann FitzGerald advised the lenders. Clifford Chance US and Mason Hayes & Curran advised SES. IBA is the appraiser.
