Shannon Engine Support Limited(“SES”) has concluded a 9-year US$875mm secured engine portfolio financing in a club-deal involving eight banks. The engine portfolio consists of the latest technology LEAP-1A and LEAP-1B engines, designed to meet the challenge of decarbonizing air transport.
Julie Dickerson, CEO of SES, said “This landmark transaction marks a significant milestone for SES, with the completion of the largest engine financing deal in the market. It reaffirms the attractiveness of LEAP engines and further demonstrates the markets’ confidence in SES”.
Michael Moore, CFO of SES added “We are delighted to expand our partnership with our lenders in our first secured financing deal. We thank them for the confidence that they have placed in us.”
