Intrepid Closes First AFIC Backed Financing

Intrepid Aviation has announced the closing of its first Aircraft Finance Insurance Consortium (“AFIC”) backed financing for one 747-8 Freighter (747-8F) on lease to AirBridge Cargo Airlines, the company said.

The financing was arranged and underwritten by ING Capital LLC and Apple Bank.

The transaction represents the first non-payment insurance backed financing ever closed by an operating lessor and further diversifies the company´s banking group with the addition of ING Capital LLC.

Intrepid Aviation is a privately held commercial aircraft lessor. Intrepid and its team of experienced professionals invest in and manage a fleet of modern, in demand commercial jet aircraft on long-term lease to airline customers worldwide. Intrepid is headquartered in Stamford with offices in Dublin and Singapore.

Reservoir Capital Group LLC. was established in 1998 as a privately held investment firm with a flexible, opportunistic investment approach and has over USD 5 billion in assets under management. Centerbridge Partners, LP is a private investment firm headquartered in New York City with approximately USD 25 billion in capital under management.