Intrepid reports 2016 highlights

Intrepid has reported it 2016 activities, including core metrics and highlights, the company said.

The fleet remains one of the youngest in the industry with a 3.2 year weighted average age. Likewise the Intrepid portfolio has one of the longest weighted average lease-term remaining at 8.2 years. By September 30, the balance sheet grew to USD3.2 billion in assets, with additional committed aircraft through 2019.

The company signed leases for 7 A330-300s with Turkish Airlines, defined and managed the cabin reconfiguration program, and delivered the first aircraft to the airline ahead of schedule in December.

Two sales highlight the continued strong demand for long-term cash flows attached to twin-engine widebody aircraft. The sale of one Rolls-Royce powered A330-300 on long-term lease with Evelop Airlines to Banco Santander, and the sale of one Pratt & Whitney powered A330-300 on long-term lease with Asiana Airlines to a Floreat Group entity.

Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. The company focuses primarily on twin-engine widebody and large narrowbody equipment, such as the Airbus A330 & A321 and Boeing B777 & B787 families of aircraft.