STAMFORD, Conn.--(EON: Enhanced Online News)--Intrepid Aviation today announced the financing of its second B777-300ER from its current orderbook. The aircraft delivered on December 12th and is on long-term lease to Philippine Airlines. The transaction was arranged by Natixis and financed by Natixis, Philippine National Bank, BOT Lease, NEC Capital and Far Eastern International Bank as Lenders.
“This financing represents another important milestone for the business as we continue to diversify our funding base”
“This financing further expands our financing relationships with existing and new lenders. We are very thankful for the continued trust we receive from our banking partners and welcome BOT Lease, NEC Capital and Far Eastern International Bank to Intrepid,” said Oliver Geldner, Intrepid’s Senior Vice President of Corporate Finance.
“This financing represents another important milestone for the business as we continue to diversify our funding base,” said Mike Lungariello, Intrepid’s Chief Financial Officer.
ABOUT INTREPID AVIATION
Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody and large narrowbody equipment, such as the Airbus A330 & A321 and Boeing B777 & B787 families of aircraft.
ABOUT INTREPID AVIATION’S SHAREHOLDERS, RESERVOIR CAPITAL & CENTERBRIDGE PARTNERS
Reservoir Capital Group LLC. was established in 1998 as a privately held investment firm with a flexible, opportunistic investment approach and has approximately $7 billion in assets under management. – Centerbridge Partners, LP. is a private investment firm headquartered in New York City with approximately $25 billion in capital under management.
For more information on Intrepid Aviation, www.intrepidaviation.com