MAY 1ST, 2014

NTREPID DELIVERS ONE NEW BOEING 787-8 AIRCRAFT TO LOT POLISH AIRLINES

Intrepid Aviation today announced the delivery of one new Boeing 787-8 aircraft to LOT Polish Airlines, through its first Sale and Leaseback transaction with the airline. The aircraft is powered by Rolls Royce Trent 1000-G engines and is subject to a long-term lease to the Warsaw based airline.

“We are delighted to be adding LOT Polish Airlines to our growing customer base, and look forward to a long term relationship”, said Franklin Pray, Intrepid’s President and Chief Executive Officer. “This landmark transaction marks Intrepid Aviation’s first Boeing 787-8 acquisition, further diversifying our rapidly growing widebody aircraft portfolio”.

“The Boeing 787 Dreamliner is a flag aircraft in LOT’s fleet. As a credible and reliable partner, we appreciate the cooperation with Intrepid, an experienced widebody lessor on the international market.” Said LOT CEO Sebastian Mikosz.