Intrepid Finances One Airbus A330-300 with DVB Bank and One Airbus A330-300 with Credit Agricole CIB

STAMFORD, Conn.—(BUSINESS WIRE)—Intrepid Aviation today announced the financing of one new Airbus A330-300 with DVB Bank. The aircraft delivered December 18 on long-term lease to Evelop Airlines.

In addition, Intrepid Aviation also announced the financing of a second new Airbus A330-300 on long-term lease to EVA Airways. The transaction was arranged by Credit Agricole CIB as Mandated Lead Arranger and included Korean Development Bank as Arranger as well as Mega International Commercial Bank and Taipei Fubon Commercial Bank as Lenders. The aircraft delivered December 22.

“We are happy to add another two attractive long-term financings with DVB and the Credit Agricole led syndicate, and look forward to finding additional opportunities to work together,” said Oliver Geldner, Intrepid’s Vice President of Corporate Finance.

“The closing of the latest DVB and Credit Agricole financings conclude a very active and successful financing year for Intrepid in 2015,” said Mike Lungariello, Intrepid’s Chief Financial Officer. “We have continued to diversify our commercial lending relationships and build upon our excellent existing relationships.”