DECEMBER 13TH, 2016
Intrepid Finances Second B777-300ER Delivery
STAMFORD, Conn.—(BUSINESS WIRE)—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 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.