Intrepid Aviation (company)

Intrepid Aviation
Private
Industry Aviation
Founded 1994[1]
Founder Ron Anderson[1]
Headquarters Stamford, CT[2]
Key people
 Olaf Sachau, CEO; Michael Lungariello, CFO[3]
Services Commercial Aircraft Leasing
Website Official website

Intrepid Aviation is an international aircraft leasing company which leases twin-engine, wide-body aircraft to airlines throughout the world. It has offices based in Dublin, Stamford, Connecticut, and Singapore.[4][4]

Its portfolio consists of aircraft such as the Airbus A330, Boeing 777-300ER and Boeing 787 Dreamliner. Intrepid has purchase commitments from Airbus and Boeing with an accumulated value of $4.7 billion,[4] including a 2007 order for 20 Airbus SAS A330-200 freighters,[1] and a 2014 order for 6 Boeing 777-300ER.[5] It is owned by Centerbridge Partners and Reservoir Capital Group.[6]

History

Intrepid Aviation was founded by Ron Anderson in 1994. The company started by buying used passenger planes and having them converted into cargo freighters for leasing.[1] During the 2008 Financial Crisis, Intrepid had to negotiate delaying deliveries by three years.[1]

In 2014, the company filed for an IPO with a fundraising target of $150 million.[6][2] The Company currently has equity commitments of up to $650 million from existing shareholders.[7] Olaf Sachau is its CEO.[1]

Fleet

The Intrepid Aviation fleet includes passenger aircraft such as the Airbus A330-300 and Airbus A330-200, Boeing 777-300ER and Boeing 787-8 Dreamliner. It also owns A321-200 narrow-body aircraft.[8]

The company's customers include Alitalia, China Airlines, Air France, KLM, Thai Airways, Sichuan Airlines, Philippine Airlines, EVA Air, Cebu Pacific, and Ethiopian Airlines, in a market where 40% of all commercial aircraft is under lease, compared to less than 2 percent in 1980.[9][6][2][10][11][12]

Intrepid leased several Airbus A330 aircraft to Japanese low-cost carrier Skymark Airlines, and became the largest creditor of Skymark when the airline filed for bankruptcy protection in 2015.[13]

References

  1. 1 2 3 4 5 6 Epley, Cole. "Out from under the radar". Memphis Business Journal. Memphis Business Journal. Retrieved 13 April 2015.
  2. 1 2 3 Dimri, Neha. "Aircraft leasing co Intrepid Aviation files for IPO". Reuters. Reuters. Retrieved 13 April 2015.
  3. ↑ "Executive Team". Intrepid Aviation. Intrepid Aviation. Retrieved 13 April 2015.
  4. 1 2 3 "About Intrepid". Intrepid Aviation. Intrepid Aviation. Retrieved 13 April 2015.
  5. ↑ Hepher, Tim. "Intrepid Aviation orders six Boeing 777-300ER". Reuters. Reuters. Retrieved 14 April 2015.
  6. 1 2 3 "Bermuda aircraft leasing company plans IPO". The Royal Gazette. The Royal Gazette. Retrieved 13 April 2015.
  7. ↑ "FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933". UNITED STATES SECURITIES AND EXCHANGE COMMISSION. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Retrieved 16 April 2015.
  8. ↑ "Intrepid's Fleet". Intrepid Aviation. Intrepid Aviation. Retrieved 13 April 2015.
  9. ↑ Halpin, Padraic. "UPDATE 2-Avolon IPO values aircraft lessor at up to $1.86 bln". Reuters. Reuters. Retrieved 13 April 2015.
  10. ↑ ARNASON, GULLI. "Skymark Airlines takes delivery of Airbus A330-300 from Intrepid Aviation". Financial News. Financial News. Retrieved 13 April 2015.
  11. ↑ Van Wagenen, Juliet. "Taiwan’s Intrepid Aviation Acquires Airbus A330". Aviation Today. Aviation Today. Retrieved 13 April 2015.
  12. ↑ "Intrepid Aviation delivers Airbus A330-300 to Sichuan Airlines". Stamford Advocate. Stamford Advocate. Retrieved 14 April 2015.
  13. ↑ Shiraki, Maki (1 June 2015). "Skymark's top creditor says looking for sponsor other than ANA". Reuters. Retrieved 3 June 2015.

External Links


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