Intrepid Aviation (company)

This article is about the international aircraft leasing company. For the vintage aircraft museum and business, see Intrepid Aviation.

Intrepid Aviation is a commercial aircraft leasing company primarily focused on young, modern, fuel-efficient wide-body aircraft and larger narrowbody aircraft. It has offices based in Dublin, Ireland and Stamford, Connecticut, United States.^[4]

Intrepid Aviation

Company type	Private
Industry	Aviation Leasing
Founded	1994[1]
Founder	Ron Anderson[1]
Headquarters	Stamford, Connecticut, United States[2]
Key people	Doug Winter, CEO Michael Lungariello, CFO Brian Rynott, CIO Daniel Perez, COO Thomas Schmid, General Counsel[3]
Services	Commercial Aircraft Leasing
Website	Official website

Its current portfolio consists of aircraft such as the Airbus A330, Airbus A321, Boeing 777-300ER and Boeing 787 Dreamliner. Intrepid has purchase commitments from Boeing for six 777-300ER aircraft.^[5] It is owned by Centerbridge Partners and Reservoir Capital Group.^[6]

History

Intrepid Aviation was founded by^[7] Ron Anderson, a 20-year employee of FedEx, in 1994 and was originally based in Memphis, Tennessee. The company started by buying used passenger aircraft and having them converted into cargo aircraft for leasing.^[1] In 2007, Intrepid placed an order for 20 Airbus A330-200 freighter aircraft. During the 2008 financial crisis, Intrepid had to negotiate delaying deliveries by three years.^[1]

The company subsequently reconstituted its management team and relocated its corporate headquarters to Stamford, CT. In 2014, the company filed for an IPO with a fundraising target of $150 million.^[2][6] The company currently has equity commitments of up to $650 million from existing shareholders.,^[8] and raised $215 and $120 million in bonds on 2014 and 2015, respectively. In August 2015, Olaf Sachau was appointed as its CEO and Doug Winter as its President.^[1]

Fleet

The Intrepid Aviation fleet includes passenger aircraft such as the Airbus A330-300, Airbus A330-200, Airbus A321-200, Boeing 777-300ER and Boeing 787-8 Dreamliner. As of December 31, 2015, Intrepid had 29 aircraft in its fleet.^[9]

The company has 13 airline customers in 11 different countries, including Alitalia, Air Namibia, Asiana Airlines, LOT Polish Airlines, China Airlines, Air France, Thai Airways, Sichuan Airlines, Philippine Airlines, EVA Air, Cebu Pacific, and Ethiopian Airlines. Turkish Airlines will become a new customer later in 2016.^{[2][6][10][11][12][13]}

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