Greensill Joins Forces with Intrepid on Aircraft Finance

September 29: Greensill Capital, the global financial services company specialising in structured finance, successfully financed a B747-F cargo plane on behalf of Intrepid Aviation.

The financing used the Greensill Aircraft Finance Structure, a solution borne out of the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital markets investors that are funding aircraft purchases from Boeing.

Launched in June 2017 by Marsh, the insurance broker and risk advisor, and Boeing, AFIC provides an alternative aircraft finance insurance product for aircraft deliveries and is underwritten by four leading global insurance companies: Allianz, AXIS Capital, Sompo International and Fidelis.

Lex Greensill, CEO and Founder of Greensill Capital, said: “Our greatest strength at Greensill is our ability to innovate with speed and efficiency to devise financing solutions that enable our clients to succeed. This aviation finance transaction is a first in both the cargo and lessor sectors for Greensill, and we are honoured to have found a new partner in Intrepid.”

Michael Lungariello,, CFO of Intrepid Aviation, said: “We are delighted to welcome Greensill as a new partner. This financing also represents the first private placement for the company, which further diversifies our funding sources.”