Intrepid Aviation announced today the closing of its first Aircraft Finance Insurance Consortium (“AFIC”) backed financing for one 747-8 Freighter (747-8F) on lease to AirBridge Cargo Airlines. The financing was arranged and underwritten by ING Capital LLC and Apple Bank.

The transaction represents the first non-payment insurance backed financing ever closed by an operating lessor and further diversifies the Company’s banking group with the addition of ING Capital LLC.