Intrepid is pleased to highlight that both Fitch Ratings and Kroll Bond Rating Agency (“KBRA”) have published the assignment of a long-term issuer rating of BB- with a Stable Outlook to Intrepid Aviation Group Holdings, LLC. Links to the separate reports issued this week and a full list of actions from Fitch and KBRA are included in this release.

“These inaugural published ratings are a significant milestone for Intrepid, one that underscores the strength of our assets, our balance sheet, and our platform,” stated Mike Lungariello, Intrepid’s Chief Financial Officer. “As we have highlighted in the past, Intrepid has a strongly performing book, best-in-class fleet metrics, no unplaced future aircraft commitments, and only a single lease maturity prior to 2022,” Mr. Lungariello concluded.

Fitch Ratings:

KBRA – Kroll Bond Rating Agency: