Intrepid Aviation has closed its first Aircraft Finance Insurance Consortium (AFIC) backed-financing for one 747-8 Freighter (747-8F) on long-term lease to AirBridge Cargo Airlines. The financing was arranged and underwritten by ING Capital and Apple Bank. This is the second of two new 747-8F aircraft that Intrepid acquired from Boeing and leased to ABC this year. The transaction represents the first non-payment insurance backed financing ever closed by an operating lessor and further diversifies Intrepid’s banking group with the addition of ING Capital. Available exclusively through Marsh, AFIC provides an alternative aircraft finance insurance product for new aircraft deliveries and
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