Intrepid Aviation closes €34m PDP facility with BNP Paribas
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May 21st: Intrepid Aviation have closed a US $34m PDP (“Pre-Delivery Payment”) financing facility with BNP Paribas, New York, covering two A330 aircraft ordered from Airbus and delivering in 2014. This is Intrepid’s first financing facility with BNP Paribas. In late April the lessor closed a $100 million revolving PDP facility with Citi which is to be used to cover eight A330 aircraft ordered from Airbus, due to be delivered in 2014 and 2015.

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