Bermuda aircraft leasing company plans IPO

  • Aircraft provider: Philippine Airlines is one of Intrepid's customers

    Aircraft provider: Philippine Airlines is one of Intrepid's customers

Bermuda-domiciled aircraft leasing company Intrepid Aviation Ltd is planning an initial public offering of its shares.

Intrepid said in a press release yesterday that it has confidentially submitted a draft registration statement to US regulator the Securities and Exchange Commission for a possible IPO.

The number of shares of common stock to be sold and the price range for the proposed offering has not yet been determined.

The proposed offering is expected to commence after the SEC completes its review process, subject to market conditions and other conditions.

Intrepid, which is led by chief executive officer Frank Pray, says on its website that fleet consists of “young, fuel-efficient commercial jet aircraft”, manufactured by Boeing and Airbus.

It owns planes valued at around $1 billion and has another $1.7 billion of new aircraft committed for delivery this year and next year.

Intrepid’s customers include Alitalia, China Airlines, Philippine Airlines and Skymark, as well as other carriers based in Europe, Asia and Africa.

The firm is backed by two New York private-equity firms, Centrebridge Partners LP and Reservoir Capital Group LLC.

The Bermuda exempted company has offices in New York, Dublin and Singapore.

You must be registered or signed-in to post comment or to vote.

Published Aug 7, 2014 at 8:00 am (Updated Aug 6, 2014 at 7:39 pm)

Bermuda aircraft leasing company plans IPO

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts