Intrepid Aviation acquired a new 777-300ER aircraft from Boeing. The aircraft was delivered on long-term lease to Philippine Airlines (PAL).

“Intrepid and PAL enjoy a strong partnership and this latest 777-300ER will be deployed into service immediately to capitalize on growth opportunities across its global network, including London,” said Dan Perez, Intrepid’s chief operating officer.

Intrepid Aviation is a privately held commercial aircraft lessor.