Intrepid Aviation financed one new Boeing B777-300ER underwritten and arranged by Nord LB. The aircraft delivered December 11 on long-term lease to Philippine Airlines.

“We are delighted to expand our relationship with Nord LB and look forward to finding additional opportunities to work together,” said Oliver Geldner, Intrepid’s senior vice president of Corporate Finance.

“The closing of this financing concludes a very active and successful financing year for Intrepid in 2017,” said Mike Lungariello, Intrepid’s chief financial officer. “We have continued to diversify our commercial lending relationships, including the addition of new financing structures such as AFIC and build upon our excellent existing relationships.”

Intrepid Aviation is a privately held commercial aircraft lessor.