INTREPID LEASES ONE AIRBUS A330-300 TO ASIANA AIRLINES

Intrepid Aviation today announced the lease of one (1) Airbus A330-300 aircraft, powered by Pratt & Whitney 4168-1D engines with Asiana Airlines, Inc. in Seoul, South Korea. The aircraft, which will deliver in April of 2014, will be on a long-term lease and is the first such aircraft Intrepid will be providing to the South Korean carrier.

“We are delighted to be establishing a business relationship with Asiana Airlines, one of the premiere carriers in the Asian market”, said Volker Fabian, Intrepid’s Chief Commercial Officer. “The successful conclusion of this transaction furthermore underscores our strong focus on Emerging Markets, which we are intending to build upon in the future.”

“We are pleased to begin a new business relationship with Intrepid. We hope and believe that we can further enhance our business with Intrepid in the future”, said Yong Wook, Lee, Senior Vice President, Asiana Airlines, Inc.