INTREPID PLACES ANOTHER AIRBUS A330-300 WITH SICHUAN AIRLINES

Intrepid Aviation today announced the lease execution for one additional (1) Airbus A330- 300 aircraft, powered by Rolls Royce Trent 700 engines with Sichuan Airlines in Chengdu, China. The aircraft, which will deliver in the 4th Quarter of 2014, will the third such aircraft Intrepid will be leasing to the Chinese carrier.

“We are delighted to further expanding our business relationship with Sichuan Airlines and further develop the Chinese market for us”, said Volker Fabian, Intrepid’s Chief Commercial Officer. “In 2012, we have been able to place more new A330 aircraft on lease in China than any other lessor globally. It proves the desirability of the Airbus A330 as a product as well as our appreciation of the importance of the Chinese market.”

“We are enthusiastically looking forward to the opportunity of further expanding our cooperation with Intrepid”, said Li Hai Ying, Sichuan Airlines’ Chief Executive Officer.