Itasca MGA provides aircraft finance insurance to Jeju Air

Itasca MGA , an aviation-focused managing general agent backed by Castlelake and Pine Walk Capital (part of The Fidelis Partnership), has structured a non-payment credit insurance policy to support debt financing for two Boeing 737 MAX 8 aircraft delivered to Jeju Air in June and July 2025.

The solution enables Jeju Air, South Korea’s first low-cost carrier, to expand its fleet and strengthen operational capacity.

Itasca MGA underwrites and manages risk tied to commercial aviation financing on behalf of The Fidelis Partnership and Itasca Re, using capacity from Fidelis and Starr entities.