Doric’s Aircraft Portfolio Grows to 25 Aircraft Valued at USD 3.8 Billion

Doric Asset Finance is pleased to announce the addition of a 10th Airbus A380 aircraft to its aircraft portfolio under management. Doric Nimrod Air Two Limited (“DNA2”) took delivery of MSN 077 today at 16:20 CET at the Airbus delivery centre in Hamburg. The aircraft is leased to Emirates for a period of 12 years.

The Airbus A380 was purchased for USD 234 million, of which about USD 151 million was financed through a 12-year fully amortising senior loan.

DNA2 was listed on 14th July 2011 on both the London Stock Exchange (“LSE”) and the Channel Island Stock Exchange (“CISX”). The company’s sole objective is to own and lease three Airbus A380 aircraft to Emirates.