Summary Emirates will purchase five Airbus A380 aircraft from Doric Nimrod Air Two, a special purpose vehicle (SPV) for the acquisition of aircraft. Out of the five aircraft, three are currently stored or in maintenance. Airbus delivered the quintet between October 1, 2012, and November 30, 2012.
Emirates and Doric Nimrod Air Two, a Guernsey, the United Kingdom (UK) , have agreed to a deal that will see the airline purchasing five Airbus A380 aircraft from the aircraft lessor for $40 million apiece. Lease-end transactions According to Doric Nimrod Air Two’s filing on the London Stock Exchange, Emirates has agreed to purchase five A380 aircraft at the end of their respective lease agreements, which were expected to be between October 1 and November 30. The aircraft have belonged to Doric Nimrod Air Two and its special purpose vehicle (SPV), Doric Nimrod Air Two MSN 105, since Airbus delivered the quintet to Emirates.
The sale price of each aircraft was £30.71 million ($40.69 million), for a total transaction value of £153.
53 million ($200.3 million). Following the closing of the transaction, the aircraft lessor plans to dissolve the company as soon as its shareholders receive payments, which the company expected to happen in Q1 2025.
Doric and Nimrod, whose SPV was also Doric Nimrod Air Two, were the to-be-dissolved company’s asset manager and corporate and shareholder adviser, respectively. The aircraft is 14+ years old and has clocked more than 48,000 flying hours. Fiv.