Emirates to acquire four A380 aircraft from Doric Nimrod Air Three

Published 11/07/2025, 08:34
Emirates to acquire four A380 aircraft from Doric Nimrod Air Three

LONDON - Doric Nimrod Air Three Limited announced Friday it has reached an agreement to sell its four Airbus A380-861 aircraft to Emirates for a total consideration of £131.91 million (approximately $180 million).

The transaction involves the transfer of aircraft MSNs 132, 134, 136, and 133 to Emirates, with the sales expected to coincide with the respective lease end dates between August 25 and November 14, 2025. MSN 133 will be transferred on August 27, 2025, to accommodate scheduled maintenance requirements outside Dubai.

The purchase price for each aircraft consists of $25 million for the title and $20 million for the buyout of return conditions, according to the company’s press release statement.

Doric Nimrod Air Three, a Guernsey-based investment company with shares trading on the Specialist Fund Segment of the London Stock Exchange (LON:LSEG)’s Main Market, originally purchased the four aircraft in 2013 and leased them to Emirates for a twelve-year term.

The company’s directors plan to distribute the sale proceeds to shareholders along with remaining cash holdings, after accounting for liquidation and other costs. This distribution is expected to take place in the first quarter of 2026, following the final lease end date.

The company also noted that its last regular quarterly dividend is expected to be declared in October 2025, subject to solvency tests and regulatory requirements.

Liquidation proceedings for Doric Nimrod Air Three are anticipated to commence shortly after the final distribution to shareholders. The company indicated it will release further details about final distribution amounts and timetable in the future.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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