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Investing.com -- Doric Nimrod Air Three Ltd (LON:DNA3) stock jumped 5.8% following the announcement of the sale of its four Airbus A380 aircraft to Emirates for a combined total of $180 million, or $45 million per aircraft.
The sale price, which includes $25 million for the purchase of each aircraft title and $20 million for the buyout of return conditions, exceeded market expectations of approximately $42-43 million per aircraft.
This strong result has created positive implications for other A380 holders, particularly Amedeo Air Four Plus, which owns six A380 aircraft.
The company plans to distribute the sale proceeds to shareholders along with remaining cash holdings, minus liquidation and other costs.
Payment is expected in the first quarter of 2026 following the last lease end date, with the liquidation process commencing shortly thereafter.
No disposition fees will be payable on the sale since the aggregate sale price falls below the equity raised by the fund.
When combined with the fund’s accumulated cash less other costs, this is expected to result in a final distribution of approximately 64 pence per share, with July and October dividends also to follow.
The transaction represents a significant milestone for Doric Nimrod Air Three as it moves toward planned liquidation after distributing proceeds to shareholders.
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