Doric Asset Finance takes delivery of 11th A380

Doric Asset Finance took delivery of its 11^th A380. The aircraft with the manufacturer’s serial number (MSN) 083 was acquired by the German closed-end fund SKY CLOUD III. The Airbus A380 is on lease to Dubai-based carrier Emirates for a period of 12 years. The purchase price of the aircraft was $234m. The long-term loan of up to $144m was provided by a banking consortium led by NordLB. With the addition of MSN 083, the aircraft portfolio under management of Doric Asset Finance comprises 26 aircraft valued at $4.1bn.