Guernsey Firm Pioneers Aircraft Leasing Venture
Wednesday, August 3, 2011
Another new Guernsey company has for the first time been listed on the London Stock Exchange (LSE)
offering investment in A380 aircraft operated by Emirates.
Doric Nimrod Air Two (DNA2) is a Guernsey-domiciled limited liability company
which aims to provide investors with income and capital returns through investment
in the loan of three Airbus A380 aircraft to Emirates for 12 years. It raised
initial capitalization of GBP145m (USD236m) and earlier this month was listed on the LSE’s
Specialist Fund Market (SFM), as well as the Channel Islands Stock Exchange (CISX).
DNA2 has been established by London-based financial advisers, Nimrod Capital
and Doric Asset Finance, a Frankfurt-based aircraft leasing group that specializes
in financing A380s. They were behind a similar, smaller venture named Doric
Nimrod Air One, which was also listed on the SFM and CISX at the close of last
year but involved the leasing of just one aircraft to Emirates. It was believed
to be the first company of its kind to be listed on the London markets.
Nimrod Capital Partner Marc Gordon said: “This opportunity should continue
to prove most interesting to UK investors, particularly in the current low-yield
environment, as many are looking for high-income investments backed by real
and stable assets that can also provide a hedge against inflation.”
The new Guernsey-incorporated entity has Herbert Smith as legal advisers in
London and Mourant Ozannes in Guernsey, and the appointed auditor is Deloitte.
It is being administered in Guernsey by Anson Fund Managers Limited. The latter
are administrators to five of the eleven companies listed on the SFM.