Air Finance Journal Copying and distributing are prohibited without permission of the publisher

2010 Deal of the Year: Innovative

10 March 2011

Doric Nimrod Air One (DNA) lists on the London Stock Exchange .

Tags: Doric Nimrod Air One (DNA)  |  Emirates  |  Doric Asset Finance  |  Westpac Banking Corporation

Property on wings

How do you entice UK investors that are more familiar with investing in real estate to fund an aircraft? You tell them to think of the aircraft as a property on wings.

On December 13 2010 Doric Nimrod Air One (DNA) listed on the London Stock Exchange raising £42.5 million ($67.5 million) to finance one A380, which will be leased to Emirates for 12 years. With the equity taken care of, Australia’s Westpac Banking Corporation provided the debt with a $122 million senior secured facility.

"With this deal Doric successfully brought innovation at a time when many others were unable even to maintain the supply of vanilla products," says Brian Jeffery, senior vice-president, corporate treasury,...

Featured deal

ICBC FL | 11-15 | French tax lease | 8x 737-800 24/11/2015
Latest Deal Status Finance mandated
Overall Arrangers BNP Paribas, CIC, Natixis
Assets 737-800
Law firm
Related article


To find out more information, or to request a product demonstration, contact: or call Chris on +44 (0)20 7779 8015.

Latest Poll

Bank LTVs for a BB-rated or equivalent rated airline for 10-year secured bank debt for two new 737s, are now approximately:

Upcoming Events