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Editor's Deal of the Year 2011
20 April 2012
Doric Asset Finance
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Deals of the Year
2011
Publicly listed aviation companies have not fared well over the past year. Even respected airlines with successful business models, such as Air China, Lan and Lufthansa, have watched their share prices consistently fall. Also, the listed lessors – AerCap, Aircastle and Air Lease Corporation and Fly Leasing – are all trading at a discount to book, despite announcing profits.
However, one company stands out: Doric Nimrod Air Two (DNA2). The company, which had three A380s, on lease to Emirates, in 2011 and added an additional four in March 2012, is listed on the London Stock Exchange and the Channel Islands Stock Exchange.
Unlike the publicly listed lessors, DNA2...
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