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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Doric Nimrod Air Two Ltd    DNA2   GG00B3Z62522

DORIC NIMROD AIR TWO LTD

(DNA2)
Delayed Quote. Delayed London Stock Exchange - 09/17 11:35:27 am
186 GBp   --.--%
02/14Nimrod Capital Sees Future for A380-Leasing Despite Discontinuation
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2014DORIC NIMROD AIR TWO : REVISED Notice and Form of Proxy
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2014DORIC NIMROD AIR TWO : ANN Notice AGM
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Nimrod Capital Sees Future for A380-Leasing Despite Discontinuation

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02/14/2019 | 12:47pm EDT

By Adam Clark

Nimrod Capital LLP is downplaying the effect on its aircraft-leasing funds of Airbus SE decision to stop producing the A380 superjumbo jet.

Shares in four London-listed funds advised by Nimrod--Doric Nimrod Air One, Doric Nimrod Air Two, Doric Nimrod Air Three, and Amedeo Air Four Plus--hit all-time lows following the announcement.

Airbus said Friday that it would end production of the A380 after 2021 due to a lack of demand, a day after the model's biggest buyer, Emirates Airline, cut back on its future orders for the aircraft.

The funds had invested heavily in the future of the A380, which form the entirety of the Doric Nimrod fleets and the majority of the Amedeo assets. The cessation of production will likely hit the residual value of the aircraft.

Nimrod issued a statement on behalf of all four funds, noting that there are still several years on their aircraft leases and all loan liabilities will be paid off at end of the rental period.

"We also note that other customers have expressed interest in second-hand A380s, and other airlines dealing with slot-constrained airports may well turn to the pool of A380s. With a finite number of A380s available, this could well prove supportive of the secondary market," Doric Asset Finance said. Doric acts as Nimrod's investment partner.

Write to Adam Clark at adam.clark@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.59% 121.96 Real-time Quote.45.26%
AIRBUS SE 0.66% 122 End-of-day quote.45.67%
AMEDEO AIR FOUR PLUS LTD 0.29% 86 Delayed Quote.-18.48%
DORIC NIMROD AIR ONE LTD 0.00% 89 Delayed Quote.-21.93%
DORIC NIMROD AIR THREE LTD -0.28% 90 Delayed Quote.-12.62%
DORIC NIMROD AIR TWO LTD 0.00% 186 Delayed Quote.-13.89%
E.ON SE 0.17% 8.93 Delayed Quote.3.51%
VALUE8 N.V. 0.36% 5.58 Delayed Quote.17.72%
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Latest news on DORIC NIMROD AIR TWO LTD
02/14Nimrod Capital Sees Future for A380-Leasing Despite Discontinuation
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2014DORIC NIMROD AIR TWO : REVISED Notice and Form of Proxy
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Managers
NameTitle
Geoffrey Alan Hall Chairman
Charles Edmund Wilkinson Independent Non-Executive Director
John Reginald Le Prevost Independent Non-Executive Director
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