By Christian Moess Laursen
Doric Nimrod Air Two said it will sell two Airbus aircrafts for 28.9 million pounds ($35.4 million) each to aircraft carrier Emirates, once their leases expire.
The Guernsey-based investment company–whose portfolio consists of seven Airbus A380-861 aircrafts–said Monday that the lease periods, which began in Oct. 2011, will expire on Oct. 14 and Dec. 2 this year.
The company said its directors intend to make a capital distribution early in the first quarter of 2024 by way of a redemption of two ordinary preference shares for every seven ordinary preference shares in the company, to be effected at around 120 pence a share.
The leases of the five remaining Airbus aircrafts is set to expire between Oct. 1 and Nov. 30 next year.
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