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Doric Nimrod Air Three Ltd - investment firm that acquires, lease and then sells aircraft - Receives notice via subsidiary DNA Alpha Ltd that Emirates is exercising the option to enable it to redeliver the Airbus A380-861 aircraft with the manufacturer’s serial number 132 in the minimum condition equivalent to ‘half-life’ together with a cash sum. If the aircraft is returned to DNA Alpha, Emirates will pay a sum of $12.0 million to DNA Alpha, plus ‘normal’ monetary compensation. The lease expiry for the aircraft is August 29, 2025. Current stock price: 118.50 pence, up 0.4% on Thursday 12-month change: up 15% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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