Airlines with large ambitions requiring a very large jet, meaning the Airbus A380, will have new strategic options because of a major order for 20 of the 500+ seat jets from Doric Lease Corp announced on the first day of the Paris Air Show.
The $8 billion order at catalogue prices means not just a ‘wild card’ option for new operators of the A380, but an alternative pathway other than outright purchase for current A380 equipped carriers, as Doric already has 18 of the flagship airliners under its management following sale leaseback arrangements.
This makes the 20 unit order not only significant for the Airbus A380 program’s order book, but could speed its entry into new markets, and reshape the competitive environments where the big jet had not been seen as a short to medium term factor.
This is part of the Airbus-Doric announcement:
Doric Lease Corp has signed a Memorandum of Understanding (MoU) for the purchase of 20 A380s at the 50th Le Bourget Airshow. The agreement was signed today by Mark Lapidus, CEO of Doric Lease Corp and John Leahy, Airbus Chief Operating Officer, Customers.
With this investment, Doric will offer a tailored A380 leasing solution and will make the aircraft even more accessible to both new and existing A380 operators around the world who prefer to opt for the flexibility of an operating lease. Doric already has significant experience with the A380, ranking as the third largest wide-body lessor worldwide by value, and the world’s largest asset manager of leased A380s. Doric has a six billion US$ aircraft portfolio under management, including 18 A380s acquired through sale-leaseback arrangements.
“The A380 offers us a unique opportunity to continue growing Doric’s aviation platform by establishing ourselves as a lessor with a forward-order portfolio of 20 A380s to market with existing and new customers worldwide,” said Mark Lapidus, CEO of Doric Lease Corp. “We will be able to provide turn-key A380 ownership solutions to airlines, allowing them to benefit from operating this fantastic aircraft.” [Emphasis added]