Emirates acquires four Airbus A380s from Doric Nimrod Air Three

The ownership of these aircraft will transition to Emirates as their current leases expire between August and November this year, with one exception awaiting scheduled maintenance completion.

"The total aggregate consideration to be paid by Emirates to the Company is £131.91m for the four Assets (equivalent to approximately USD180m in total, comprising, for each aircraft, USD25m for the purchase of the title, and USD20m for the buyout of the return conditions)," stated Doric Nimrod Air Three.

These A380s are configured to accommodate up to 489 passengers across three classes: first class (14 seats), business class (76 seats), and economy class (399 seats). As per ch-aviation data, each airframe has accumulated between 40,000 and 43,000 flight hours over roughly 12 years.

Doric Nimrod Air Three was created through a partnership between Germany's Doric GmbH and UK's Nimrod Capital LLP specifically to acquire Airbus A380s and lease them out. Previously established SPVs like Doric Nimrod Air One and Two had similar purposes.

Emirates continues as a leading operator of A380s globally with 116 such aircraft currently in service. Despite industry trends towards phasing out this model, Emirates plans to maintain its fleet until at least 2040.