Boeing’s Delays Could Give Airbus’s A380 an Active Retirement
- Date: 03-Jan-2023
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:UAE
Boeing’s Delays Could Give Airbus’s A380 an Active Retirement
It is looking like Emirates Airline will need most if not all its A380s after all, opening an opportunity for investors in an obscure corner of the London stock market
The Airbus A380, the white elephant of the skies, could be getting a new lease on life. Among its merits: Unlike the Boeing 777X, it already exists.
One of the best-performing stocks in London in 2022, having more than doubled, is a tiny company that owned a single asset: one of the Airbus A380s in the Emirates Airline fleet. Most of the gains came in July, when the Dubai-based carrier agreed to buy the plane for about £25 million, equivalent to about $30 million, once its lease expired. The deal, which closed the week before Christmas, massively improved the expected liquidation value of the investment company, called Doric Nimrod Air One (ticker: DNA).
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