Doric Lease Corp. reported signing a Memorandum of Understanding or MoU for the purchase of 20 A380s at the 50th Le Bourget Airshow. The deal was reached by Mark Lapidus, CEO of Doric Lease Corp and John Leahy, Airbus Chief Operating Officer, Customers today. With this investment, Doric would offer a tailored A380 leasing solution and make the aircraft even more accessible to both new and existing A380 operators worldwide who prefer to opt for the flexibility of an operating lease.
Doric Lease's chief executive stated: "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... We will be able to provide turn-key A380 ownership solutions to airlines, allowing them to benefit from operating this fantastic aircraft. The A380 offers airlines a great opportunity to provide a superior product and travel experience while strengthening revenue generation."
The total A380 fleet has accumulated more than 920,000 flight hours in close to 110,000 commercial flights.
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