New Aircraft Fund Launches In Guernsey

By ExpatBriefing.com Editorial 15 October, 2013

A new investment vehicle called DP Aircraft I Limited has raised USD113m through a placing and its shares have been admitted to trading on the Specialist Fund Market of the London Stock Exchange and to the Official List of the Channel Islands Stock Exchange.

DP Aircraft I Limited is a Guernsey company whose investment objective is to obtain income and capital returns for its shareholders by acquiring, leasing and selling aircraft. To pursue this objective, the company has used the proceeds of the placing, together with debt facilities, to acquire two Boeing 787 Dreamliner aircraft which will be leased to an airline.

The launch of DP Aircraft I Limited follows last month's listing of Doric Nimrod Air Three on the Specialist Fund Market of the London Stock Exchange and listing on the Channel Islands Stock Exchange.

Tags: Finance | Investment | Investment Funds | Guernsey | Expats |

 





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