Doric acquires a new Dreamliner

Eleanor Steed
By Eleanor Steed May 17, 2018 09:59

Doric acquires a new Dreamliner

Doric has acquired a new Boeing 787-9 – a Dreamliner – for Shinhan Aviation MSN 62742 Limited in a sale and lease-back transaction. The aircraft is leased to the TUI Group for a term of 12 years.

The purchase of the aircraft was financed by long-term bank debt and the issuance of notes.

Commerzbank, HSBC and Nord/LB provided the long-term loan. In addition, fixed-rate, rated notes and profit participating notes were issued. These were signed by institutional investors in Germany and South Korea.

Doric has arranged and structured the aircraft investment and will be responsible for the ongoing asset management of the Dreamliner.

Eleanor Steed
By Eleanor Steed May 17, 2018 09:59