Airbus Financial Services has sold three A380s on lease to Singapore Airlines to Doric Asset Finance at a base purchase price of $198.6 million each, marking the first A380 financings to be completed. The aircraft were previously on Airbus’ books.
The purchase price includes buyer furnished equipment costs. The 2007 list price for an Airbus A380 is $305.8 million.

The first aircraft, MSN003, is financed under a 10-year German operating lease to the Singapore carrier. Financing sources familiar with the deal suggest the lease rate is $1.7 million per month.

SIA has the option to extend the term for two additional years.

German bank Nord LB is providing debt through a 12-year loan, an equity bridge, and an extra back-up facility. Equity distribution will be with Dr Pe

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