Doric launches widebody lessor

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Aviation financier Doric today launched an operating lessor, which will focus on widebody aircraft.

According to the German financier, Doric Lease will be based in the Dublin and will focus on aircraft acquisitions, sale and leaseback transactions, and the "arranging of discrete aircraft investments for companies such as those listed on the London Stock Exchange".

Mark Lapidus has been appointed as the chief executive officer of the lessor, with Sibylle Paehler joining the board. Paul Kent will become the chief commercial officer.

"Together these Doric platforms will create a significantly enlarged business opportunity envelope for airline customers and will now include principal investments, in addition to UK-listed company offerings with institutional investors, German KG distribution, as well as the continuing development of new investor jurisdictions," says Mark Lapidus, chief executive of DLC.

Doric's aviation portfolio now comprises 35 aircraft valued at about $6 billion.