Doric Nimrod Air Two has published accounts covering the year to the end of March 2014.
There has been no change to the 4.5p per quarter dividend payment and the company has not changed the residual value of the aircraft it owns. The net asset value rose to 203.8p from 168.7p – this largely reflects foreign exchange movements.
Doric Nimrod Air Two owns seven aircraft, all Airbus A380s – usage for the period is shown below
MSN Delivery Flight Hrs Flight time Average Duration
—– ———– ————- ——– ————————
077 14/10/2011 11,456 1,306 8 h 45 min
—- ———– ————- ——– ————————
090 02/12/2011 9,796 1,658 5 h 55 min
—- ———– ————- ——– ————————
105 01/10/2012 7,033 1,130 6 h 15 min
—- ———– ————- ——– ————————
106 01/10/2012 7,846 882 8 h 55 min
—- ———– ————- ——– ————————
107 12/10/2012 7,750 868 8 h 55 min
—- ———– ————- ——– ————————
109 09/11/2012 5,871 954 6 h 10 min
—- ———– ————- ——– ————————
110 30/11/2012 5,978 1,015 5 h 55 min
—- ———– ————- ——– ————————
MSN 90 had its passenger cabin refurbished during the period.
Emirates announced its 26(th) consecutive year of profit and company-wide growth for the financial year ended on 31 March 2014, despite competitive pressure and a global economic environment that is only slowly recovering. Emirates’ revenue reached a record high of USD 22.5 billion, up by 13% compared to the previous financial year.