Doric’s shareholders have expanded Doric’s existing business with the launch of Doric Lease Corp (“DLC”), an operating lessor company based in Dublin, Ireland.
DLC will focus its activities in the widebody aircraft leasing sector acting in a principal investment capacity. DLC’s strategic business focus will include aircraft acquisitions, sale and leaseback transactions, and arranging of discrete aircraft investments for companies such as those listed on the London Stock Exchange.
Doric remains focused on its fund management business for transportation, energy and real estate assets.
Mark Lapidus has been appointed as the Chief Executive Officer of DLC, with Sibylle Paehler joining the board of Doric. Paul Kent will become the Chief Commercial Officer of DLC.
“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,” said Mark Lapidus, CEO of DLC.