Airbus Chief Operating Officer, Customers, John Leahy and Doric CEO Mark Lapidus sign an MOU for 20 A380 aircraft with an estimated value of 8 billion US dollars.

PARISBig news at the opening day of the Paris Air Show 2013 is the announcement of an order for 20 of the giant Airbus A380 aircraft from the third largest lessor of wide body aircraft, Doric Leasing. The total value of the deal is estimated at US$8 billion.

According to Doric president Mark Lapidis, Were pleased to announce the order of 20 A380 aircraft. We know its performance capabilities and expect it will increase yields with this aircraft.

It creates more passenger traffic, making it easier and mire comfortable for passengers to travel. There is pent up demand for this aircraft; our leasing solution will make it easier for operators to cross the line. With 550 seats the economics of this plane are unbeatable. Both Boeing and Airbus are increasing their long term outlooks.

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Doric leases wide body aircraft to airlines globally.

Dorics strategy is to lease the expensive aircraft with defined and controllable operating costs, allowing airlines to begin operations with minimum risks.

Airlines have the option to lease with an engine power by the hour option, reducing their variable costs to crew wages and ground operations.