■ Delays to Boeing’s new 777X wide-body aircraft could be a boost to the, and aircraft leasing funds, says The Wall Street Journal. The 777X is not expected before 2025, increasing the odds that Emirates Airline will need the Airbus A380s that it leases from these funds for longer. In July, Emirates agreed to buy the sole A380 owned by another fund,, for about $30m after its lease expired. Yet the share prices of DNA2 and DNA3 imply a residual value for their planes of $15m. If Emirates doesn’t want these, the $12m it must pay to return them in used condition plus scrap value should cover that. But it’s more likely it will want to extend the leases or buy the planes.
