DP Aircraft I Limited (DPA), a Guernsey-based aircraft leasing fund listed on the London Stock Exchange, has disclosed a director shareholding transaction dated 11 November 2026. Howard Millar, a director of the company and 50% beneficial owner of Low Cost Airline Technology trading as Brightstar Capital, acquired ordinary preference shares in the fund. The transaction represents an insider purchase that investors in the aircraft leasing sector may find noteworthy as a signal of director-level confidence in the vehicle.

Key Points

  • DP Aircraft I Limited (DPA) — Guernsey-based aircraft leasing closed-ended fund listed on the London Stock Exchange
  • Director Howard Millar, acting as 50% beneficial owner of Low Cost Airline Technology (trading as Brightstar Capital), purchased ordinary preference shares on 11 November 2026
  • Total transaction: 500,000 shares purchased at $0.1500 each; shares attributable to Mr Millar: 250,000 at $0.1500
  • Investors may watch for further director activity or any operational update regarding the fund's underlying aircraft assets

Howard Millar's Purchase of 250,000 DPA Preference Shares via Brightstar Capital

The regulatory notification confirms that Howard Millar, in his capacity as 50% beneficial owner of Low Cost Airline Technology trading as Brightstar Capital, participated in the purchase of 500,000 ordinary preference shares in DP Aircraft I Limited on 11 November 2026. Of that total, 250,000 shares are directly attributable to Mr Millar at a transaction price of $0.1500 per share. The transaction was executed on the London Stock Exchange and was filed as an initial notification under the relevant disclosure obligations for directors and persons discharging managerial responsibilities.

DP Aircraft I Limited's Structure as an Aircraft Leasing Preference Share Fund

DP Aircraft I Limited is structured as a specialist aircraft leasing fund, issuing ordinary preference shares traded on the London Stock Exchange under the ticker DPA. The fund's business model centres on acquiring and leasing aircraft assets, generating returns that are distributed to shareholders. The company's registered contact for investor enquiries is Aztec Financial Services (Guernsey) Limited, reflecting its Guernsey domicile. The fund operates within the aviation leasing sector, which remains sensitive to airline counterparty credit risk and broader conditions in global aviation demand — factors that represent an inherent risk specific to this vehicle.

Regulatory Context of the PDMR Disclosure Under UK Market Rules

This announcement was made pursuant to requirements governing notifications of transactions by directors, persons discharging managerial responsibilities, and their closely associated persons. Such disclosures are mandated to ensure market transparency and allow investors to monitor insider trading activity. The filing identifies the company's LEI as 213800IJ1Q9HI499AE41 and confirms the transaction is an initial notification rather than an amendment. The disclosure was coordinated through Aztec Financial Services (Guernsey) Limited, the fund's appointed administrator, with James Lucas listed as the contact for further information.