DUBAI, Nov 13, (KUNA): Kuwait’s Aviation Lease and Finance Company (ALAFCO) has completed the purchase of 20 Boeing 737 Max aircrafts worth $2.2 billion.
On the sidelines of the ongoing Dubai Airshow 2017 expo, ALAFCO’s deputy CEO Adel Al-Banwan and the executive vice-president of Boeing Kevin McAllister put their names on the dotted line to finalize the deal.
Addressing reporters, Al-Banwan pointed out that Boeing 737 Max aircrafts are among the least fuel-consuming fleet of airplanes that will help propel the Kuwaiti aircraft-leasing company to new growth. He underlined the company’s positive experiences with the Boeing 737 fleet of aircrafts, which he said were highly efficient and reliable.
Meanwhile, McAllister touted the 737 Max fleet of aircrafts as the “fastest-selling in the history of Boeing,” saying these airplanes are fully equipped with cutting-edge technology to ensure maximal convenience for passengers.
Established in 2000, ALAFCO joined Kuwait’s stock exchange six years later and offers services that include aircraft leasing and investment in aviation.