Tuesday , October 17 2017

Kuwait’s ALAFCO upsizes to A321neo – Deal confirms market trend for larger models

A businessman makes his way to the Airbus Group business centre during the Farnborough Airshow, south west of London, on July 14. The event, held every two years southwest of London, traditionally sees US titan Boeing and Europe’s Airbus compete as they unveil their latest multi-billion-dollar orders. (AFP)
A businessman makes his way to the Airbus Group business centre during the Farnborough Airshow, south west of London, on July 14. The event, held every two years southwest of London, traditionally sees US titan Boeing and Europe’s Airbus compete as they unveil their latest multi-billion-dollar orders. (AFP)

KUWAIT CITY, July 14: ALAFCO Aviation Lease and Finance Company, the Kuwait-based international aircraft leasing company, has upsized an order of ten A320neos to A321neos. The contract was signed today at Farnborough International Airshow. This agreement is part of an overall agreement signed in 2012 for 85 A320neo’s.

“In a continuously growing market, ALAFCO is fully focused on offering its customers the most modern, technologically advanced and economically efficient aircraft. With the A321neo we will be able to look forward to even greater levels of efficiency and offer our customers some of the best that the industry has to offer,” said Ahmad A. Alzabin, ALAFCO Chairman & CEO.

“This upsizing from A320neos to A321neos confirms the market trend for larger aircraft. The A321neo will bring ALAFCO’s customers unbeatable economics and the highest standard of passenger comfort. It is the ideal middle of the market aircraft,” said John Leahy, Airbus Chief Operating Officer, Customers.

The A320 Family is the world’s best-selling single aisle product line with almost 12,600 orders since launch and more than 7,100 aircraft delivered to more than 320 operators worldwide. Thanks to their widest cabin, all members of the A320 Family offer unmatched comfort in all classes and Airbus’ 18” wide seats in economy as standard. With one aircraft in four sizes, the A320 Family, seating from 100 to 240 passengers, seamlessly covers the entire single-aisle segment from low to high-density domestic to longer range routes.

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