Tag Archives: ALAFCO

ALAFCO seals $2.2bn deal for 20 Boeing aircrafts – 737 Max fleet touted as ‘fastest-selling in history of Boeing’

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 …

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ALAFCO successfully closes syndicated Murabaha facility

Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million. The transaction has been advised by KFH Capital Investment Company with participation from Kuwait based Warba Bank K.S.C.P, Boubyan Bank K.S.C.P, Kuwait …

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ALAFCO acquires portfolio of nine passenger aircrafts

KUWAIT CITY, Aug 7, (KUNA): Aviation Lease and Finance Company (ALAFCO) announced Sunday that it has completed the acquisition of a nine-aircraft portfolio from GE Capital Aviation Services (GECAS). Kuwait-based ALAFCO said in a statement that the portfolio comprises of highly attractive Airbus and Boeing aircraft already on long-term lease …

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

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 …

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Kuwait edges lower; snaps 3-day rebound – Americana soars 100 fils; NBK slips

KUWAIT CITY, Feb 1: Kuwait stocks pulled slightly lower on Monday, snapping the three-day rebound. The bourse eased 7.37 pts in volatile trade to 5197.15 points even as investors consolidated the gains in the earlier sessions. The market mood was cautious while the trading floor digested fresh earnings reports. The …

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ALAFCO records net profit of KD 3 million – EPS clocks 3.7 fils

KUWAIT CITY, Jan 27: Vice-Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of KD 3 million for the first quarter of its current fiscal year ended Dec 31, 2015. That translates …

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