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Tuesday , November 24 2020

Kuwait’s ALAFCO, Airline SAS clinch aircraft lease deal

KUWAIT CITY, Dec 4, (KUNA): Kuwait’s Aviation Lease and Finance Company (ALAFCO) has signed a 10-year deal with the Scandinavian region’s national carrier SAS to lease a quintet of aircraft from the Airbus A320 family. ALAFCO expects to receive the first airliner out of five by April of next year, the aircraft-leasing company’s deputy chairman and CEO Ahmad Al-Zaben said in a statement. The deal will prove instrumental in propelling the local aviation sector to new heights, he said. The Kuwait-based company engages in aircraft leasing and provides management, marketing and consultancy services to the aviation industry.

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