ALAFCO

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ALAFCO (Aviation Lease and Finance Company) is an aircraft-leasing company, based in Kuwait. It is jointly owned by the Kuwait Finance House and Kuwait Airways, the flag carrier of Kuwait. Its lease terms are Islamic economical jurisprudence-compliant.

Customers

ALAFCO's customers include Royal Jordanian, Malaysia Airlines, Garuda Indonesia,[1] Air Europa, Turkish Airlines, China Eastern Airlines, Yemenia, Air India, China Southern Airlines, Sky Airlines, Saudi Arabian Airlines, VietJet Air,Jet2.com, Transaero Airlines and GoAir.

Future planned leases include six 787s for Oman Air.[2]

Fleet

In October 2006, ALAFCO was planning to increase its fleet to 80 aircraft by 2015, up from the current 18.[3]

Announced fleet expansions

Date Aircraft Delivery date Reference
12 March 2007 12 787-8, 6 737-800 n/a [4]
18 June 2007 12 Airbus A350 XWB, 7 A320 2015 [5]
8 July 2007 10 Boeing 787 2015 [6]
26 June 2011 12 Airbus A350-900 XWB
4 Nov 2012 20 Boeing 737 MAX 8 [7]

See also

References

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  5. ALAFCO press release (2007-06-18) www.alafco-kw.com/alafco/MediaCenter/PressRelease/PressRelease18062007/tabid/89/Default.aspx
  6. ALAFCO press release (2007-07-08) www.alafco-kw.com/alafco/MediaCenter/PressRelease/PressRelease08072007/tabid/90/Default.aspx
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External links