ALAFCO

ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, signed a firm contract last month for six Airbus A320s

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ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, signed a firm contract last month for six Airbus A320s.

The contract comes on top of an order for 12 Airbus A350s with options on a further six A350s that were booked in 2005.

ALAFCO’s main shareholder is Kuwait Finance House.

ALAFCO specialises in Sharia-based commercial aircraft leasing.

Chairman and CEO, Ahmad Alzabin, said: “There will be a strong demand for the A320 family aircraft during the coming years and is positioning itself to meet such demand from regional and international carriers.

The new planes will carry the Airbus hallmarks of cabin comfort and economy into a new decade, and are the right aircraft for our customers and their passengers.”

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