ALAFCO

AcronymDefinition
ALAFCOAviation Lease and Finance Company (Kuwait)
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Kuwait-based ALAFCO, a global provider of commercial aircraft leasing products, now has 40 737 MAXs on order.
Al Banwan, Deputy Chief Executive Officer of Alafco, said the lessor was confident of the 737 MAX continuing to help grow their business.
"We are pleased to grow our partnership with Alafco and support their fleet expansion," said Boeing Commercial Airplanes president & CEO Kevin McAllister.
Present at the signing ceremony were ALAFCO's Chairman Mr.
ALAFCO previously ordered six 737-800s in March 2007, with the last delivery in July 2011.
"We are talking long term with this order," Alafco Chairman Ahmad Al Zabin said at a press conference, when asked whether he was concerned about the global economic situation.
The purchase will be in addition to 50 A320neo aircraft ordered by the Aviation Lease and Finance Company (ALAFCO) at the Dubai Airshow last year, Airbus said in a statement.
Oman Air is closing an arrangement with the company and Kuwait-based leasing company, ALAFCO, to transfer orders for the six Dreamliners from ALAFCO to Oman Air.
Alafco Aviation Lease and Finance Co KSCC (ALAFCO) has selected Pratt & Whitney PurePower PW1100G-JM engines to power its order of 50 firm A320neo family aircraft, Pratt & Whitney announced yesterday.
Kuwaiti lessor Alafco placed a $4.6 billion expanded order for 50 Airbus A320neo passenger jets, adding to the flood of orders.
Summary: Kuwait's aircraft leasing and finance company Alafco signed an aircraft engine deal, estimated to be worth 9-figures in dollars with US-based Pratt & Whitney on Tuesday on the sidelines of the 12th Dubai Airshow in Dubai.