ALAFCO

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. 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, Pakistan International Airlines, Yemenia, Air India, China Southern Airlines, Sky Airlines, Saudi Arabian Airlines, Sun Country Airlines, VietJet Air, Jet2.com, 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 7 Airbus A320 2015 [5]
8 July 2007 10 Boeing 787 2015 [6]
26 June 2011 12 Airbus A350-900 XWB 2017
4 Nov 2012 20 Boeing 737 MAX 8 [7]
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See also

References
  1. "ALAFCO and Garuda Indonesia Sign Agreements for the Financing of 2 B777-300ER Aircraft". ACN Newswire. 2013-04-22. Retrieved 5 April 2016.
  2. "ALAFCO Leases Six B787 Dreamliner Aircraft to Oman Air". ALAFCO. 23 September 2007. Archived from the original on 23 December 2008. Retrieved 24 December 2008.
  3. "Kuwait leasing firm to increase fleet to 80 aircraft". Agence France-Presse (AFP). SBAC. 2006-10-03. Archived from the original on 15 July 2007. Retrieved 24 December 2008.
  4. "Boeing and ALAFCO Sign Deal for 787s and Next-Generation 737s". Boeing.com. 2007-03-12. Archived from the original on 2008-12-22. Retrieved 24 December 2008.
  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
  7. "Boeing, ALAFCO Firms up Order for 20 Boeing 737 MAXs". Boeing.mediaroom.com. 2012-11-04. Retrieved 2013-06-30.
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