Kuwait: ALAFCO Aviation Lease and Finance Company announced today that it has delivered the third new A320neo aircraft to Salam Air. The delivery of the third aircraft follows the agreement signed between both parties for the delivery of five new A320neo aircraft, each on 12-year lease terms. The first A320neo aircraft was delivered by ALAFCO on the 31 May 2019.

Adel. A. Albanwan, ALAFCO’s CEO commented “I am pleased and delighted to announce the delivery of our third Airbus A320neo aircraft to SalamAir. The delivery of this aircraft signifies our ongoing partnership with SalamAir, but also demonstrates our commitment to provide cost-efficient and flexible solutions to the global airline industry. The A320neo aircraft remains integral to our growth plans, and I expect to see significant upside in this aircraft in the coming years which shall continue to form the cornerstone of our strategy”

ALAFCO is a Kuwait-based aircraft leasing company and is listed on the Kuwait Stock Exchange. ALAFCO’s portfolio consists of 63 Airbus and Boeing aircraft, leased to 21 airlines in 13 countries globally. ALAFCO’s remaining order book comprises of 110 new technology aircraft from Airbus and Boeing including 56 A320neo, 10 A321neo, 4 A350XWB and 40 B737 MAX. Deliveries are scheduled to take place between 2019 and 2023. 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.