Kuwait's Alafco to Buy 30 A320s & 6 A350s

Reuters24.06.2011 Aviation & Space

Kuwait's Alafco to Buy 30 A320s & 6 A350s

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Kuwait-based international leasing company, Alafco (Aviation Lease and Finance Company), signed an agreement for 6 additional Airbus A350 XWB (extra wide-body) aircraft, anticipating a surge in demand for larger aircraft types.

This repeat order brings Alafco's total order for the A350-900 to 18 in a fresh deal signed at the 49th Paris Air Show.

"This order reflects a strong recovery in long-haul traffic demand from our customer airlines. The A350's position as the most fuel-efficient aircraft in its class is a great asset in our aircraft portfolio," said Ahmad Al Zabin, Alafco's Chairman and Chief Executive Officer.

Alafco also signed an agreement to purchase 30 A320 neo family aircraft, worth $2.7 billion at list prices.


Source: Gulf News; Reuters




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