Kuwait Air­ways wel­comes 8th Boe­ing 777-300ER into its fleet

Part­ner­ship with ALAFCO her­alded as ‘col­lab­o­ra­tion for na­tion’s fu­ture’

Kuwait Times - - LOCAL -

Kuwait Air­ways, the of­fi­cial na­tional air­line of the State of Kuwait, wel­comed the eighth of the 10th Boe­ing 777-300ER air­craft it has on or­der to Kuwait In­ter­na­tional Air­port, on July 1. The eighth air­craft has been named ‘Auhah’ af­ter the small is­land sit­u­ated 41km east of the Kuwaiti main­land.

Fol­low­ing the re­cent part­ner­ship with ALAFCO, the Kuwait-based air­craft leas­ing com­pany, the last four air­craft will now be fi­nanced as part of a ‘sale-lease­back’ agree­ment, each on 12-year leases. Ac­cord­ing to Kuwait Air­ways’ Chair­man, Sami Fa­had Al-Rushaid, the leas­ing ar­range­ment un­der­lines a strate­gic de­ci­sion to en­sure the short and long-term fi­nan­cial sta­bil­ity of the air­line.

“The Kuwait Air­ways - ALAFCO col­lab­o­ra­tion will have wide-rang­ing in­flu­ence on the sta­ble growth and de­vel­op­ment of Kuwait Air­ways. This part­ner­ship is not just a key mile­stone for the air­line, but it is also one that pro­motes the fu­ture suc­cess of the na­tion as a whole.”

“Since be­com­ing chair­man, in April, it has been a key pri­or­ity to en­sure the long-term fi­nan­cial sta­bil­ity of the air­line. Af­ter con­duct­ing a re­view and do­ing our due dili­gence on the air­line’s air­craft ac­qui­si­tion strat­egy, the board of di­rec­tors and I con­cluded that 12-year leases for the four re­main­ing air­craft presents the best way to ap­por­tion the air­line’s ex­po­sure to risk and bring the air­line back into prof­itabil­ity sooner,” added Rushaid.

On board the lat­est edi­tion to Kuwait Air­ways’ fleet, in­cluded KAC’s tech­ni­cal team of en­gi­neers that’s com­prised of Kuwaiti na­tion­als. The Boe­ing 777-300ER (“ER” for Ex­tended Range) is the sec­ond largest pas­sen­ger air­craft in the skies to­day and boasts one of the long­est ranges of any com­mer­cial pas­sen­ger air­craft, at around 7,370 nau­ti­cal miles (13,650 km). Kuwait Air­ways’ be­spoke in­te­rior de­sign of­fers a three-class cabin con­fig­u­ra­tion: Royal, Business, and Econ­omy. The lat­ter is in­clu­sive of a 54seat Pre­mium Econ­omy sec­tion. The 777300ER air­craft are the first to be painted in the air­line’s dy­namic new liv­ery, as re­vealed at the Boe­ing Fac­tory, in Everett, Wash­ing­ton State, in Oc­to­ber last year.

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