Kuwait Air­ways re­ceives 9th Boe­ing 777-300ER

Kuwait Times - - LOCAL -

KUWAIT: Kuwait Air­ways, the of­fi­cial na­tional car­rier, an­nounced on Fri­day the de­liv­ery of the ‘Al-Wafra’ aircraft of the fam­ily of long-range twin-en­gine jets, the Boe­ing 777-300ER. In a press state­ment, Kuwait Air­ways Chair­man Sami Al-Rasheed said it was the ninth plane of a 10-aircraft deal of the same fam­ily.

He added that four aircraft have been sold and re-leased to the ALAFCO com­pany in a fi­nanc­ing part­ner­ship. He ex­tolled co­op­er­a­tion of the com­pany’s man­age­ment in ful­fill­ing this part­ner­ship to be in fa­vor of in­ter­est of the two com­pa­nies, in­di­cat­ing that it is the first co­op­er­a­tion in its kind with Kuwait Air­ways.

In a sim­i­lar state­ment, Adel Al-Banawan, deputy CEO of ALAFCO, said it is the first deal be­tween ALAFCO and the na­tional car­rier. The deal will have pos­i­tive reper­cus­sions that will con­trib­ute to the pros­per­ity of the na­tional econ­omy, he noted. The pas­sen­ger plane is part of a 10-aircraft deal ex­pected to be com­pleted by the third quar­ter of 2017. Es­tab­lished in 1953, Kuwait Air­ways is one of the car­ri­ers in the Gulf re­gion. The State of Kuwait owns all com­pany’s stocks. ALAFCO is a plane-leas­ing com­pany es­tab­lished in Kuwait in 2000 and en­listed in Boursa Kuwait in 2006. It is jointly owned by the Kuwait Fi­nance House and Kuwait Air­ways. — KUNA

KUWAIT: The ‘Al-Wafra’ aircraft, the new­est ad­di­tion to Kuwait Air­ways’ fleet.— Photos by Fouad Al-Shaikh

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