Kuwait’s Alafco inks airplane leasing deal
Kuwait-based Aviation Lease and Finance Company, better known as Alafco, last week signed an agreement with Scandinavian Airline Systems (SAS) for the lease of five new A320neo aircraft.
The aircraft will be leased for a period of 10 years, with the first aircraft scheduled to be delivered in April 2019, a statement said.
“The agreement gives SAS a strong cost-effective platform in a competitive market. As always, we seek long term relationships with solutionoriented partners, such as Alafco, that understands the complex and demanding aviation business,” said Niklas Hardange, vice president SAS Fleet Management.
The portfolio of Alafco, which is listed on the Kuwait Stock Exchange, consists of 62 Airbus and Boeing aircraft.
The A320neo is also operated by Kuwait Airways