ALAFCO (Aviation Lease and Finance Company) (Kuwait City) has signed an agreement for 30 Airbus A320neo aircraft. The Memorandum of Understanding (MOU) was signed at the 49th Paris Air Show.
ALAFCO already ordered 26 A320s of which 25 have been delivered. Including this order, it shall then take ALAFCO’s total order for Airbus single aisle aircraft to 56.
ALAFCO also signed an agreement for six more Airbus A350 XWB aircraft. This repeat order brings ALAFCO’s total order for the A350-900 to 18 aircraft.
ALAFCO placed its first order for the A350 XWB in 2007 when it ordered 12 A350-800s. these were later upsized to the larger A350-900 in 2010. The A350-900 typically has a capacity of around 40 more seats than the A350-800.
The leasing company is jointly owned by the Kuwait Finance House and Kuwait Airways, the flag carrier of Kuwait.