22Feb 2019
Friday

ALAFCO, SAS reach deal

Updated : Wednesday, 05 December 2018, 04:00:06 PM
The deal will prove instrumental in propelling the local aviation sector to new heights
Editorial Staff
By Editorial Staff
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KUWAIT CITY(IAMINKUWAIT):  Kuwait’s Aviation Lease and Finance Company (ALAFCO) has signed a 10-year deal with the Scandinavian region’s national carrier SAS to lease a quintet of aircraft from the Airbus A320 family. ALAFCO expects to receive the first airliner out of five by April of next year, the aircraft-leasing company’s deputy chairman and CEO Ahmad AlZaben said in a statement. The deal will prove instrumental in propelling the local aviation sector to new heights, he said. The Kuwait-based company engages in aircraft leasing and provides management, marketing and consultancy services to the aviation industry

Courtesy  : Kuwait Times

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