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Press Releases

2010/04/27
ALAFCO Aviation Lease and Finance Company reported a net profit of KD 5 million for the first half of its current fiscal year

ALAFCO Aviation Lease and Finance Company reported a net profit of KD 5 million (US$ 17.36 million) for the first half of its current fiscal year that ended 31 March 2010.

2009/11/10
ALAFCO announces profit of KD 10.2 million for 2009

The Chairman and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company Mr. Ahmad A. Alzabin announced the company realized a net profit of K.D. 10.2 million (US $35.6 million) in the fiscal year that ended 30 September 2009.

2009/10/04
ALAFCO Delivers The First Of 13 Airbus A320 Aircraft To Saudi Arabian Airlines

Saudi Arabian Airlines (Saudia), Saudi Arabia’s national airline, took the first step in fleet modernization by taking delivery of its first A320 aircraft from Alafco Aviation Lease and Finance Company (ALAFCO).

2009/04/22
ALAFCO operating profit during the 1st Half of the current fiscal year reached KD 6.2 million

Chairman and CEO of ALAFCO Aviation Lease And Finance Company, Ahmad A. Alzabin announced that the operating profit of the company during the 1st Half of the current fiscal year that ended 31 March 2009 reached KD 6.2 million

2008/12/17
Press statement on the general assembly meeting of ALAFCO Aviation Leasing and Finance Company. Dated 17/12/2008 - Kuwait Chamber of Commerce and Industry

It is my pleasure to welcome the press, whom we view as partners to our success, at the threshold of a new year for ALAFCO Aviation Lease and Finance Company.

2008/11/12
ALAFCO Leases Six B787 Dreamliner Aircraft to Oman Air

ALAFCO Aviation Lease And Finance Company and Oman Air have signed a memorandum of understanding for the lease of six (6) Boeing B787 Dreamliner aircraft for a term of twelve years.

2008/11/13
ALAFCO sells 5 A320-200 aircraft valued at US$ 325 million to Aref Holding Group

ALAFCO Aviation Lease and Finance Company and Aref Holding Group announced the signature of an agreement whereby ALAFCO will sell to Aref Logistics Company (Rubban) 5 new A320-200 aircraft.

2008/11/11
Alafco signs another agreement with Saudi Arabian Airlines for the lease of 8 Airbus A320-200 aircraft increasing the total number of aircraft to 25 valued at US$ 3.3 billion

Alafco Aviation Lease and Finance Company announced the signing of an agreement for the lease of 8 Airbus A320-200 aircraft to Jeddah based Saudi Arabian Airlines.

2008/06/26
Saudi Arabian Airlines and Kuwait based Alafco Aviation Lease and Finance Company announced their agreement for the sale and lease of 17 Boeing and Airbus aircraft to Saudi Arabian Airlines to be delivered during the period from 2009 until 2015.

The Chairman & Chief Executive Officer of Alafco Aviation Lease and Finance Company Mr. Ahmad Abdullah Alzabin stated that the agreement includes the sale of 8 Boeing Dreamliner B787-9 aircraft with the total value of US$ 1.6 billion, at list prices, to be delivered between 2014 and 2015.

2008/05/25
ALAFCO sells 5 A320-200 aircraft valued at US$ 325 million to Aref Holding Group

ALAFCO Aviation Lease and Finance Company and Aref Holding Group announced the signature of an agreement whereby ALAFCO will sell to Aref Logistics Company (Rubban) 5 new A320-200 aircraft. The transaction is valued at US$ 325 million at list prices. Rubban plans to operate these aircraft through its subsidiaries in the Kingdom of Saudi Arabia and the Republic of Bangladesh.

2008/04/23
40% increase of dividend per share

Ahmad Abdullah Alzabin, Chairman and CEO of ALAFCO Aviation Lease and Finance Company said that the Company has realized net profit to K.D. 4.271 millions in the first half of current fiscal year representing an increase of 40% over the same period last year. Earnings per share amounted to Fils 6.52 i.e. an increase of 40%.

2008/01/22
The current year will witness regional expansion through many transactions Alzabin: ALAFCO first quarter profits increased 37.5% to K.D. 2.2 million

Ahmad Abdullah Alzabin, Chairman and CEO of ALAFCO Aviation Lease and Finance Company said the Company realized a net profit of K.D. 2.2 million in the first quarter of the current fiscal year, representing an increase of 37.5 percent over the same period last year. Earnings per share amounted to Fils 3.34, an increase of 37.4 percent.

2007/09/23
ALAFCO Leases Six B787 Dreamliner Aircraft to Oman Air

ALAFCO Aviation Lease And Finance Company and Oman Air have signed a memorandum of understanding for the lease of six (6) Boeing B787 Dreamliner aircraft for a term of twelve years. Oman Air would be the first airline in the Gulf region to lease the Dreamliner aircraft which are expected to be delivered to the carrier in 2012, 2014 and 2015.

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