Dubai Airshow, ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, has finalised a purchase order for 50 A320neo Family aircraft and took options for 30 more to be finalized by year end.
READ MOREDubai, –CFM International has booked orders and commitments for nearly 2,660 LEAP engines to power Airbus A320neo, Boeing 737 MAX, and COMAC C919 aircraft at a value of more than $32 billion U.S. at list price.
READ MOREJeddah, Saudi Arabia, International Finance Corporation a member of the World Bank Group, is helping Saudi Arabia expand Medina’s international airport under a public-private partnership project that is the first of its kind in the region and is expected to spur economic development and help accommodate a growing number of religious pilgrims.
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Comlux The Aviation Group is pleased to announce the appointment of Ali Ahmed Al Naqbi, Senior Vice President Business Development, as a new member of its Board of Directors.
READ MOREALAFCO, the Kuwait-based international Aviation Lease and Finance Company, has signed an agreement for 30 Airbus A320neo aircraft. The Memorandum of Understanding (MoU) was signed at the 49th Paris airshow in Le Bourget. It follows the placing of an earlier firm order for six A350-900 aircraft.
READ MOREKuwait City, ALAFCO Aviation Lease and Finance Company announced its financial results for the first quarter of the current fiscal year that ended 31 December 2010. The company earned a net profit of KD 21.8 million during the period, increasing around ten fold compared to KD 2.3 million reported during the same period last year.
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Dubai, flydubai, Dubai's first low cost airline, has announced aircraft financing worth more than US$750m in deals with GECAS (General Electric Capital Aviation Services) and BBAM. The financing will take care of the next nine aircraft flydubai is due to receive and secures all the airline's financing requirements until June 2011.
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