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ALAFCO Aviation Lease and Finance Company

Date of becoming Industry Partner in AACO: 2003

ALAFCO Aviation Lease and Finance Company, headquartered in Kuwait, is a Shariah-compliant aircraft leasing company. ALAFCO’s current portfolio consists of 63 Airbus and Boeing aircraft – comprising of A320, B737 and B777 aircraft – leased to 21 airlines in 14 countries across the world. ALAFCO's main activities include aircraft operating leases, sale and leaseback operations and aircraft lease management services.
 
The company has 123 aircraft on direct order with Boeing and Airbus. The order book includes 67 A320neo, 10 A321neo, 6 A350-900XWB and 40 B737-8MAX aircraft. The ordered aircraft are scheduled for delivery from 2018 to 2023.
 
ALAFCO currently leases to three AACO members, ALAFCO has on lease 2 B77-300ER to Kuwait Airways, 10 A320 aircraft with Saudia and 1 A320 aircraft with Royal Jordanian. In addition, ALAFCO has on lease 2 B737-800 aircraft with Jet Airways – which is an AACO Partner Airline. The company values the role AACO plays in the region, and looks forward to adding more members to its client list.
 
ALAFCO has been listed on the Kuwait Stock Exchange since 2006.

Regional Main Contact

Name: Eng. Ali ALKulaib
Position: Manager - Aircraft. Engineering
Telephone: +965-22402207
Fax: +965-22405225
Website: www.alafco.com
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