ALAFCO (Aviation Lease and Finance Company) is an aircraft-leasing company, founded in

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...

in 1992. The CEO is Adel Ahmad Albanwan. It is jointly owned by the

Kuwait Finance House Kuwait Finance House ( ar, بيت التمويل الكويتي) (KFH) was established in the Kuwait, State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Sharia, Shari'a rulings. KFH is listed in Kuwait Stock Exch ...

, Gulf Investment Corporation and

Kuwait Airways Kuwait Airways ( ar, الخطوط الجوية الكويتية, ) is the national carrier of Kuwait, with its head office on the grounds of Kuwait International Airport, Al Farwaniyah Governorate. It operates scheduled international services th ...

. Its lease terms are

Islamic economical jurisprudence Islamic economics ( ar, الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. Islam has a set of special moral norms and values about individua ...

-compliant.

Customers

ALAFCO's customers include

Royal Jordanian Royal Jordanian Airlines ( ar, ; transliterated: ''Al-Malakiyyah al-'Urduniyyah''), formerly known as Alia Royal Jordanian Airlines, is the flag carrier airline of Jordan with its head office in the capital, Amman. The airline operates scheduled ...

Malaysia Airlines Malaysia Airlines Berhad (MAB; ms, Penerbangan Malaysia Berhad), formerly known as Malaysian Airline System (MAS; ), and branded as Malaysia Airlines, is the flag carrier airline of Malaysia and a member of the Oneworld airline alliance. (The ...

Garuda Indonesia Garuda Indonesia is the flag carrier of Indonesia, headquartered at Soekarno–Hatta International Airport. A successor of KLM Interinsulair Bedrijf, it is a member of SkyTeam and the second-largest airline of Indonesia after Lion Air, operat ...

Air Europa Air Europa Líneas Aéreas, S.A.U., branded as Air Europa, is the third-largest Spanish airline after Iberia and Vueling. The airline is headquartered in Llucmajor, Mallorca, Spain; it has its main hub at Adolfo Suárez Madrid–Barajas Airport w ...

Turkish Airlines Turkish Airlines ( Turkish: ''Türk Hava Yolları'') is the national flag carrier airline of Turkey. , it operates scheduled services to 340 destinations in Europe, Asia, Africa, and the Americas, making it the largest mainline carrier in the w ...

China Eastern Airlines China Eastern Airlines Corporation Limited (), also known as China Eastern, is an airline headquartered in the China Eastern Airlines Building, on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai. It is ...

Pakistan International Airlines Pakistan International Airlines ( ur, ; abbreviated PIA, ur, ) is an international airline that serves as the national flag carrier of Pakistan under the administrative control of the Secretary to the Government of Pakistan for Aviation. It ...

Yemenia Yemenia ( ar, اليمنية) is the flag carrier airline of Yemen, based in Sanaa. It operates scheduled domestic and international passenger flights to destinations in Africa and the Middle East out of its hubs at Aden International Airport, a ...

Air India Air India is the flag carrier airline of India, headquartered at New Delhi. It is owned by Talace Private Limited, a Special-Purpose Vehicle (SPV) of Tata Sons, after Air India Limited's former owner, the Government of India, completed the sa ...

China Southern Airlines China Southern Airlines Company Limited is an airline headquartered in Baiyun District, Guangzhou, Baiyun District, Guangzhou, Guangdong Province and is the largest airline in China. Established on 1 July 1988 following the restructuring of ...

Sky Airlines Sky Airlines was an airline which operated chartered flights. It was based in Antalya, Turkey, operating on behalf of tour operators on short and medium haul routes into Turkey. History The company was established in 2000 and started operations ...

Saudi Arabian Airlines Saudia ( ar, السعودية '), formerly known as Saudi Arabian Airlines (), is the flag carrier of Saudi Arabia, based in Jeddah. The airline's main operational base is at King Abdulaziz International Airport in Jeddah. King Khalid Internati ...

Sun Country Airlines Sun Country Airlines is an American ultra-low-cost passenger and cargo airline, and the eleventh largest in the US by passengers carried. Based at Minneapolis–Saint Paul International Airport with headquarters on airport property, Sun Coun ...

VietJet Air VietJet Aviation Joint Stock Company ( vi, Công ty Cổ phần Hàng không VietJet), trading as VietJet Air (or simply Vietjet), is an international low-cost airline from Vietnam. It was the first privately owned new-age airline to be establi ...

Jet2.com Jet2.com Limited is a British low-cost leisure airline offering scheduled and charter flights from the United Kingdom. As of 2022, it is the third-largest scheduled airline in the UK, behind EasyJet and British Airways. Jet2 is also officia ...

, and

GoAir Go First, founded as GoAir, is an Indian ultra-low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate Wadia Group. In October 2017, it was the fifth largest airline in India with an 8.4% passenger mar ...

. Future planned leases include six 787s for

Oman Air Oman Air ( ar, الطيران العماني) is the national airline of the Sultanate of Oman. Based at Muscat International Airport in Seeb, Muscat, it operates domestic and international passenger services, as well as regional air taxi and ch ...

Fleet

In October 2006, ALAFCO was planning to increase its fleet to 80 aircraft by 2015, up from the current 18. After growing from 26 to 40 in 2010, Its fleet was reported as 70 aircraft in January 2020. In April 2020, ALAFCO sued

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product ...

for $336 million in Chicago federal court, accusing it of refusing to return advance payments on an order of

737 MAX The Boeing 737 MAX is the fourth generation of the Boeing 737, a narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA), a division of American company Boeing. It succeeds the Boeing 737 Next Generation (NG) and competes with th ...

planes (which were grounded worldwide) which it had cancelled the previous month. It later withdrew the suit, agreeing to order 20 instead of the planned 40.

Announced fleet expansions

References

External links

ALAFCO website
* {{DEFAULTSORT:Alafco Aircraft leasing companies

Customers

Fleet

Announced fleet expansions

See also

References

External links