O C F A L A

: o t o h P

ALAFCO AVIATION LEASE AND FINANCE COMPANY K.S.C.C.

Headquartered in Kuwait, ALAFCO Aviation Lease The company takes pride in leasing and managing and Finance Company K.S.C.C. is a Sharia’h-based leases to its nineteen airlines. global aircraft leasing company. The company was The customers are as follows: Air Europa founded in 1992 by Kuwait Airways Corporation (one B737-800), Malaysian Airlines (two B777-200ER), (KAC) and acquired by Kuwait Finance House (KFH) China Eastern Airlines (one A320-200, two A319-100, in 2000. Over the years, ALAFCO has built a strong and one B737-800), (two and a highly reputable image in the aircraft leasing B777-200ER), Royal Jordanian (two A320-200), Turkish industry. In 2006, ALAFCO was listed on the Kuwait Airlines (five B737-800 and three A320-200), Stock Exchange. Ethiopian Airlines (four B737-800), Go Air (four A320- ALAFCO’s three main products are: 200), Olympic Air (four A320-200), Saudi Arabian Operating Lease: ALAFCO as a lessor acquires Airlines (thirteen A320-200), VietJet Air (three A320- certain aircraft at its risk and transfers the product to 200), Sky Airlines (two B737-900ER and one A320- the lessee as the lease object. Payments are received 200), TransAero Airlines (one B737-800 and one from the lessee over a specified period of time B777-200ER), Okay Airways (two B737-800), depending on the agreed terms. Caribbean Airlines (one B737-800), Air China (one Sale and Leaseback: Sale and leaseback is a B737-800), BMI British Midland (one A330-200), financial transaction in which the seller (airline) of Emirate Airlines (two A340-300), and Martinair (one the aircraft sells the product to the lessor (ALAFCO). MD11-CF). In addition, ALAFCO concluded lease The aircraft is then leased back from the lessor to the agreements for the lease of 6 A350-900XWB lessee (seller) and the aircraft will no longer be aircraft with Thai Airways for a period of 12 years. owned by the seller. To meet the increasing global demand for aircraft Aircraft Lease Management: Air transportation over the next ten years, ALAFCO has placed orders is a fast growing and a very competitive industry. It is for 105 new narrow and wide body aircraft from also highly capital intensive and sensitive to business Airbus and Boeing valued at USD $13.4 billion at cat - cycle, which is why no individual or corporate alogue prices. In the narrow body category, the com - investor can be exempt from the industry uncertain - pany has on order 85 Airbus A320neo aircraft pow - ties. ALAFCO offers a range of advisory services to ered by Pratt & Whitney and CFM engines. In the other parties with regards to aircraft acquisition, wide body category, ALAFCO has on order 8 Boeing lease management, and aircraft remarketing. B787 Dreamliners and 12 Airbus A350XWB. ALAFCO has a highly experienced management ALAFCO’s brand has become predominant team and has established excellent business rela - because it is about integrity and excellence in cus - tionships with the leading commercial aircraft com - tomer service. ALAFCO unfolds its corporate mes - panies and the supply chain emanating from them. sage by way of its characteristic competencies and Always keen to listen to the market, ALAFCO has through its strong tie-ups with its shareholders and rapidly established itself as a world class lessor of industry related partners, thereby satisfying cus - passenger jet aircraft to airlines around the world. tomers’ needs worldwide. ALAFCO’s portfolio consists of 60 owned and man - aged aircraft from Airbus and Boeing aircraft families. m www.-kw.com

86

KUWAIT INTERNATIONAL AIRPORT YEARBOOK AND DIRECTORY 2013 – 2014