Kuwait firm orders six Airbus jets

Kuwait City: Kuwait's Aviation Lease and Finance Company (ALAFCO) has signed a deal to buy six Airbus A320 aircraft at a cost of $300 million, the company chairman announced yesterday.
Ahmad Al Zabin said in statements quoted by the Kuna news agency that delivery of the planes will start in 2009.
Al Zabin said last month the company's fleet will increase by 10 aircraft next year. ALAFCO is also managing 15 leased planes in favour of other owners.
Jointly owned by Kuwait Finance House (KFH), the emirate's leading Islamic bank, and the state-owned Kuwait Airways Corp (KAC), the company has long-term lease contracts with nine international companies including Indian, Chinese and Yemeni airlines.
05/11/06 Gulf Daily News, Bahrain

To Read the News in full at Source, Click the Headline