Aviation News Releases – Wednesday, July 21, 2010

ALAFCO, the Kuwait-based international Aviation Lease and Finance Company, has converted its existing firm order for 12 Airbus A350-800’s placed in 2007, into the higher capacity A350 -900 model.

The A350-900 is the first of the three members of the A350 XWB family to be introduced and will enter service in mid 2013.

ALAFCO’s main shareholder is Kuwait Finance House. ALAFCO specialises in Sharia-based commercial aircraft leasing.

“Our customers are seeing rapid recovery in demand. The A350-900 is best suited to meet the needs of our customers in the decades to come. The A350 XWB will be a strong asset in our portfolio,” said Ahmad Al Zabin, ALAFCO’s Chairman and Chief Executive Officer.

“Growth in the industry is undeniable. As passenger traffic begins to recover, we are delighted that ALAFCO have chosen the most popular A350 XWB model. This decision is further evidence of a wider industry trend towards larger aircraft,” said John Leahy, Airbus Chief Operating Officer Customers….

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