ALAFCO Announce Commitment for 20 737 MAX 8s

By Airline Adviser | June 19, 2017

Courtesy Boeing

LE BOURGET, France, June 19, 2017 /PRNewswire/ — Boeing [NYSE: BA] and Kuwait-based ALAFCO Aviation Lease and Finance Company (ALAFCO) announced a commitment for 20 737 MAX 8s at the 2017 Paris Airshow, valued at $2.2 billion at current list prices.

ALAFCO, a global provider of commercial aircraft leasing products, already has unfilled orders for 20 737 MAX airplanes and was also one of the first Middle East customers for the 787 Dreamliner. The new commitment when finalized, will boost the lessor’s order to 40 737 MAXs.

“As a lessor, we are committed to provide our global customer base with technologically-advanced aircraft,” said Ahmad Alzabin, chief executive officer and vice-chairman, ALAFCO. “Fuel efficiency, operational reliability and efficiency are key factors for our airline customers and the 737 MAX will help us meet those demands in the single-aisle market.”

Source Boeing / Edited By Airline Adviser 06/19/17

Posted in Airline Adviser, ALAFCO, Boeing