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ALAFCO Aviation Lease and Finance Company

Date of becoming Industry Partner in AACO: 2003

ALAFCO Aviation Lease and Finance Company, headquartered in Kuwait, is a Shariah-compliant aircraft leasing company. ALAFCO’s current portfolio consists of 67 Airbus and Boeing aircraft – comprising of A320, B737, A350 and B777 aircraft – leased to 20 airlines in 14 countries across the world. ALAFCO's main activities include aircraft operating leases, sale and leaseback operations and aircraft lease management services.
The company has 115 aircraft on direct order with Boeing and Airbus. The order book includes 61 A320neo, 10 A321neo, 4 A350-900XWB and 40 B737-8MAX aircraft. The ordered aircraft are scheduled for delivery from 2019 to 2023.

ALAFCO has a strong track record of working closely with several AACO members, these include, Kuwait Airways, Saudia, Royal Jordanian and Yemenia. The company values the role AACO plays in the region and looks forward to adding more members to its client list.
ALAFCO has been listed on the Kuwait Stock Exchange since 2006.

Regional Main Contact

Name: Eng. Ali ALKulaib
Position: Vice President Engineering
Telephone: +965-22402207
Fax: +965-22405225
Website: www.alafco.com
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