Airline

Alafco Will Defer New Purchases Next Year

Aviation Lease & Finance Co., (Alafco) will probably not make any purchases next year because airlines are struggling to emerge from recession. The Kuwaiti company currently has 70 planes on order with Boeing Company and Airbus SAS.   Chairman Ahmed Al Zabin said they will meet their target of delivering 18 aircraft to six customers this year but are planning to lease two less new planes in 2010.  

Al Zabin said “We did remarkably well considering that the financing wasn’t always available.”.  He said if the market comes back to normal, and if there is more demand, then they would make more purchases.  He said they are slowing down their purchase of aircraft but will continue to look for opportunities for aircraft that are available on a sale and leaseback basis.  Alafco just received their first new planes after previously limiting their business to buying planes, then renting them back to carriers.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
The Scientific Center

The Scientific Center

Kuwait, Kuwait

Located in Salmiya, The Scientific Centre in Kuwait serves as a hub for environmental education for the gulf region and also the largest aquarium in the Middle East. The three main attractions at the centre are the IMAX theatre, Discovery Place and Aquarium. Built with some of the most advanced technological equipment today, the center’s interiors are heavily influenced by Kuwaiti and Islamic art....

Tajrish Bazaar

Tajrish Bazaar

Tehran, Iran

can provide an interesting outing for the whole family. It is beautifully built in the architechtural style of old Persia and houses stalls that sell absolutely everything. ...

Benaki Museum

Benaki Museum

Athens, Greece

This consists of a private collection of thousands of pieces of art dating back to the Neolithic era. Treasures stored here range from gold goblets to intricate textiles, to bronze statues to entire rooms from Greek mansions in the 1700s. A new section of the Museum is the Benaki collection of Islamic Art.   Timings: Daily [except Tuesday] Address: 1 Koumbari Admission: 6 EUR Te...

Saigon Notre-Dame Basilica

Saigon Notre-Dame Basilica

Ho Chi Minh City, Vietnam

This cathedral, with its two bell towers, was built between 1863 and 1880 and remains a famous landmark of Ho Chi Minh City. Right in front of the cathedral is a garden with a beautiful statue of the Virgin Mary. Though the cathedral’s interior is rather plain, it’s still a beautiful structure and notable because of its historical significance. Location: Dong Khoi, District 1   &...