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 Royal Barges

The Royal Barges

Bangkok, Thailand

Take a boat along the Chao Phraya River and stop over at the Royal Barges where visitors will be treated to the view of unique sailing vessels elaborately designed and painted with different etchings. These vessels are used by the Royal Family during state ceremonies as well as religious rites and rituals. The Garuda and the Dragon are mythological creatures commonly found etched on these barges...

Barri Gotic

Barri Gotic

Barcelona, Spain

Barri Gottic (or The Gothic Quarter) is Barcelona's old town. The area is home to winding streets, hidden squares and gothic old buildings. Tourists can visit the Cathedral of Santa Eulalia, the Church of Santa Maria del Pi, the Basilica of Santa Maria del Mar, and the Picasso Museum within the Barri Gottic compound. Visitors will enjoy the trip back in time to old Barcelona. ...

Bolshoi Theatre

Bolshoi Theatre

Moscow, Russia

Bolshoi means'grand' and this theatre is so because of its brilliant ballet and opera performances. It was built in 1825 to replace the Petrovka theatre which had been destroyed in a fire. Later on it had to be re-built following another fire in 1853. The theatre was intended to cater to the whims of the royal family and other nobles and was a status symbol. Performances include Swan Lake, Sleepin...

Masjid Jamek

Masjid Jamek

Kuala Lumpur, Malaysia

Situated at the confluence of the Klang River and the Gonbak River, where Kuala Lumpur was founded, the Masjid Jamek is the oldest mosque in the city.  Before 1965, it was the city’s main mosque.  It was designed by British architect Arthur Benison Hubbock, who also designed the city’s former railway station.  The architecture is inspired by the mosques of Mughal India, where Hubbo...