Monday, November 14, 2011

Kuwaiti ALAFCO buys 50 Airbus A320neos

DUBAI: Kuwait-based leasing company ALAFCO on Monday signed an agreement with Airbus to buy 50 A320neo aircraft, valued at $4.6 billion at list price, the two sides announced at Dubai Airshow.

An option for an additional 30 units was also taken and was to be finalized by the end of the year, the companies told a news conference on the second day of the prestigious aviation show.

Airbus chief operating officer John Leahy said the value of the firm deal at list price was $4.6 billion.

"The firm contract signed today at the 2011 Dubai Airshow is an increase of the initial agreement made at the Paris Le Bourget Airshow for 30 A320neo aircraft," an Airbus statement said.

ALAFCO, or the Aviation Lease and Finance Company, had signed an agreement during the Paris air show in June to buy 30 Airbus A320neo medium-haul passenger jets.

http://www.dailystar.com.lb

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