ALAFCO is a leading aircraft leasing company based in Kuwait and is listed on the Kuwait Stock Exchange. ALAFCO has major institutional shareholders such as Kuwait Finance House (KFH), Gulf Investment Corporation (GIC) and Kuwait Airways Corporation (KAC). ALAFCO operates based on Sharia principles.
ALAFCO’s portfolio consists of 79 Airbus and Boeing aircraft, leased to 23 airlines in 15 countries across Americas, Africa, Asia-Pacific, Europe, and the Middle East. ALAFCO’s remaining order book comprises of 68 new technology aircraft from Airbus and Boeing including 38 A320neo, 10 A321neo, and 20 B737 MAX. Deliveries are scheduled to take place between 2022 and 2028.