Tagged: Alafco

Kuwait’s Alafco picks Deutsche to ‘advise’ on its London listing – Timing of GDR and amount still unknown

Kuwait’s Alafco picks Deutsche to ‘advise’ on its London listing – Timing of GDR and amount still unknown

Kuwaiti aircraft leasing company Alafco has hired Deutsche Bank to advise it on a potential sale of global depositary receipts (GDRs) in London. The bank is looking at Alafco’s operations to ensure it is ready for the additional scrutiny that comes with a London listing. The timing of the GDR sale and the amount, if any, that a listing could raise were still unknown. Alafco made a profit of 25.6 million dinars ($89.7 million) in its last financial year ended on Sept. 30, 2012, a 45 percent decline from the previous year.

ALAFCO signs $2.7b deal for 30 A320neo

ALAFCO signs $2.7b deal for 30 A320neo

ALAFCO announced a $2.7 billion deal to buy 30 Airbus A320neo.
The aircraft leasing firm signed a Memorandum of Understanding (MoU) at the 49th Paris Air Show in Le Bourget.
ALAFCO already ordered 26 A320s of which 25 have been delivered. Including thi…