ALAFCO is an aircraft-leasing

Aircraft finance

Aircraft finance refers to financing for the purchase and operation of aircraft. Complex aircraft finance shares many characteristics with maritime finance, and to a lesser extent with project finance....

 company, based in Kuwait

Kuwait

The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...

. It is jointly owned by the Kuwait Finance House and Kuwait Airways

Kuwait Airways

Kuwait Airways is the national airline of Kuwait, with its head office on the grounds of Kuwait International Airport, Al Farwaniyah Governorate. It operates scheduled international services throughout the Middle East, to the Indian subcontinent, Europe, Southeast Asia and North America, from its...

, the flag carrier

Flag carrier

A flag carrier is a transportation company, such as an airline or shipping company, that, being locally registered in a given country, enjoys preferential rights or privileges, accorded by the government, for international operations. It may be a state-run, state-owned or private but...

 of Kuwait. Its lease terms are Islamic economical jurisprudence

Sharia

Sharia law, is the moral code and religious law of Islam. Sharia is derived from two primary sources of Islamic law: the precepts set forth in the Quran, and the example set by the Islamic prophet Muhammad in the Sunnah. Fiqh jurisprudence interprets and extends the application of sharia to...

-compliant.

Customers

ALAFCO's customers include Royal Jordanian

Royal Jordanian

Royal Jordanian Airlines is the flag carrier of Jordan with its head office in Amman, Jordan, operating scheduled international services over four continents from its main base at Queen Alia International Airport at Amman Jordan. Royal Jordanian is a member of the Arab Air Carriers Organization...

, Malaysia Airlines

Malaysia Airlines

Malaysian Airline System Berhad , DBA Malaysia Airlines , is the government-owned flag carrier of Malaysia. Malaysia Airlines operates flights from its home base, Kuala Lumpur International Airport, and its eastern hub in Kota Kinabalu. It has its headquarters on the grounds of Sultan Abdul Aziz...

, Air Europa, Turkish Airlines

Turkish Airlines

Turkish Airlines is the national flag carrier airline of Turkey, headquartered in the Turkish Airlines General Management Building on the grounds of Atatürk Airport in Yeşilköy, Bakirköy district, Istanbul...

, China Eastern Airlines

China Eastern Airlines

China Eastern Airlines Corporation Limited is an airline headquartered on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai, China. It is a major Chinese airline operating international, domestic and regional routes. Its main hubs are at Shanghai Pudong...

, Yemenia

Yemenia

Yemenia , also known as Yemen Airways is the national airline of Yemen, based in Sana'a. It operates scheduled domestic and international passenger flights to destinations in Africa and the Middle East, as well as to Asia and Europe, out of its hubs at Sana'a International Airport, and Aden...

, Air India

Air India

Air India is the flag carrier airline of India. It is part of the government of India owned Air India Limited . The airline operates a fleet of Airbus and Boeing aircraft serving Asia, Australia, Europe and North America. Its corporate office is located at the Air India Building at Nariman...

, China Southern Airlines

China Southern Airlines

China Southern Airlines is an airline headquartered in Baiyun District, Guangzhou, Guangdong Province, People's Republic of China. It is the world's sixth-largest airline measured by passengers carried, and Asia's largest airline in terms of both fleet size and passengers carried...

, Wataniya Airways

Wataniya Airways

Wataniya Airways was a publicly traded company on the Kuwait Stock Exchange, Wataniya Airways' hub was the exclusive Sheikh Saad Terminal in Kuwait while its corporate headquarters in Kuwait International Airport, Al Farwaniyah Governorate, Kuwait. The airline was founded in 2006 and received an...

, Sky Airlines

Sky Airlines

Sky Airlines is an airline which operates chartered flights. It is based in Antalya, Turkey, operating on behalf of tour operators on short and medium haul routes into Turkey. The company was established in 2000 and started operations in 2001. It is wholly owned to by Kayi Group...

, Saudi Arabian Airlines

Saudi Arabian Airlines

Saudi Arabian Airlines is the flag carrier airline of Saudi Arabia, based in Jeddah. It operates domestic and international scheduled flights to over 90 destinations in the Middle East, Africa, Asia, Europe and North America...

 and GoAir.

Future planned leases include six 787s for Oman Air

Oman Air

Oman Air is the national airline of Oman. Based on the grounds of Muscat International Airport in Muscat, it operates scheduled domestic and international passenger services, as well as regional air taxi and charter flights. Its main base is Muscat International Airport. Oman Air is a member of...

.

Fleet

In October 2006, ALAFCO was planning to increase its fleet to 80 aircraft by 2015, up from the current 18.

Announced fleet expansions

Date	Aircraft	Delivery date	Reference
12 March 2007	12 787-8 Boeing 787 The Boeing 787 Dreamliner is a long-range, mid-size wide-body, twin-engine jet airliner developed by Boeing Commercial Airplanes. It seats 210 to 290 passengers, depending on the variant. Boeing states that it is the company's most fuel-efficient airliner and the world's first major airliner to use... , 6 737-800 Boeing 737 Next Generation The Boeing 737 Next Generation, commonly abbreviated as Boeing 737NG, is the name given to the -600/-700/-800/-900 series of the Boeing 737 after the introduction of the -300/-400/-500 Classic series. They are short- to medium-range, narrow-body jet airliners...	n/a
18 June 2007	12 Airbus A350 Airbus A350 The Airbus A350 is a family of long-range, wide-body jet airliners under development by European aircraft manufacturer Airbus.A consortium originally comprising European aerospace companies from the UK, France, Spain and West Germany, Airbus is now fully owned by EADS and since 2001 has been known...  XWB, 7 A320 Airbus A320 family The Airbus A320 family is a family of short- to medium-range, narrow-body, commercial passenger jet airliners manufactured by Airbus Industrie.Airbus was originally a consortium of European aerospace companies, and is now fully owned by EADS. Airbus's name has been Airbus SAS since 2001...	2015
8 July 2007	10 Boeing 787 Boeing 787 The Boeing 787 Dreamliner is a long-range, mid-size wide-body, twin-engine jet airliner developed by Boeing Commercial Airplanes. It seats 210 to 290 passengers, depending on the variant. Boeing states that it is the company's most fuel-efficient airliner and the world's first major airliner to use...	2015
26 June 2011	6 Airbus A350-900 XWB Airbus A350 The Airbus A350 is a family of long-range, wide-body jet airliners under development by European aircraft manufacturer Airbus.A consortium originally comprising European aerospace companies from the UK, France, Spain and West Germany, Airbus is now fully owned by EADS and since 2001 has been known...

See also

• Commercial Aircraft Sales and Leasing
  Commercial Aircraft Sales and Leasing
  Commercial Aircraft Sales and Leasing is a common phrase used to describe organizations which typically market used commercial airliners and related equipment to governments and other various customers from manufacturers such as Airbus and Boeing as a primary function...
  
  
• Option (aircraft purchasing)
  Option (aircraft purchasing)
  An option, when purchasing aircraft, allows an airline to purchase additional aircraft in the future at an agreed price and date.When placing orders for new aircraft, airlines commonly obtain options from the aircraft manufacturer, for example Airbus or Boeing...
  
  

External links

• ALAFCO website