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Article: ALAFCO Aviation Lease And Finance Company financial results
- Article from:
- Al Bawaba
- Article date:
- April 22, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Chairman and CEO of ALAFCO Aviation Lease And Finance Company,
Ahmad A. Alzabin announced that the operating profit of the company
during the 1st Half of the current fiscal year that ended 31 March
2009 reached KD 6.2 million, and that ALAFCO earned a net profit of
KD 3.2 million. The company's assets reached KD 317 million and
shareholders equity reached KD 88.6 million during the quarter.
During the first half of the year ALAFCO got a step closer
towards realizing its expansion plans in the region when it
delivered to Kuwait national carrier Wataniya Airways its second
Airbus A320-200 aircraft on lease.
Further, he mentioned that major airlines have plans of replacing
older ...