Kuwait Airways to order 12 B 788s + 7 A 320s
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Kuwait Airways to order 12 B 788s + 7 A 320s
Kuwait Airways plans to buy 12 Boeing Co. and seven Airbus planes from Kuwait's Aviation Lease and Finance Co. (ALAFCO) for about $3 billion, a Kuwait Airways official said on Monday.
The state-owned airline, which is looking to spend as much as $6 billion to replace its ageing fleet, will order the aircraft from the Kuwaiti lessor rather than the manufacturers so as to get them earlier, said the official, who did not want to be identified.
ALAFCO, which is majority owned by Islamic bank Kuwait Finance House, has standing orders for some of the aircraft Kuwait Airways is planning to buy, including 12 Boeing 787 Dreamliners for delivery in 2010, the official said.
The airline also plans to purchase seven single-aisle Airbus A320s from ALAFCO for delivery in 2009, and take options for seven more, the official said.
"We get the planes cheaper and quicker from ALAFCO," the official said, declining to be more specific.
Kuwait's al-Watan newspaper reported the planned order earlier on Monday.
Ahmad al-Zabin, ALAFCO's chief executive officer, could not immediately be reached for comment.
Kuwait Airways owns 11.5% of ALAFCO, which usually buys and leases out planes to airlines.
In March ALAFCO ordered 12 Boeing 787s and six 737-800s valued at $2.26 billion at list prices. In November it ordered six Airbus A320s.
Shares in ALAFCO closed 1.75% higher on Monday. Shares in Kuwait Finance House fell 1.5%.
The state-owned airline, which is looking to spend as much as $6 billion to replace its ageing fleet, will order the aircraft from the Kuwaiti lessor rather than the manufacturers so as to get them earlier, said the official, who did not want to be identified.
ALAFCO, which is majority owned by Islamic bank Kuwait Finance House, has standing orders for some of the aircraft Kuwait Airways is planning to buy, including 12 Boeing 787 Dreamliners for delivery in 2010, the official said.
The airline also plans to purchase seven single-aisle Airbus A320s from ALAFCO for delivery in 2009, and take options for seven more, the official said.
"We get the planes cheaper and quicker from ALAFCO," the official said, declining to be more specific.
Kuwait's al-Watan newspaper reported the planned order earlier on Monday.
Ahmad al-Zabin, ALAFCO's chief executive officer, could not immediately be reached for comment.
Kuwait Airways owns 11.5% of ALAFCO, which usually buys and leases out planes to airlines.
In March ALAFCO ordered 12 Boeing 787s and six 737-800s valued at $2.26 billion at list prices. In November it ordered six Airbus A320s.
Shares in ALAFCO closed 1.75% higher on Monday. Shares in Kuwait Finance House fell 1.5%.
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Since when has Kuwait Airways been operating the A332?
http://www.planepictures.net/netshow.php?id=648253
http://www.planepictures.net/netshow.php?id=648253
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Alafco says 19-plane order with Kuwait Air cancelled
KUWAIT, Aug 28 (Reuters) - Kuwait's Aviation Lease and Finance Co (Alafco) said on Tuesday an initial agreement to supply 19 aircraft to state carrier Kuwait Airways had been cancelled.
'The letter of intent signed with Kuwait Airways to supply 19 aircraft is considered cancelled,' the firm said in a statement on the bourse Web site.
'Alafco received a letter from Kuwait Airways saying it has not obtained the necessary government approval to sign a final deal with Alafco,' it added.
Shares of Alafco plunged more than 7 percent after the news.
http://version2.arabtimesonline.com/cli ... 17&ccid=18
KUWAIT, Aug 28 (Reuters) - Kuwait's Aviation Lease and Finance Co (Alafco) said on Tuesday an initial agreement to supply 19 aircraft to state carrier Kuwait Airways had been cancelled.
'The letter of intent signed with Kuwait Airways to supply 19 aircraft is considered cancelled,' the firm said in a statement on the bourse Web site.
'Alafco received a letter from Kuwait Airways saying it has not obtained the necessary government approval to sign a final deal with Alafco,' it added.
Shares of Alafco plunged more than 7 percent after the news.
http://version2.arabtimesonline.com/cli ... 17&ccid=18
Raihan SR Bakhsh
flickr.com/photos/raihanshahzad
EY-B77W, A345, A320, A319, EK-B773, B77W, A388, FZ-B738, GF-L1011, B732, A332, A320, A319, KU-A343, AB6, A310, A320, NL-A320, PK-B707/720, B733, B772, B77L, AB4, A310, A320, QR-A320, A321, A333, A359, A35X, B77W, B788, WY-B738, B739, A333
flickr.com/photos/raihanshahzad
EY-B77W, A345, A320, A319, EK-B773, B77W, A388, FZ-B738, GF-L1011, B732, A332, A320, A319, KU-A343, AB6, A310, A320, NL-A320, PK-B707/720, B733, B772, B77L, AB4, A310, A320, QR-A320, A321, A333, A359, A35X, B77W, B788, WY-B738, B739, A333
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Also, from today's ARAB TIMES:
Raihan SR Bakhsh
flickr.com/photos/raihanshahzad
EY-B77W, A345, A320, A319, EK-B773, B77W, A388, FZ-B738, GF-L1011, B732, A332, A320, A319, KU-A343, AB6, A310, A320, NL-A320, PK-B707/720, B733, B772, B77L, AB4, A310, A320, QR-A320, A321, A333, A359, A35X, B77W, B788, WY-B738, B739, A333
flickr.com/photos/raihanshahzad
EY-B77W, A345, A320, A319, EK-B773, B77W, A388, FZ-B738, GF-L1011, B732, A332, A320, A319, KU-A343, AB6, A310, A320, NL-A320, PK-B707/720, B733, B772, B77L, AB4, A310, A320, QR-A320, A321, A333, A359, A35X, B77W, B788, WY-B738, B739, A333
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They will easily find customers to lease the B 787s and A 320s to as both types of aircraft are in high demand worldwide.
My website is :
http://airline-updates.blogspot.com/
http://airline-updates.blogspot.com/