LONDON — Kuwait-based aircraft leasing firm ALAFCO Aviation Lease and Finance Company, announced on Thursday at the Farnborough Airshow, a change on its existing order for 10 A320neo to instead take 10 of the larger A321neo variant.
“In a continuously growing market, ALAFCO is fully focused on offering its customers the most modern, technologically advanced and economically efficient aircraft. With the A321neo we will be able to look forward to even greater levels of efficiency and offer our customers some of the best that the industry has to offer,” said Ahmad A. Alzabin, ALAFCO Chairman & CEO.
“This upsizing from A320neos to A321neos confirms the market trend for larger aircraft. The A321neo will bring Alafco’s customers unbeatable economics and the highest standard of passenger comfort. It is the ideal middle of the market aircraft,” said John Leahy, Airbus chief operating officer, Customers.
The new contract is part of an order placed by the leasing firm in 2012 for 85 A320neos. Of these, 14 will be delivered to Air India, as part of a 12-year lease contract subscribed last March during the India Aviation airshow in Hyderabad.
To date, ALAFCO’s portfolio consists of 50 Airbus and Boeing aircraft, leased to 14 airlines in 13 countries across Europe, Asia, Africa, Latin America and the Middle East.