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Deferred payments push ALAFCO losses up

The Covid-crisis has forced Kuwaiti lessor ALAFCO to enter rent deferral agreements with eight of its 23 customer airlines, it says in its recently published report on FY21. Lease revenues were down by thirteen percent to KD 15.5 million and pushed losses up to KD...

Buying or leasing? That’s the question

Leasing of aircraft has taken a jump. Yet airlines prefer to buy them outright too. Richard Schuurman looks at the trends. Over the half a century of airliner leasing it has been a booming business. “In 1970 a half of one percent of the world’s fleet was leased. In...

Air India gets its first A320neo

Air India took delivery of its first of 14 A320neos leased from Kuwait-based ALAFCO.  Air India is the first CFM powered A320neo operator in India. This delivery is the first A320neo for ALAFCO from an order for 85. The A320neo is now part of Air India’s fleet of 66...

That bubble keeps building

The huge backlogs Airbus and Boeing have for single aisle aircraft are well known.  Both firms have backlogs of about seven years at current production levels.  Both firms are talking about and planning to increase their production rates to bring down the backlogs. We...