Leasing

AIRBUS CANCELLATION NETS ALAFCO HEALTHY PROFIT

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AIRBUS CANCELLATION NETS ALAFCO HEALTHY PROFIT

Aviation Lease & Finance Co (Alafco) has reported it made a gain of KD17m ($62m) after waiving an agreement with Airbus to buy six A350-900 aircraft for a third party. The aircraft lessor made a KD20m gain after waiving a contract last November for eight 787s to Saudi Arabian Airlines. Alafco si...

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