KUWAIT: Shariah compliant Aviation Lease and Finance Company (ALAFCO), a subsidiary of Kuwait Finance House, has agreed to lease six new Airbus planes to Thai Airways.
The announcement comes after ALAFCO ordered six Airbus A350-900 jets at the Paris Air Show, which was held from the 20th until the 26th June.
Thai Airways will lease the aircraft for 12 years from 2017, when the aircraft will be delivered to ALAFCO. The list price of the aircraft stands at US$1.6 billion, while its monthly lease rate is 1%.