Airline

Alafco Will Defer New Purchases Next Year

Aviation Lease & Finance Co., (Alafco) will probably not make any purchases next year because airlines are struggling to emerge from recession. The Kuwaiti company currently has 70 planes on order with Boeing Company and Airbus SAS.   Chairman Ahmed Al Zabin said they will meet their target of delivering 18 aircraft to six customers this year but are planning to lease two less new planes in 2010.  

Al Zabin said “We did remarkably well considering that the financing wasn’t always available.”.  He said if the market comes back to normal, and if there is more demand, then they would make more purchases.  He said they are slowing down their purchase of aircraft but will continue to look for opportunities for aircraft that are available on a sale and leaseback basis.  Alafco just received their first new planes after previously limiting their business to buying planes, then renting them back to carriers.
 

More Airline
Emirates announces one-off A380 service to Islamabad
Emirates now offers two flights a day to Prague
Emirates launches service to London Stansted
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
ChangGyeong-gung Palace

ChangGyeong-gung Palace

Seoul, South Korea

It was built in 1104 for the kings of the Koryo Dynasty as a summer palace and became one of the main palaces of the Joseon Dynasty. The palace is connected to the Jongmyo Shrine which was used for sacrificial rites in the Joseon Dynasty.  The palace faces east to west, instead of the usual north to south. Admission: Adults (19 to 64 years old): 1,000 won; Groups: 800; Children (7 to ...

Zurich Zoo

Zurich Zoo

Zurich, Switzerland

The Zurich Zoo, or Zurich Zoologischer Garten, is one of the finest in Europe.  It opened in 1920 about 5km west of the city center.  Today more than 2,000 animals of more than 300 species call this zoo home.  It's located in the middle of a park, so there's a lot of open space.  All the zoo standards are here: lions, tigers, elephants, etc. The Masoala rain forest is an 1...

Lincoln Memorial

Lincoln Memorial

Washington DC, United States

A tribute to the country's 16th President, who led during the Civil War. The structure is designed as a neoclassical temple, similar to Parthenon in Greece with 36 fluted Doric columns representing states of the Union at the time of Lincoln’s death, plus two at the entrance. President Lincoln's Second Inaugural Address and his Gettysburg Address are both engraved on the walls of the memorial chamb...

What to do with Children in Tow

What to do with Children in Tow

Kuwait, Kuwait

Kuwait is a very child friendly place, offering a wide range of activities and entertainment to keep them busy and safe at all times. You can take them to spend a whole day at the many theme parks like Entertainment City, to a more educational setting like the Scientific Centre or the Zoological Park. There are also plenty of water sports and fishing excursions for children. ...