What is Alafco?
ALAFCO, publicly traded on the Kuwait Stock Exchange, operates as a prominent aircraft leasing firm. Its extensive portfolio features 65 Airbus and Boeing aircraft, deployed with 23 airlines across 15 countries spanning Europe, Asia, Africa, Latin America, and the Middle East. The company maintains a robust order book of 105 new-generation aircraft from Airbus and Boeing, including A320neo, A321neo, A350XWB, and B737 MAX models, with deliveries scheduled through 2023. This strategic expansion highlights ALAFCO's commitment to modernizing its fleet and meeting growing airline demands.
How much funding has Alafco raised?
Alafco has raised a total of $78.9M across 1 funding round:
Debt
$78.9M
Debt (2021): $78.9M, investors not publicly disclosed
What's next for Alafco?
The recent major strategic investment signals a period of accelerated growth and fleet expansion for Alafco. With a substantial order book for new technology aircraft, the company is well-positioned to capitalize on the post-pandemic recovery in air travel. This financing will likely support fleet modernization, further international market penetration, and potentially new leasing agreements. Alafco's trajectory suggests a continued focus on strengthening its global presence and enhancing its service offerings to a diverse airline clientele.
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