Kuwait's ALAFCO earns $28.8m in nine months

13 July 2009

Kuwait-based Aviation Lease and Finance Co. (ALAFCO) has reported earnings of KD8.3 million ($28.8m) between October 2008 and June 2009. Assets had reached KD339 million, while shareholders' rights had grown 33% to KD93 million, the firm's Chairman Ahmad Alzabin has said. ALAFCO offers a variety of consultative services in relation to aircraft acquisition and disposal, lease management and technical monitoring.

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