ALAFCO agrees to the sale of Three A320Neo aircraft to CCB

ALAFCO Aviation Lease and Finance Company announced today that it sold three new A320neo aircraft currently on long term operating leases with Sky Airlines, a low-cost carrier based in Santiago, Chile. The sale represents the first transaction of its kind between ALAFCO and CCB Leasing (“CCBLI”).

Photo by H. Goussé (Master Films) © Airbus 2018


Adel A. Albanwan, CEO of ALAFCO commented “ALAFCO is delighted to finalize the sale of the three A320neo aircraft to CCB Leasing. Our aircraft trading solution remains integral to our growth objectives, and once again we have demonstrated our ability to successfully market and sell these aircraft. We would like to extend our thanks to CCB Leasing and their team and look forward to future opportunities with the company. 


Kevin Mi, Managing Director at CCB Leasing commented “CCB Leasing is very happy to purchase the three A320neo aircraft from ALAFCO and to build a long-term relationship with ALAFCO. We are keen to grow and diversify our commercial jet portfolio globally. Teaming up with professional Lessors like ALAFCO is one of our strategic approach.”



ALAFCO is a Kuwait-based aircraft leasing company and is listed on the Kuwait Stock Exchange. ALAFCO’s portfolio consists of 65 Airbus and Boeing aircraft, leased to 23 airlines in 15 countries across Europe, Asia, Africa, Latin America and the Middle East. ALAFCO’s remaining order book comprises of 105 new technology aircraft from Airbus and Boeing including 51 A320neo, 10 A321neo, 4 A350XWB and 40 B737 MAX. Deliveries are scheduled to take place between 2019 and 2023. 


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