ALAFCO Aviation Lease and Finance Co KSCP News - Mubasher Info
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31 July 03:28 PM

ALAFCO Aviation Lease and Finance Co KSCP

Last update: 5 March 01:16 PM market time.
131.00
1.00
0.77%
Open 130.00
Previous Close 130.00
High 137.00
Low 126.00
Stock Statistics
Volume 97,559
Turnover 12,599.67
All data are 15 minutes late during market session

News

Alafco’s order book with Boeing was reduced to 20 aircrafts instead of 40
4 August 2020 10:28 AM Alafco discontinues lawsuit filed against Boeing
Mubasher: Alafco Aviation Lease and Finance Company has discontinued its legal claim filed against The Boeing Company after reaching an agreement.  Alafco’s order book with Boeing was reduced to 20 aircrafts instead of 40 and the delivery dates …
Management Decisions
Alafco demands compensation for cancellation of an order of Boeing 737 MAX aircrafts
23 April 2020 01:48 PM Alafco files legal claim against Boeing for $336m
Mubasher: Alafco Aviation Lease and Finance Company has filed a lawsuit against The Boeing Company after several failed attempts by Alafco to reach a settlement to return advance payments worth $336 million. Alafco further demands compensation due …
Corporate Actions
Revenues increased by 23% to KWD 31.9 million
12 February 2020 04:44 PM ALAFCO records 103% higher profits in Q1
Mubasher: Alafco Aviation Lease and Finance Company’s net profits leaped by 103% year-on-year (YoY) to stand at KWD 9 million in the first quarter (Q1) ended on 31 December 2019, compared to KWD 4.4 million in the same period of the previous year. …
Financial Results
Hong Kong Airlines will pay an equivalent of KWD 8.2 million to Alafco
26 January 2020 10:31 AM Alafco to receive $27m from Hong Kong Airlines on ruling
Mubasher: Alafco Aviation Lease and Finance Company on Sunday announced that it has obtained a ruling in its favour from the Hong Kong High Court against Hong Kong Airlines.   The High Court decision obliged Hong Kong Airlines to pay Alafco $27 …
Companies Investments
The Murabaha facility agreement was signed in June 2019
22 January 2020 04:38 PM Alafco recieves last tranche of $600m Murabaha facility
Mubasher: Alafco Aviation Lease and Finance Company on Wednesday announced the successful closure of a $600 million five-year unsecured Murabaha facility as it received the last tranche of $80 million. The payment marked the last phase of the …
Companies Investments
Alafco partnered with new clients from Latin America & Scandinavians
5 January 2020 04:26 PM Alafco in negotiations to solve Boeing 737 Max crisis - Chairman
Mubasher: Alafco Aviation Lease and Finance Company has delivered and will continue delivering 25 new airplanes, along with their lease agreements, over 2019 and 2020, the company’s chairman, Ahmad Abdullah Al Zabin, disclosed to CNBC Arabia on …
International Agreements
Alafco reported a net profit of KWD 17.7 million in twelve months
31 December 2019 04:05 PM Alafco’s shareholders approve 8 fils/shr dividend
Mubasher: Alafco Aviation Lease and Finance Company announced that its ordinary general meeting (OGM) approved a cash dividend distribution of 8 fils per share, totalling KWD 7.62 million, for the fiscal year ended 30 September.   The dividends …
Cash Dividends
Two financing facilities were received from national and foreign banks
19 December 2019 04:45 PM Alafco receives $670m facilities
Mubasher: Alafco Aviation Lease and Finance Company secured two financing facilities from national and foreign banks, with a total value of $670 million, according to a bourse statement. Alafco received from Kuwait Finance House (KFH) a financing …
Company News
The transaction will continue until the first quarter of the fiscal year 2019/2020.
27 October 2019 09:59 AM Alafco achieves KWD 7.8m profit from selling aircraft
Mubasher: Alafco Aviation Lease and Finance Company has sold 13 new planes and others from the firm's portfolio as models of Airbus A320neo and Airbus A320-200 as well as signing their leasing contracts through an auction. Alafco will register …
Companies Investments
Total value of the two planes amounts to $80 million
21 August 2019 04:23 PM Alafco excludes $80m planes from leasing contract with Indian firm
Mubasher: Alafco Aviation Lease and Finance Company announced that it has excluded two Boeing B737-800 planes from its leasing contract with the Indian company Jet Airways, as the latter had failed to fulfill its obligations. Alafco highlighted …
Companies Investments
Profits amounted to KWD 13.135 million at the end of June
4 August 2019 10:17 AM Alafco profits plunge 58% in 9M
Mubasher: Alafco Aviation Lease and Finance Company posted a 58.2% year-on-year decline for the nine-month period ended 30 June 2019. Profits amounted to KWD 13.135 million ($43.22 million) at the end of June, versus KWD 31.432 million ($103.42 …
Financial Results
A prior meeting of Alafaco
14 July 2019 01:42 PM Alafco to review Q3-19 financials early August
Mubasher: Alafco Aviation Lease and Finance Company will hold a board meeting on 1 August 2019 in order to discuss the financial statements for the third quarter ended 30 June 2019, according to the firm’ statement to Boursa Kuwait on Sunday. It …
Event
The financial impact of the contract cannot be determined currently
2 July 2019 00:43 PM Jazeera Airways, Alafco sign $253m leasing contract
Mubasher: Jazeera Airways announced it has signed a contract to lease three planes from ALAFCO Aviation Lease and Finance Co after winning a tender offered by the Kuwaiti low-cost carrier. The three aircraft are Airbus models; the first one …
Company News
The value of the deal amounts to $442.5 million
27 June 2019 01:07 PM Alafco to lease 4 planes to Chile's Sky Airline
Mubasher: Kuwait-based Alafco Aviation Lease and Finance Co announced leasing four additional new A320neo Airbus jets to Chile's Sky Airline. The Kuwaiti firm won a tender launched earlier by Sky Airline, according to a statement to Boursa Kuwait …
Companies Investments
The positive valuation resulted from the company’s presence in various markets
25 June 2019 08:02 PM SICO Bank sets FV of Alafco with overweight recommendation
Mubasher: Bahrain-based SICO Bank has set the fair value of the stock of Alafco Aviation Lease and Finance Co. at 360 fils, with an ‘Overweight’ recommendation. The positive valuation of Alafco’s share resulted from the company’s presence in …
Trading Activities
Eight banks have contributed in this consolidated financing
24 June 2019 01:42 PM Alafco inks $470m unsecured consolidated loan
Mubasher: Alafco Aviation Lease and Finance Co has signed an unsecured consolidated financing agreement valued at $470 million for a period of five years. This unsecured loan will be operated by Al Ahli Bank of Kuwait (ABK) – Dubai International …
Companies Investments
The deal will not have a financial impact on Alafco’s position
23 June 2019 01:29 PM Alafco inks deal with CFM to expand LEAP fleet
Mubasher: Alafco Aviation Lease and Finance Co has signed a contract with CFM International to receive 60 jet engines of advanced LEAP-1A engines to power 30 firm Airbus craft, in addition to 20 option new Airbus A320neo for ten aircraft. This …
Companies Investments
Profits plunged to KWD 4.81 million in Q2-19
5 May 2019 04:47 PM Alafco Q2 profits decline 73% to KWD 5m
Mubasher: Aviation Lease and Finance (Alafco) posted a decrease of 73% in profits during the second quarter of ended on 31 March 2019 compared to the same period a year ago. Profits plunged to KWD 4.81 million in Q2-19 from KWD 17.59 million in …
Financial Results
The transaction’s financial impact will be realised in Alafco's financials as of Q3-19
23 April 2019 03:33 PM Alafco to lease 5 jets for Oman's SalamAir
Mubasher: Kuwait-based Aviation Lease and Finance (Alafco) has signed a KWD 168.2 million ($553 million) contract with Oman’s SalamAir. Upon the contract, SalamAir will lease five Airbus A320neo aircraft from Alafco and the delivery of the jets …
Companies Investments
All Boeing 737 Max-8 flights, including the transit, were suspended
13 March 2019 02:26 PM Kuwait grounds Boeing 737 Max-8 operations on crashes
Mubasher: The Directorate General for Civil Aviation (DGCA) in Kuwait has announced the suspension of all operations related to Boeing 737 Max-8 aircraft, following the crash of two planes of the same model in five months, Kuwait News Agency …
Companies Investments
Alafco's current fleet consists of 64 leased aircraft
13 March 2019 01:10 PM Alafco says Boeing 737 Max not part of fleet
Mubasher: Aviation Lease and Finance (Alafco) stated that its current fleet of leased planes does not include Boeing 737 Max 8 aircraft. Alafco said its current fleet consists of 64 leased aircraft, while it has registered an order of 118 planes …
Company News
Confidential negotiations are still ongoing between the buyer and purchaser
11 December 2018 04:37 PM Alafco inks $553m leasing contract
Mubasher: Aviation Lease and Finance (Alafco) has signed a leasing contract valued at $553 million (KWD 168.2 million) for five new A320Neo Airbus planes with Scandinavian Airlines System. Alafco noted that confidential negotiations are still …
Companies Investments
Alafco reported a rise of KWD 33.18 million in fiscal year ended on 30 September 2018
5 November 2018 04:01 PM Alafco Q4 profits shrink 89%; 10fils/shr dividends proposed
Mubasher: Aviation Lease and Finance (Alafco) has reported a decline of 89.2% in profits during the fourth quarter ended on 30 September 2018 compared to the same period in the previous year. Earning shrank to KWD 1.75 million ($5.78 million) in …
Financial Results
The aircraft is worth $361.5 million
1 August 2018 05:06 PM Alafco wins buy/lease deal from Kuwait Airways
Mubasher: Aviation Lease and Finance (Alafco) announced that it was awarded an auction offered by Kuwait Airways to purchase and release a Boeing B777-300ER aircraft. The leasing contract has a duration of 12 years, according to a bourse statement …
Companies Investments
Alafco closed Wednesday’s session 2% lower
18 July 2018 03:54 PM Alafco records KWD 32m profits in 9M
Mubasher: Aviation Lease and Finance (Alafco) achieved an increase of 4.8% in profits during the third quarter that ended on 30 June 2018 compared to the same period in the previous year. Earnings enlarged to KWD 6.06 million ($20.04 million) in …
Financial Results