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Alafco may list shares in foreign market
- Kuwait: Monday, January 21 - 2013 at 04:26
Kuwaiti aircraft lessor Alafco has said it may list part of the company's shares in a foreign market, Bloomberg has reported. Shareholders gave their approval on January 17 to conduct a feasibility study, Alafco said, without providing further details. Alafco, which posted a full-year profit of KD25.6m ($91m), agreed to buy 20 Boeing 737 Max aircraft valued at $1.9bn at current list prices, Boeing said in July. Airbus said in February it won an order for 35 A320neo planes from Alafco, raising the company's backlog to 85.
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