Saturday, 15 February 2014

Interview: Ahmad Alzabin, ALAFCO CEO

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Kuwait’s flag-carrier may be on life support, but the emirate has still produced a major success story for Gulf aviation. Martin Rivers meets Ahmad Alzabin, chief executive of Kuwaiti leasing firm ALAFCO.

The announcement by Kuwait Airways that it has signed a contract to purchase 25 aircraft and lease a further 12 was, on the surface, a welcome step forward by the heavily loss-making flag-carrier.

Airbus will deliver 15 A320neos and ten A350-900s over an unspecified timeframe, Kuwait Airways said in December, while also facilitating 12 short-term leases beginning in the second quarter of 2014. For an airline whose average aircraft age is 19 years, the long-awaited order would breathe new life into its fuel-guzzling fleet...