Arab Banking Corporation (B.S.C.) launches a 12-year Syndicated Term Loan Facility for ALAFCO Aviation Lease And Finance Company K.S.C.C.
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Syndication has been launched for the 12 year Term Loan Facility for ALAFCO. The purpose of the facility is to part-finance the acquisition of five new Boeing B737-800 aircraft leased to and operated by Turkish Airlines Inc.
ALAFCO was first launched in 1992 as a subsidiary venture of Kuwait Airways Corporation. In 1999, Kuwait Finance House (KFH) acquired a controlling stake of the company. ALAFCO’s main shareholders are Kuwait Finance House (53%) and Kuwait Airways (11%).
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