Finance Co
Kuwait's Alafco Q1 profit soars on one-time gains
Wed, 2011-01-19 14:41 — newsdeskKuwait’s Aviation Lease and Finance Co posted a nearly 10-fold jump in first-quarter net profit after earning a one-time revenue of 20 million dinars ($71 million). "The sharp increase in profit … was due to amendments to some contracts that contributed additional one-time revenue of around KD 20 million,” the statement said.
Alafco said it plans to reach a fleet of 100 aircraft by 2015.
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