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Kuwait’s Aviation Lease and Finance Firm (ALAFCO) has executed a framework settlement underneath which an order for 20 Boeing 737 Max 8 jets could be transferred to Macquarie AirFinance.
ALAFCO stated in a press release on Kuwait inventory alternate Wednesday that it has accomplished the novation of the Boeing order e book to Macquarie AirFinance by executing the settlement in respect of the Max buy settlement dated October 2012.
The settlement will improve money and money equivalents by KD 21.7 million (equal to $70 million), which shall be mirrored within the firm’s second-quarter monetary statements for the fiscal 12 months 2022-2023.
ALAFCO was based in 2000, and was listed on Kuwait Bourse in 2006.
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