ALAFCO secures funding for first of four A321neos

ALAFCO secures funding for first of four A321neos

Kuwait-based lessor ALAFCO has closed financing for the first of four Airbus A320neos currently on lease to Air India.

Stellwagen Finance acted as the sole arranger. The firm sourced the financing from an unknown Asian financial institution – the senior lender. Veddar Price London acted as counsel for the lender.

Adel Al-Banwan, deputy CEO of ALAFCO said: “We are pleased and delighted to have finalized the commercial loan for the financing of four A320 NEOs on operating lease to Air India. The completion of the deal is a direct result of the dedication and efforts of Stellwagen as lead arrangers and ALAFCO, who have worked tirelessly to get this over the line.”

Alex Baldwin
By Alex Baldwin July 21, 2017 13:01