Arabian Airlines is to purchase eight Boeing 787-9 aircraft and lease another
four from Kuwaiti lessor
Aviation Lease and Finance Company (ALAFCO), under a $1.6 billion agreement.
of the leased aircraft, which will be on 12-year terms, will take place in
2012. The purchased jets will be introduced in 2014-15.
a statement to the Kuwaiti stock exchange confirming the plan, ALAFCO says the overall
value of the deal is $1.6 billion.
Arabian Airlines told ATI earlier
this month that it was acquiring the 12 787s as part of a fleet renewal which
will also include eight Airbus A330s and up to 50 A320s.
has not given an engine selection for the 787s. ALAFCO has 22 787s on order – all
of which are the 787-8 version – to be fitted with General Electric GEnx powerplants.
Arabian Airlines has also recently agreed to lease five A320s from ALAFCO.