You are hereHome CategoriesKuwait
Kuwait's ALAFCO announces initial commitment for 20 Boeing 737 MAX at Farnborough Airshow
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Tue July 10, 2012 5:34 pm

INTERNATIONAL. Kuwait based airplane leasing company ALAFCO and Boeing today announced initial commitment at the 2012 Farnborough Airshow for 20 Boeing 737 MAX 8s valued at US$1.9 billion at current list prices.

The signing ceremony was attended by ALAFCO’s chairman and CEO Mr. Ahmad A. Alzabin and Ray Conner, president and CEO of Boeing Commercial Airplanes.

“Today, with rising fuel costs, the 737 MAX will provide operational cost savings to airlines in addition to being more environmentally-friendly due to its latest quiet engine technology,” said Mr. Alzabin. “These are the advantages that airlines are looking for in the current competitive and demanding environment.”

Mr. Conner  said, “This is the first agreement for the 737 MAX from the Middle East which is one of the industry’s highest growth regions” . ”We are proud of the confidence that ALAFCO has placed in the 737 MAX which will deliver unsurpassed fuel efficiency in the single-aisle market as well as improved environmental performance.”

Already a market success, the 737 MAX has accumulated more than 1,000 orders and commitments from 17 customers worldwide since its launch in Aug. 30, 2011. The 737 MAX is the new-engine variant of the world's best-selling airplane and builds on the strengths of today's Next-Generation 737.

The airplane will be powered by CFM International LEAP-1B engines. Along with the engines, aerodynamic improvements to the tail and the new Advanced Technology winglet, the 737 MAX will reduce fuel burn and CO2 emissions by 13 percent over today's most fuel-efficient single-aisle airplane, the Next-Generation 737.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 24, 2016
UAE. 71% of respondents think Brexit will not impact Dubai's competitiveness as a global financial centre.
date:Posted: August 24, 2016
INTERNATIONAL. With disruptive technologies changing the way people move around, new EY report recommends governments look to citizen behaviour as the starting point for developing sustainable transport policy.
date:Posted: August 24, 2016
UAE. 92% of polled GCC SMEs already on social media; Facebook, Twitter and LinkedIn driving unprecedented customer engagement for Arab SMEs, according to new Orient Planet Research report.
INTERNATIONAL. With disruptive technologies changing the way people move around, new EY report recommends governments look to citizen behaviour as the starting point for developing sustainable transport policy.
dhgate
cheap wedding dresses on Ca-Dress.com