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: April 23, 2014
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
date:Posted: April 22, 2014
UAE. "Adapt to Survive", a global study by PwC, commissioned by LinkedIn, reveals the economic impact of not having the right people in the right jobs.
date:Posted: April 22, 2014
KUWAIT. For much of the past decade, international companies operating in the major projects sector have found Kuwait a challenging market in which to do business. However, there are good reasons to believe this year will be different.
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
dhgate