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Alafco Sells 787-9 To Saudia  
User currently offlineNYC777 From United States of America, joined Jun 2004, 5744 posts, RR: 47
Posted (6 years 1 month 3 weeks 6 days 14 hours ago) and read 2116 times:

Now we know where Saudia is getting their 787-9s from. In addition to buying 8 of them outright they're leasing four more from ALAFCO.

http://news.airwise.com/story/view/1214387469.html


That which does not kill me makes me stronger.
9 replies: All unread, jump to last
 
User currently offlineMarSciGuy From United States of America, joined Jun 2007, 549 posts, RR: 0
Reply 1, posted (6 years 1 month 3 weeks 6 days 14 hours ago) and read 2105 times:

So ALAFCO isn't really SELLING them then are they?  Wink


"There weren't a ton of gnats there where a ton of gnats and their families as well!"
User currently offlineMoo From Falkland Islands, joined May 2007, 3909 posts, RR: 4
Reply 2, posted (6 years 1 month 3 weeks 6 days 14 hours ago) and read 2090 times:



Quoting MarSciGuy (Reply 1):
So ALAFCO isn't really SELLING them then are they? Wink

From the article:

Quote:

Kuwait's Aviation Lease and Finance Company agreed to sell eight Boeing 787-9 Dreamliners, with a list price of USD$1.6 billion, to Saudi Arabian Airlines, Alafco said on Wednesday.

So, yes they are.


User currently offlineMarSciGuy From United States of America, joined Jun 2007, 549 posts, RR: 0
Reply 3, posted (6 years 1 month 3 weeks 6 days 14 hours ago) and read 2052 times:



Quoting Moo (Reply 2):


Quoting MarSciGuy (Reply 1):
So ALAFCO isn't really SELLING them then are they? Wink

From the article:

Quote:

Kuwait's Aviation Lease and Finance Company agreed to sell eight Boeing 787-9 Dreamliners, with a list price of USD$1.6 billion, to Saudi Arabian Airlines, Alafco said on Wednesday.

So, yes they are.

Touche! My apologies, I had (erroneously) guessed that a leasing Co wouldn't sell aircraft as opposed to leasing them - this aso without reading the aforementioned article....I'll go sit in the corner with the dunce cap on for a few minutes  Wink.



"There weren't a ton of gnats there where a ton of gnats and their families as well!"
User currently onlineStitch From United States of America, joined Jul 2005, 30859 posts, RR: 86
Reply 4, posted (6 years 1 month 3 weeks 6 days 13 hours ago) and read 1926 times:
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Are we sure the reporter isn't using "selling" as an unintended euphemism for "leasing"?

User currently offlineMoo From Falkland Islands, joined May 2007, 3909 posts, RR: 4
Reply 5, posted (6 years 1 month 3 weeks 6 days 13 hours ago) and read 1882 times:



Quoting Stitch (Reply 4):
Are we sure the reporter isn't using "selling" as an unintended euphemism for "leasing"?

From the article:

Quote:

Kuwait's Aviation Lease and Finance Company agreed to sell eight Boeing 787-9 Dreamliners, with a list price of USD$1.6 billion, to Saudi Arabian Airlines, Alafco said on Wednesday.
...
Alafco also said it would lease out four Boeings for 12 years to the Saudi carrier with delivery expected in 2012.

So, I would guess not - ALAFCO originally intended on leasing these birds (12 787s) to Kuwait Airways before that deal fell through, so its more than likely they simply wanted to get rid of something they no longer could fund, maybe?


User currently offlineAviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 6, posted (6 years 1 month 3 weeks 6 days 12 hours ago) and read 1755 times:



Quoting Moo (Reply 2):

Quoting MarSciGuy (Reply 1):
So ALAFCO isn't really SELLING them then are they? Wink

From the article:

Quote:

Kuwait's Aviation Lease and Finance Company agreed to sell eight Boeing 787-9 Dreamliners, with a list price of USD$1.6 billion, to Saudi Arabian Airlines, Alafco said on Wednesday.

So, yes they are.

They are Leasing for 12 years and not selling as per flight's article:

Quote:
Saudi 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.

Delivery 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.

In a statement to the Kuwaiti stock exchange confirming the plan, ALAFCO says the overall value of the deal is $1.6 billion.

http://www.flightglobal.com/articles...se-eight-787s-lease-four-from.html


User currently offlineAviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 7, posted (6 years 1 month 3 weeks 6 days 12 hours ago) and read 1748 times:

Are they converting the 788 to 789 for Saudia.

http://www.flightglobal.com/articles...se-eight-787s-lease-four-from.html

Quote:
ALAFCO has 22 787s on order – all of which are the 787-8 version – to be fitted with General Electric GEnx powerplants.



User currently offlineMoo From Falkland Islands, joined May 2007, 3909 posts, RR: 4
Reply 8, posted (6 years 1 month 3 weeks 6 days 12 hours ago) and read 1748 times:



Quoting Aviationbuff (Reply 6):
They are Leasing for 12 years and not selling as per flight's article:

Read it again, you have the wrong end of the stick. See:

Quoting Aviationbuff (Reply 6):
Delivery 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.

Again, 8 are being purchased and 4 are being leased. The leased aircraft will be on 12-year terms from 2012, and the purchased aircraft will start in 2014. Fits perfectly.


User currently offlineAviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 9, posted (6 years 1 month 3 weeks 6 days 12 hours ago) and read 1730 times:



Quoting Moo (Reply 8):
Read it again, you have the wrong end of the stick. See:

You are right!
I was under the impression that they are buying directly from Boeing.


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