MarSciGuy From United States of America, joined Jun 2007, 549 posts, RR: 0 Reply 1, posted (4 years 11 months 4 days 23 hours ago) and read 1595 times:
So ALAFCO isn't really SELLING them then are they?
"There weren't a ton of gnats there where a ton of gnats and their families as well!"
Moo From Falkland Islands, joined May 2007, 3599 posts, RR: 4 Reply 2, posted (4 years 11 months 4 days 23 hours ago) and read 1580 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.
MarSciGuy From United States of America, joined Jun 2007, 549 posts, RR: 0 Reply 3, posted (4 years 11 months 4 days 23 hours ago) and read 1542 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.
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 .
"There weren't a ton of gnats there where a ton of gnats and their families as well!"
Stitch From United States of America, joined Jul 2005, 26725 posts, RR: 83 Reply 4, posted (4 years 11 months 4 days 22 hours ago) and read 1416 times:
Are we sure the reporter isn't using "selling" as an unintended euphemism for "leasing"?
Moo From Falkland Islands, joined May 2007, 3599 posts, RR: 4 Reply 5, posted (4 years 11 months 4 days 22 hours ago) and read 1372 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?
Aviationbuff From India, joined Mar 2008, 1424 posts, RR: 3 Reply 6, posted (4 years 11 months 4 days 21 hours ago) and read 1245 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.
Moo From Falkland Islands, joined May 2007, 3599 posts, RR: 4 Reply 8, posted (4 years 11 months 4 days 21 hours ago) and read 1238 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.
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