Alafco Aviation Lease and Finance Company announced the signing of an agreement for the lease of 8 Airbus A320-200 aircraft to Saudi Arabian Airlines for a term of 8 years, to be delivered between 2009 and 2012.
This transaction is the second major deal between the two companies during the past few months, whereby the total number of aircraft to be delivered to Saudi Arabian Airlines now reached 25 Boeing and Airbus aircraft, of which 17 are leased and 8 sold, with a total value of USD 3.3 billion.
