Kuwait’s ALAFCO Commits to Buying 20 Boeing 737 MAX Airliners
The first 737 MAX order from the Middle East — one of the highest growth regions for aircraft sales — would be worth $1.9 billion based on list prices.
ALAFCO’s chairman and CEO Mr. Ahmad Alzabin and Ray Conner, president and CEO of Boeing Commercial Airplanes completed the deal in a Tuesday signing ceremony at the Farnborough International Airshow.
“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,” said Conner in a statement.
“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 Alzabin in a statement. “These are the advantages that airlines are looking for in the current competitive and demanding environment.”