ALAFCO Signs $2.9 Bln Deal for Airbus A350s (Reuters)

ALAFCO plans to grow its current fleet of 11 Boeing and Airbus jets to 50 planes in the next three years, ALAFCO Chairman and CEO Ahmad al-Zabin said. ALAFCO operates under Islamic Sharia rules. Kuwait Finance House holds a 89 percent stake while national carrier Kuwait Airways Corp owns the rest.