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ALAFCO reports 45% surge in operating profit for nine months to Jun-2010

19-Jul-2010 1:01 PM

Aviation Lease and Finance Company (ALAFCO) reported (17-Jul-2010) the following financial highlights for the nine months ended 30-Jun-2010:

  • Operating profit: USD50 million, +45% year-on-year;
  • Net profit: USD27.1 million, n.a;
  • Assets: USD1,700 million, +42%;
  • Shareholder’s equity: USD353.3 million, +11%. [more]

ALAFCO Chairman and CEO, Ahmad Alzabin, stated the company is on track to increase its fleet size to 59 owned and managed aircraft by the end of the year ended 30-Sep-2010.