19-Jan-2011 3:12 PM
Kuwait’s ALAFCO reports stronger profits in 2010, Aircastle shares slip lower
Analysis
ALAFCO, the Kuwait-based leasing company partly owned by Kuwait Airways, reported a profit of USD77.7 million for 2010, an increase of nearly tenfold compared with its 2009 result of USD8.2 million. The result was attributed to a one-off revenue boost of USD71.2 million in the three months ended 31-Dec-2010, due to some contract amendments.
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