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ALAFCO delivers first of four Airbus A350 aircraft to ITA Airways

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ALAFCO delivers first of four Airbus A350 aircraft to ITA Airway

ALAFCO Aviation Lease and Finance Company announced today the successful delivery of the first Airbus A350 Aircraft to ITA Airways, the new national airline of Italy, as part of a previous agreement between ALAFCO and ITA Airways for the lease of four new Airbus A350 Aircraft. All four aircraft shall be leased for a period of 12 years.

ALAFCO is pleased to have successfully completed the negotiations for the lease of the four new A350 Aircraft, allowing ITA Airways to operate the ultra-modern and technologically advanced aircraft across its expanding network.

Adel A. Albanwan, CEO of ALAFCO commented “The delivery of the first A350 to ITA Airways marks another key milestone for ALAFCO and brings about the beginning of a new partnership, which we look forward to developing over the coming years. The A350 aircraft continues to be considered one of the most fuel-efficient aircraft and will add value to ITA Airways’ fleet. I would like to express my thanks for the continued efforts of the team and all those involved in the successful delivery of this aircraft.”

Francesco Presicce, Chief Technology Officer of ITA Airways, commented “Today we add the Airbus A350 to our fleet, an aircraft which will allow the company to further develop its intercontinental network. The arrival of the Airbus A350 represents a further step in our strategy of building a new environmental-friendly fleet with leading-edge technologies which will optimize efficiency, quality of service and significantly reduce the environmental impact. The collaboration with ALAFCO also allows us to improve cost efficiencies across our fleet. I would like to thank all the team involved and the commitment which made possible to achieve the prestigious, coveted and challenging goal of Entry into Service (EIS) in just 6 months"

This press release was sourced from ALAFCO on 12-May-2022.