(Add comment rejected through Airbus)
DUBAI, 19 Aug (Reuters) – Kuwaiti aircraft leasing company Alafco said Wednesday that it had reached an agreement with Airbus to delay the delivery of the ordered aircraft to the aircraft manufacturer.
Aviation was one of the industries hardest hit by the COVID-19 pandemic and airlines around the world expect it to be years before travel returns to pre-crisis levels.
The lessor did not specify the number of aircraft affected by the agreement, according to Airbus’ website, lately it has 43 A320neo aircraft and 10 A321neo aircraft to be delivered.
According to the agreement, advance invoices that will be made within 3 years will expire from 2024, Alafco said in an inventory exchange presentation.
An Airbus spokesman declined to comment.
Earlier this month, Alafco said it had reduced its order for 40 Boeing 737s in part after it ended its legal claim for a cancelled order from the aircraft.
Alafco homeowners come with Kuwait Finance House, Gulf Investment Corporation and national airline Kuwait Airways, according to their website (report via Alexander Cornwell; edited through Amy Caren Daniel and Mark Potter).
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