IAFC Orders Five A330s

Middle Eastern lessor International Airfinance Corporation (IAFC) has placed a firm order for five A330-200 aircraft.

The contract, which is the first for the sharia-compliant lessor, also includes an option on an additional four A330s.

The value of the deal covering the five aircraft and four options is approximately $2bn based on current list prices.

IAFC confirmed the aircraft on firm order will be placed on long-term lease with an unnamed flag carrier.  

TAGS: Middle East
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