Kuwait's Aviation Lease and Finance Company (Alafco) has recorded 50% growth in net profit during the third quarter of the fiscal year ending September 30.
 
Company’s net profit in the nine months to June 30 surged to 8.3 million dinars, compared with 7.7 million dinars in the year earlier period.

The sources said that company’s third-quarter net profit climbed to 5.1 million dinars from 3.4 million in the year earlier period.
 
Total assets of the company for the nine months have witnessed a growth of 33% to 339 million dinars, while shareholders' equity rose by 17 per cent to 93 million dinars.

Earlier this month, the firm has informed that it will deliver 11 Airbus aircraft in the second half of 2009. Six of the new planes will go to Saudi Arabian Airlines, four to Greek Pantheon Airways, and Kuwait's Wataniya Airways will receive one aircraft.