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Chairman's Message

 

The implementation of ALAFCO’s efficient business model during the past years has enabled us to achieve the current level of success, providing value to our customers and generating steady returns for our shareholders.

ALAFCO’s shareholders, partners and customers form the main pillars of our success. Year after year, ALAFCO has built a reputable image in its pursuit of excellence, winning the trust and confidence of its customers and industry partners. ALAFCO has delivered consistent operational performance and financial results even during the recent adverse global economical conditions and shall endeavor to perpetuate these achievements in the future.

Our vision is to position ALAFCO among the top-tier aircraft leasing companies by implementing effective business strategies. We aim to stay focused on our core business of operating lease and consulting activities. ALAFCO will continue to acquire new technology aircraft for the expansion of its portfolio, always keeping in mind our customers’ needs and requirements.

Committed to development of human capital, ALAFCO has long embarked on a strategy to recruit and train adequate management staff in order to support its growing portfolio. Further, the company is on track with its goal of employing and training nationals with the aim of preparing them for leadership positions in the company. ALAFCO employees conduct their duties with the highest integrity and corporate governance.

Having achieved our goal of attaining a 50 aircraft portfolio, ALAFCO is now headed into the next growth phase in which the operating plan calls for increasing the portfolio to 100 aircraft. ALAFCO remains ready to provide win-win tailor made solutions to the global airlines in a way that will enable them to meet their aspirations while realizing ALAFCO’s vision.