Kuwait Airways take delivery of first A330-200 funded by IAFC

Kuwait Airways has taken delivery of the first Airbus A330-200 aircraft under a leasing arrangement with the International Air Finance Corporation (IAFC). The delivery of the first aircraft, facilitated by Warba Bank, is a part of an inaugural transaction for IAFC of five Airbus A330-200s to be leased to Kuwait Airways. IAFC is the fund manager of a $5 billion Aircraft Leasing Islamic Fund (ALIF) that was established by in June 2014 with anchor investors including Airbus and the Islamic Development Bank. ALIF is exclusively dedicated to Airbus aircraft. Warba Bank is a lead investor in the ALIF Fund. Shaheen