Vedder Thinking | News Vedder Price Counsels ALAFCO in Lease Agreements for Thirteen Airbus A320 Aircraft
June 19, 2017
Vedder Price is pleased to announce that it represented Kuwaiti-based ALAFCO Aviation Lease and Finance Company KSC (Closed) in concluding lease agreements for thirteen (13) Airbus A320 aircraft. The aircraft are expected to enter service with Allegiant over a period starting in September 2017 and continuing until December 2018. Each lease agreement is for a 12-year term and includes a purchase option for Allegiant.
“We are proud to have partnered with ALAFCO on their first aircraft lease transaction in the US market,” said Global Transportation Finance Shareholder Jordan Labkon. “We are confident that the successful completion of these leases with Allegiant will lead to more transactions, and we look forward to growing our relationship with ALAFCO as they explore further leasing opportunities in the US and North American markets.”
In addition to Mr. Labkon, the Vedder Price deal team included Global Transportation Finance Associate Milos Kovacevic.