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Investec provides $15m debt financing to ALAFCO

Investec Aviation Finance (Investec) has completed a senior secured debt facility with ALAFCO Aviation Lease and Finance Company KSCP (ALAFCO).

Investec has provided $15 million of senior debt financing against an aircraft being operated by a low-cost carrier in Southeast Asia that is currently undergoing restructuring.

Established in 1992, ALAFCO began as an aircraft leasing arm of Kuwait Airways, before being acquired by Kuwait Finance House in 1999. It was listed on the Kuwait Stock Exchange (now Boursa Kuwait) in 2006 and has established itself as a leading name in aircraft leasing, currently operating out of both Kuwait and Dublin.

Investec currently manages over $1 billion of aviation assets, including third party debt and equity funds, consisting of over 100 aircraft.

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