Alafco Will Defer New Purchases Next Year

Al Zabin said “We did remarkably well considering that the financing wasn’t always available.”. He said if the market comes back to normal, and if there is more demand, then they would make more purchases. He said they are slowing down their purchase of aircraft but will continue to look for opportunities for aircraft that are available on a sale and leaseback basis. Alafco just received their first new planes after previously limiting their business to buying planes, then renting them back to carriers.