ALAFCO (Aviation Lease and Finance Company) is an aircraft-leasing company, based in Kuwait. It is jointly owned by the Kuwait Finance House and Kuwait Airways, the flag carrier of Kuwait. Its lease terms are Islamic economical jurisprudence-compliant.
ALAFCO's customers include Royal Jordanian, Malaysia Airlines, Garuda Indonesia, Air Europa, Turkish Airlines, China Eastern Airlines, Yemenia, Air India, China Southern Airlines, Sky Airlines, Saudi Arabian Airlines, VietJet Air, Jet2.com, and GoAir.
Future planned leases include six 787s for Oman Air.
In October 2006, ALAFCO was planning to increase its fleet to 80 aircraft by 2015, up from the current 18.