Ahmad Alzabin, the management executive at ALAFCO Aviation Lease and Finance Company, has been at the helm of the organization for the past 12 years, steering it through the complexities of the aviation sector. Recently, ALAFCO finalized a significant agreement to acquire 20 advanced Boeing 737 Max aircraft, valued at approximately $1.9 billion. This acquisition marks a pivotal step in Alzabin’s strategic vision to expand the company’s fleet to 100 aircraft by the end of this decade.
Despite the numerous challenges currently faced by the aviation industry, ALAFCO has demonstrated remarkable resilience. In 2011, the company achieved an impressive return on equity ratio of 32%. Founded in 2000, ALAFCO has experienced robust growth, averaging a 35% increase in net profits over the last five years. The financial performance in 2011 was particularly notable, with net profits surging by an extraordinary 333%, reaching $166.9 million—up from $38.5 million in 2010. During the same timeframe, earnings per share for ALAFCO grew by 86%, reflecting the company’s solid operational performance and strategic initiatives under Alzabin’s leadership.
As ALAFCO continues to navigate the evolving landscape of the aviation market, Alzabin’s commitment to expansion and innovation positions the company for sustained success in the coming years.
