International Airfinance Corporation (“IAFC”) has signed a firm purchase agreement for five Airbus A330-200 aircraft. The agreement also includes options for an additional four A330-200 aircraft. Based on list price, the contract value for IAFC’s transaction covering five Airbus A330-200 aircraft and four options is approximately US$2bn. Firm Aircraft are already placed on long term operating lease with a flag carrier. “We are very pleased with this inaugural acquisition for IAFC which constitutes a first step in our development to become a significant player in the Middle-East, we are working to conclude other aircraft acquisitions in order to develop our leasing portfolio” said Moulay Omar Alaoui, President and CEO of International Airfinance Corporation. The Middle East based Lessor, International Airfinance Corporation, is the Manager of Sharia compliant ALIF Fund (US$5bn targeted size) launched in June 2014 and seeded by Airbus and the Islamic Development Bank.