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Macquarie in Talks to Acquire Kuwaiti Lessor Alafco

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Australia’s Macquarie Group Ltd. is in talks about a potential acquisition of Kuwaiti plane leasing firm Alafco Aviation Lease & Finance Co., according to people with knowledge of the matter. Alafco climbed.

Macquarie’s aircraft financing arm is aiming to reach an agreement within as soon as the next few weeks, the people said, asking not to be identified because the information is private. Alafco, which is backed by the Kuwaiti government, has also drawn interest from other suitors, the people said.