The Kuwaiti lessor will now buy 20 aircraft from Boeing, instead of 40, with new delivery dates, it said in a bourse filing.
Additional details of the agreement could not be disclosed due to confidentiality clauses, it said.
Alafco said it was “looking forward to a long-lasting and mutually beneficial relationship with Boeing.”
Alafco and Boeing did not immediately respond to emailed requests for comment.
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Atlas Air Worldwide Holdings (AAWW), aircraft lessor and operator, has reported net income of $86.9 million, in its second quarter results announced yesterday.
The company informed that its revenue in the reporting period was relatively in line with revenue in the second quarter of 2018.