Kuwait's Aviation Lease & Finance Co (Alafco) said on Sunday it has agreed to lease six new Airbus aircraft to Thai Airways.

Thai Airways will lease the new A350-900 XWB aircraft for 12 years from the date of delivery in 2017, Alafco said in a statement on Sunday.

The leasing firm said the list price was $1.6 billion.
 Alafco's monthly rental charges are 1 percent of the listed prices.

Alafco last month ordered six Airbus wide-body A350-900 aircraft at the Paris Air Show.

Islamic lender Kuwait Finance House and state-owned Kuwait Airways are Alafco's biggest shareholders. - Reuters