boa technology inc. , creators of the revolutionary , award-winning boa system , delivers closure and adjustment solutions purpose-built for performance .

featured in products across the golf , athletic , outdoor , snow sports , cycling , utility , and medical categories , the patented boa system consists of three integral parts : a micro-adjustable dial , super-strong lightweight laces , and low friction lace guides .

each unique configuration is engineered to optimize fit and provide precision , adaptability , and control , and the boa system dials and laces are backed by the boa guarantee .

in collaboration with its market-leading brand partners , boa is driven to make the world ’s best gear even better .

boa technology inc. is headquartered in denver , colorado with offices in austria , hong kong , china , south korea , and japan . "

boa technology

© 2017 copyright - click medical | boa ® is a registered trademark of boa technology inc .
it’s official : click medical makes fit happen with new boa technology . . .
denver , co ( brain ) —boa technology , creators of the boa lacing system , has changed its patented technology name from “boa lacing system” to “boa closure system . ” this shift follows recent expansion into non - footwear applications , including the medical and helmet categories .
the revolimb is a revolution in o & p . ; see what boa technology can do for your patients .
watch boa technology in action and see its groundbreaking impact on the products and consumers it powers by logging on to urltoken .
in collaboration with its market - leading brand partners , boa is driven to make the world ' s best gear even better . boa technology inc . is headquartered in
ryder first engaged boa technology as a strategic partner when boa ' s patented and innovative shoe - lacing system was still in development phase , in the late 1990s .
with the shoelace virtually vanquished , denver - based boa technology is targeting velcro and all other latching , tightening and cinching systems .
every boa dial is designed to give you the ideal fit to best leverage all of the amazing technology in your medical device .
boa technology , based in colorado usa , is the developer of the patented , award - winning boa lacing system . the boa lacing system can be found on over five million pairs of footwear around the world .
the denver post named boa technology , makers of the patented , award - winning boa closure system , third on its list of top small workplaces ( companies with less than 150 employees ) . in the same report , boa technology president mark soderberg was honored as top business leader . the . . . read more
( denver , colo . ) —boa technology , makers of the award - winning , patented boa closure system , today was named to outside magazine’s fifth annual “best places to work” list . boa technology was ranked 60th out of 100 selected companies . profiles of the top - ten - performing small , medium . . . read more
a creative company from day one , boa technology is also committed to intuitive design . in addition to the features and benefits that deliver a dialed - in fit , boa technology’s latest dial development – the l6 reel platform – boasts responsive impact protection and dirt contamination performance . in addition , boa technology is proud to integrate form and function with its custom color program . boa closure system dials can be ordered in translucent , metallic or otherwise customized surface areas to complement any product pairing .
how much do boa technology employees make ? glassdoor has salaries , wages , tips , bonuses , and hourly pay based upon employee reports and estimates .
we caught up with the good people at boa technology in their denver offices to talk more about the brand and where they hope to go from here .
gary hammerslag , founder and ceo of boa technology , said , “as awareness of boa technology has expanded , it has grown apparent that application of the system has tremendous potential in many footwear categories and also on non - footwear products . for example , you can now find the boa closure system on helmets by both pro - tec and smith as well as medical braces . ”
on - site boa specialists will retrofit attendees’ shoes with the boa closure system ( denver , colo . ) —boa technology inc . , maker of the patented , award - winning boa closure system , is giving attendees of this month’s outdoor retailer summer market ( or ) an opportunity to “get closure” . . . read more
djo global inc . recently launched a new splinting and spinal bracing product line that uses patented exos thermoformable technology .
the implementation of the boa cft has contributed greatly to facilitating excellent teamwork between boa and ryder .
if you want to know more about how to fit your boa technology supports see the ankle support or knee support with boa closure video or contact us , on 01329 848658 or fill out our contact form , for further information .
the boa technology team has tested more than 2 , 900 products through its field testing process , amounting to more than 92 , 000 overall hours of rigorous testing under tough conditions . with a focus on innovation and fit , boa technology’s fit lab is a hands - on experience dedicated to product trial and providing brands with the opportunity to co - create .
denver , co - in 2001 , boa technology founder gary hammerslag started with one big idea to replace traditional shoelaces in snowboard boots with a faster , more convenient method of lacing up .
footwear veteran alois badegruber will work alongside boa founder gary hammerslag ( denver , colo . ) —boa technology inc . , maker of the patented , award - winning boa closure system , has hired alois badegruber to head up its european - based sales , marketing and service efforts . badegruber . . . read more
about boa technology with offices in steamboat springs , denver , colorado , hong kong and chiba , japan , boa technology inc . , is the creator of the award - winning , patented boa closure system . the revolutionary boa® closure system , backed by the dialed in for life guarantee , optimizes product design and enables a more “dialed - in fit” . the ultimate result is superior performance and a level of customizable comfort never before experienced in the sports and medical industry . visit urltoken for more information .
when asked about the state of its brand , each employee at boa technology’s denver headquarters echoes the same sentiment uttered by their industrious founder in the late 1990s : this is only the beginning .
drawing from over ten years of experience creating closure solutions for high performance sporting goods brands , boa has applied its technology to medical bracing products . dial in a whole new level of fit .
about boa® technology : with offices in denver , colo . , austria , hong kong , china , and japan , boa technology inc . , is the creator of the award - winning , patented boa® closure system . the revolutionary boa closure system , backed by the dialed in for life guarantee , optimizes product design and enables a more “dialed - in fit” . the ultimate result is superior performance and a level of customizable comfort never before experienced in the sports and medical industry . urltoken for more information .
award - winning boa closure system is now found on over 26 million products worldwide ( denver , colo . ) —boa technology inc . , maker of the patented , award - winning boa closure system , was recently named one of the country’s 25 most innovative brands by circleup , a social marketplace . . . read more
boa technology inc . is pleased to announce the appointment of shawn neville to the position of chief executive officer , effective immediately . boa , a global leader in revolutionizing fit , welcomes neville and his extensive experience in global executive leadership within the footwear and apparel industries .
the boa® technology inc . produce the famous and patented boa® clasp system . . invented to replace the lacing from snowboard - boots . many different production - snowboard , cycling , golf , athletics , outdoor , medicin and worker protection the company was founded . . .
boa technology korea inc . 5f dorim bldg . , 40 dosin - ro 15 - gil , yeongdeungpo - gu , seoul , 07374 , korea office + 82 70 4086 9840 info _ korea @ urltoken
“behind each and every boa dial is a careful , detailed design and production process that ensures each product meets the highest industry standards , ” said boa technology president mark soderberg , a two - time national mountain biking masters champion and avid boa technology user . “innovation is encouraged and celebrated at our company , and the team uses customized machinery to emulate the roughest of conditions , ensuring each product that leaves our team is ready to accompany consumers on any type of adventure . ”
on - site specialists will install the boa closure system on attendees’ shoesjanuary 14 , 2014 ( denver , colo . ) —boa technology inc . , maker of the patented , award - winning boa closure system , is giving attendees at the upcoming outdoor retailer winter market ( o . r . ) an opportunity to . . . read more
to celebrate and highlight these milestones of product , industry ingenuity and brand successes , boa technology recently launched a video series highlighting how the boa closure system allows its users to experience freedom of movement and oneness with their gear . whether you defy gravity or prefer the earth beneath your feet , boa technology wants every user to experience absolute freedom . when your gear is simply an extension of who you are , your only job is to do what you do – further and faster .
( denver , colo . ) —on sunday the denver post listed boa technology , makers of the patented , award - winning boa closure system , thirteenth on its list of denver’s top small workplaces ( companies with less than 150 employees ) . boa technology was just one of four companies ( from the 114 business ranked on the list ) profiled in the sunday , april 21st edition of the denver post for its corporate health and wellness program as a major contributor to its creative , fitness - oriented corporate culture .
boa technology ' s closure system has been a huge hit on snowboard boots , claiming more than one - third of the market . it is succeeding the shoelace in sport shoes , with more than a dozen using it .
boa technology japan inc . tokiwa bld . 8f 1 - 14 - 11 fujimi , chuo - ku chiba , japan 260 - 0015 office + 81 43 304 6526 fax + 81 43 304 6527 info _ japan @ urltoken
those early designs evolved into the boa closure system and in 1998 , hammerslag founded boa technology to help sell his big new idea to the footwear industry . naturally , the new lacing system appealed to the snowboarding crowd and when it was officially introduced in 2001 , he found eager partners in k2 and vans — two companies boa continues to work with to this day .
with rowdy keeping a watchful eye , prototype supervisor tamara white makes a repair at boa technology ' s warehouse offices along denver ' s south platte river . the company will soon move to a larger space in the taxi development .
boa technology inc . , maker of the patented , award - winning boa closure system found on many brands of premium cycling shoes , is launching its second - ever ride that changed it all contest celebrating the human spirit to push past overwhelming obstacles to achieve lofty goals . two . . . read more
dallas , tx – december 7 , 2016 —dignitana , a world leader in medical scalp - cooling technology , has entered an exclusive partnership with boa® technology , creator of the award - winning , patented boa® system , to produce an adaptive , precision fit cap for use with the dignicap® scalp cooling system . dignicap® was cleared by the u . s . food and drug administration in december 2015 , and is the first medical scalp cooling device to receive fda clearance .
every boa dial used in cycling shoes and helmets is designed to give you the ideal fit to best leverage all of the amazing technology in your gear . that way , you can get even more out of what you put in .
boa’s technology is so unique . can you speak to any innovation on the tech ? we are always making incremental improvements ! with more to come from dial innovation and lace guides . each of our projects take two years of development .
denver , colo . , march 31 , 2016 – boa® technology inc . , which began as a basement dream for an entrepreneur in the colorado rockies , has now taken its award - winning boa® closure system to more than 300 brand partners and 33 countries , with over 64 million dials powering product across the globe .
“we are delighted to partner with dignitana and applaud the innovation and clinical rigor that makes them a world leader in scalp cooling therapeutics , ” said bret bostock , global manager for boa technology’s medical division . “we recognize the critical impact that this device brings to cancer patients across the country , and we are enormously pleased that our technology is being used to enhance quality of life for so many in this meaningful way . ”
boa thinks of ryder as a
long - term partner and friend .
the exos form spine bracing system incorporates patented exos thermoformable technology in a modular , prefabricated , semi - universal patent pending design that has boa technology’s advanced closure system , delivering a brace that can be customized to fit a patient while delivering superior support and decompression . the exos form spine bracing line includes five products representing the first in a series of lower lumber spinal orthoses that will include thoracolumbosacral , lumbosacral , lumbar and sacroiliac orthoses .
boa technology has seen their business grow rapidly , and their manufacturing needs have increased accordingly . in march 2006 , ryder established a dedicated customer focus team ( cft ) to deal exclusively with boa business , with a full spectrum of functions including mechanical development , demand management , quality assurance and production material control as well as supply chain management .
the boa system originated in 1998 in the snowboard industry to provide customized comfort and smooth , even closures in boots without pressure points . designed to address deficiencies found in traditional snowboard boot closures , boa innovations opened the door to improved fit and performance in multiple sport categories . today , boa technology provides fit solutions across many industries , including a host of prescription orthotics and prosthetics and over - the - counter support braces . boa’s partnership with dignitana brings it solidly into a new sector of the wearable precision medical solutions .
the boa® technology inc . produce the famous and patented boa® clasp system . . invented to replace the lacing from snowboard - boots . many different production - snowboard , cycling , golf , athletics , outdoor , medicin and worker protection the company was founded 1999 in sreamboat springs , colorado . the clasp system increase functionality , comfort and the individuel accuracy of fit .
all of us at boa are actively involved in the activities our technology enhances . we are riders , hikers , runners , golfers , and cyclists . we get psyched when it snows . we seek singletrack to ride , emerald green fairways to walk , and endless trails to hike .
coming into 2016 , boa’s growth will be more evident than ever . with a two - year incubation time to innovate new technology , boa has seen expansion into helmets with oakley , a partnership with new england ropes with burton , an athletic track shoe with new balance , and an adidas tour 360 boost golf shoe , all of which will be hitting shelves this year .
“i am confident that with shawn’s successful track record and passion for innovation , brand building , team building , and this industry , the next chapter of boa will be even stronger , ” said gary hammerslag , founder and chairman of the board of boa technology . “from our humble beginnings in 2001 , when we created a breakthrough closure system for snowboard boots , boa now works with over 300 premier brand partners around the world that have created products with over 80 million boa dials , improving how consumers experience fit and performance . and we have only just begun ! ”
while building the medical business at boa technology , capra often uncovered opportunities within the custom market that did not fit within boa’s business model of developing mass produced products with its manufacturing partners . “in order to fulfill the demand for boa usage on custom products , which are made individually to each patient , it made the most sense to create a new company that could focus on and support this portion of the medical industry . thus was born , click medical , ” capra added .
with over 25 million boa - powered products worldwide , the award - winning , patented boa closure system is reinventing how shoes , medical braces , equipment , and nearly everything else performs .
for over 12 years , boa technology has been producing the world’s premium closure system that is now used on over 25 million products worldwide on products ranging from snowboard boots to bike shoes , running shoes , golf shoes , hunting and fishing boots , as well as ski gloves , helmets and many others . all boa - powered products are backed by the company’s “ dialed in for life guarantee ” .
“exos is an innovative technology platform that will help drive sustaining and disruptive innovation in new and existing markets , ” steve ingel , president of djo global’s bracing & support business unit , stated in the release .
denver , colo . ( march 27 , 2014 ) – boa technology , inc . , and newly incorporated click medical , have partnered to provide solutions for custom orthotic , prosthetic , and adjustable cast medical devices , all powered by the boa® closure system . by providing assembled kits of boa components , specially designed and optimized for certain types of medical devices , click medical enables an orthopedic doctor , a prosthetist or an orthotist to create unique closure and adjustment solutions for the devices they provide their patients . boa will continue to provide its boa closure system to medical brands that produce ready - made medical devices and footwear including ossur , deroyal , 3m , exos and dr . comfort among others .
“when people are athletic , it requires a certain discipline that permeates their whole lives , ” boa technology president mark soderberg , a national mountain - bike champion , told the denver post . the company channels that sports - related discipline and focused work ethic to creative problem solving , innovation and creativity in the workplace .
new office , new hires , new chapter for the innovators of purpose - built closure and adjustment systemsdenver , co – last week , boa technology and zeppelin development broke ground on a 140 , 000 - square - foot office building in denver’s rino ( river north arts district ) neighborhood to . . . read more
ryder is proud to have worked with boa for the past ten years . we have provided boa with a one - step manufacturing service , performing a range of functions and adding value in diverse dimensions .
boa and ryder got together and studied the concepts and ergonomics of the products , evaluating small - quantity samples by building testing moulds . we channeled resources into working with boa in the product development stage .
the boa m4 system is commonly found on mid - cut boots and should be located on the tongue .
about click medical : based in steamboat springs , colo . , click medical develops innovative medical solutions using boa technology components . click medical solutions make it simple for practitioners , technicians or central fabricators to integrate boa components into superior functioning , custom orthotics , casting , and prosthetic sockets . click patients are empowered to easily adjust , don / doff , and properly fit their medical devices resulting in daylong comfort and excellent performance . urltoken for more information .
dial in the perfect tension for a stable , secure fit . for braces , boa’s circumferential compression helps erase pressure points and expedite injury recovery . for prosthetics , boa delivers an intimate fit and movement that feels more natural .
boa founder gary hammerslag started with one big idea to replace traditional shoelaces in snowboard boots with a faster , more convenient method of lacing up . in 2001 , the boa fit system was introduced to the world with our first partners , k2 and vans . since then boa has found a home with many partners across a number of different industries .
actesso are proud to announce the launch of our brand new range of boa technology supports . available for knee and ankle braces , these supports use a unique , patented , closure system for easy and effective application , allowing them to be adjusted to provide a perfect fit . this not only increases the level of support provided but also ensures comfort as long as you need it .
the revolutionary boa closure system , backed by the dialed in for life guarantee® , delivers the ultimate connection between users and their favorite products , transforming their experiences through a fast , customizable and comfortable fit . products powered by the boa closure system can be found in the golf , snow sports , utility , safety , cycling , outdoors , medical and protective equipment categories worldwide . boa technology as a company has also experienced tremendous growth in recent years . the employee headcount increased by 47 percent from 2015 to 2016 and the company now has offices in six countries . in total , its brand partners represent 33 countries across the globe .
the entirely new website , urltoken , will focus on educating consumers about boa , including the varying configurations across products and categories with boa brand partners , as well as provide a platform to communicate new innovations , company news , and events . additionally , as the company continues to stand behind the boa guarantee , customers can easily request replacement parts directly from the website .
if anyone is up to the challenge , it is the team at boa . very few companies have the guts to try and improve on a product that’s existed for more than 5 , 500 years . with its innovative shoelaces , boa actually has .
the entirely new website , theboasystem . com , will focus on educating consumers about boa , including the varying configurations across products and categories with boa brand partners , as well as provide a platform to communicate new innovations , company news , and events . additionally , as the company continues to stand behind the boa guarantee , customers can easily request replacement parts directly from the website .
“this year will be very strong for boa , with significant growth and several product launches , ” hammerslag said . “our partners see the inherent added value of having the boa closure system on their products and feel confident that their consumers will , too . ”
“i am very fortunate to be joining boa at this exciting time in its history . i am very impressed with boa’s deep commitment to creating high quality innovative solutions that improve the fit and performance of our brand partner’s products , and i look forward to our next chapter as we invest further in innovation , our brand partnerships , and the boa brand and team , ” said neville .
while boa offers a number of off - the - shelf options for footwear manufacturers , the company often crafts custom solutions to accommodate the specific needs of a new design . this process starts with members of boa’s prototypes team , which focuses not only on ways of refining the existing boa closure system but also on making it work in shoes ( and medical products ) still in development .
back in the ’90s , boa technology was in a one - room office in sleepy steamboat springs , colorado . industry veteran gary hammerslag started the company when he moved his family to steamboat after a long tenure with ride and k2 . his goal was to create a simple closure system that could act as a substitute to traditional laces on a snowboard boot . his first clients : k2 and vans in 2001 .
originating as a business - to - business model , boa has grown with the support of its global brand partners to now provide more emphasis on brand awareness , consumer marketing and education , and the promotion of category - specific features and benefits of boa - powered products .
“proper fit is critical to scalp cooling success , ” said william cronin , ceo of dignitana , inc . . “boa is the uncontested leader in precision fit technology for wearable medical devices , and we are especially excited to announce this exclusive partnership on the eve of the one - year anniversary of our fda clearance . together , we are committed to giving breast cancer patients the best possible option for avoiding chemotherapy related hair loss . ”
originating as a business - to - business model , boa has grown with the support of its global brand partners to now provide more emphasis on brand awareness , consumer marketing and education , and the promotion of category - specific features and benefits of boa - powered products . to reflect the expanded growth , refined innovations , and continued partnerships , boa is excited to share a new corporate branding and visual identity , releasing globally in
“the custom market has embraced the boa closure system because it can easily be adapted to accommodate a huge variety of fit and adjustment challenges . the system allows the medical practitioner to create efficient movement of certain areas of the brace , and / or closure of the brace itself . the patient undergoes a vastly improved user experience that empowers them to easily put on , take off , and adjust their brace , which then leads to better comfort , support and ultimate usage of the product , ” said jimmy capra , ceo of click medical & former director of the medical business unit at boa technology .
the boa cft team is tailored to boa’s specific customer requirements , and enables us to enhance operational efficiency , increase productivity and achieve faster response times . this was in fact the first cft team we were able to bring into play , after developing the new system within the company from 2005 .
boa technology’s headquarters , which recently relocated to denver’s new taxi development near the platte river , has a dog - , bike - , barbeque - and family friendly work environment that encourages employees to incorporate daily fitness and activity into their lives . in addition to moral support , the company gives employees , comprised of bikers , nordic skiers , ultrarunners , triathletes and even snowmobile jumpers , $ 500 annually to support their physical activities , either in the form of classes , gym membership , race entry fees or equipment . boa also offers employees lunchtime fitness and nutrition workshops , outdoor and volunteer activities and profit - sharing benefits .
“in a lot of cases , we think we can do more than velcro , ” said chuck mason , boa vice president of sales and marketing .
the new investment — in addition to paying off initial investors who backed hammerslag’s early vision — will keep boa surging into markets where competition is minimal .
with the successful launch of the boa closure system on medical braces by futuro and exos medical , as well as apparel by marmot , hydration packs by the north face and motorcycle gloves by knox armor , a growing number of product partners are utilizing the boa closure system in new and exciting ways .
the boa fit system sheds the elements so it never weighs you down . and precision engineered laces are built to perform in any environment — guaranteed .
the boa team says of ryder ,
you have a culture that projects high enthusiasm and motivation ,
and this is one compliment which we especially cherish .
powered by the boa closure system , the exos form spine brace combines superior decompression and support with the ability to quickly and easily customize fit . we’ve got your back .
fast forward 15 years and the company , now occupying an industrial four - floor office in the gentrified art district of denver , has their footprint - - no pun intended - - across multiple categories of products distributed throughout the world . “there are currently about 80 million boa dials on the market , ” said a casual steve koestner , warranty and spare part coordinator , a . k . a . un - sung hero , for the brand . to this day , the company stands behind a robust , and almost old - school approach , to customer service . “a few months ago we were contacted by a customer who needed to replace the boa closure system on his vans snowboard boot , ” says koestner . “the boot ended up being one of the first collections of snowboard boots we outfitted with boa technology . ” the 15 - year - old boot , although dusty , still had a working boa lacing system . needless to say , koestner and his team kept the vans boot for the archives and just bought the customer a new pair .
the boa system will be incorporated into the outer neoprene cap , where it provides micro - adjustability and an enhanced level of fit , function and comfort customized for each individual patient . during scalp cooling therapy , which is administered as patients undergo chemotherapy infusion , the boa system will help to ensure complete coverage to assure consistent cooling to all areas of the scalp . boa’s single - handed adjustment makes it easy for clinicians and cappers to fine - tune the fit of the cap at any time throughout the infusion process .
started with one big idea to replace traditional shoelaces in snowboard boots with a faster , more convenient method of lacing up . the innovative platform that resulted , known as the boa
the innovative platform that resulted , known as the boa® system , consists of expertly configured dials , laces , and guides to ensure a precision fit every time . today , boa is the leading expert in fit optimization with over 83 million closure and adjustment solutions in products across golf , athletic , snow sports , outdoor , cycling , utility , and medical .
boa provides replaceable parts at no charge for the life of the product in which we are integrated . in order to support the continuing improvement of boa products and the products of the brands we work with we need the following information in order to provide your parts at no charge . this will also be used as shipping information to get you the parts you need .
at the time , the boa partnership represented a new adventure for ryder , since we were running our brand business and did not have a dedicated division to work with external ems customers . plus , our business focus was entirely on our own electronics products , not plastic closure components like those required by the boa lacing system . nonetheless , we decided to take on the challenge .
with the new brand identity also comes an increased involvement in product design and development , as boa works side - by - side with its brand partners to develop unique fit solutions and achieve the ideal design through customized dial , lace , and guide configurations . by putting passion into practice , boa and its brand partners work collaboratively in making the world ' s best gear even better .
in the following year , we allocated an entire production line , a cft office and a customer operation room to boa , in a newly designed area of about 5 , 600 sq . ft .
boa’s ultra - durable system doesn’t stretch or flex throughout the day . it’s built to perform in any environment and is guaranteed to last beyond the life of any brace , prosthesis , or medical device .
dial in the perfect fit for more even pressure distribution and better power transfer . with dial placement for zonal fit , and fine tuning down to the millimeter , boa helps you maintain circulation throughout your ride .
the deroyal warrior spine bracing line , powered by the boa closure system , features powerful closure and compression that is easy for the patient to adjust with the turn of a dial . we’ve got your back .
in its first year of production , the dignicap ® system has signed contracts with 53 medical centers across 17 u . s . states . enhanced outer caps featuring the boa system will be available in 2017 .
the exos rapid splint system makes use of a proprietary composite polymer technology to treat acute fractures and injuries that require stabilization . it allows clinicians to reduce the number of steps involved in preparing splints that are applied , according to a company press release . with integrated foam padding and smooth edges , the splints are applied warm and dry to improve the patient experience by offering comfort , protection and the elimination of potentially wound causing , sharp fiberglass edges .
the company’s collaborative approach with its brand partners seems to be a successful one thus far . working closely with companies like adidas golf led boa to become a much sought - after commodity in the golf footwear industry .
is snowboarding still boa’s heritage category ? why is this category still so important for the company ? absolutely ! we were born and bred right here in the mountains of colorado and snowboarding is a permanent and incredibly powerful part of our dna . outside of being a sport that so many of us here at boa® are personally passionate about . snowboarding , as a whole , also still represents a huge part of our overall global business .
doing more and doing it better was what prodded boa founder gary hammerslag , a steamboat springs entrepreneur , to incorporate the vein - threading , plaque - blasting medical wires he invented in the early 1990s into snowboard boots .
the closure system is being used in golf shoes , above , and boa is offering the system in such diverse items as helmets , safety pads , work boots and orthopedic braces as it grows by 30 percent a year .
the technospine scoliosis brace has been specifically developed to reduce pain , improve mobility and reduce degenerative progression in adult scoliosis patients . it features the boa fit system , which allows precise adjustment by the user for optimal comfort and pain relief .
with your growth and new hires , are there any particular people or teams you would like to highlight ? expanding the fit lab team and expertise has allowed boa to combine category expertise with boa history and knowledge , to bring integrated fit solutions to our brand partners that address their consumers specific product concerns . our new vp of marketing scott mavis , was one of the first three ride employees before working his way up to a vp marketing level role with k2 / ride .
if you think boa is just some quick fix catalog solution , think again . we work side - by - side with our brand partners to develop unique fit solutions and achieve the ideal design through customized dial , lace , and guide configurations .
launched in december 2017 to enhance the dignicap scalp cooling system , the dignitherm click cap is engineered with the boa system , ensuring a close , precise and uniform fit for optimal results during the scalp cooling process to minimize chemotherapy induced hair loss .
fourteen years later , boa’s game - changing dialed closure system — which employs a reel and steel cable to evenly tighten golf , running , cycling and snow - sport footwear — is in more than one - third of the world’s snowboard boots and growing by 30 percent a year as it succeeds the pull - and - knot shoelace in more than a dozen sports shoes . more than 70 riders in this year’s tour de france are pedaling in specialized shoes laced with boa’s hair - thin cables .
boa’s path over the past decade includes large steps . when it moved from snowboarding into cycling in the early 2000s , it nearly doubled its reach . then , golf shoes doubled the cycling market . then , outdoor shoes . and now , medical and utility .
the acta relief back is designed to eliminate high - pressure areas on the patient ' s back , no matter what their deformity may be . to do this , four boa dials allow for the micro - adjustment of zones to reduce pressure of bony prominences .
thanks to a majority investment last month by a san francisco firm , boa is expanding and launching deeper into the medical - bracing and safety - utility industries , offering its dial - to - tighten lacing system in helmets , safety pads , work boots and orthopedic braces .
outside of the office , neville enjoys spending time with family and friends , supporting non - profit organizations in education , mentoring , the arts , and the environment , as well as experiencing boa when in the mountains , on his bike , or on the golf course .
to get a firsthand feel for this budding tech , digital trends recently visited boa’s offices located in denver , colorado . while there , we not only learned about the company’s history but also its stringent testing procedures , approach to design , and unique working relationships with partners .
this page is your one - stop - shop for any repair or replacement needs for your boa - powered products . if you already have your parts , then click on the corresponding animated repair video or repair instruction pdf and start the quick and easy repair process . repair pdfs
the new majority stake by glenbrook consumer partners — an investment firm focused on innovative consumer brands with $ 10 million to $ 40 million equity investments in such brands as jamba juice and under armour — will further elevate boa’s closure system , now found in 100 brands divided into 15 primary categories .
glenbrook managing partner peter breck in a statement said boa “exemplifies all the elements we seek in a partner , ” with “a highly differentiated product offering , attractive and scalable business model , a large market opportunity and , most importantly , an extremely talented , passionate and high - integrity team . ”
other machines in the test lab were built to show just how well the boa closure system handles intense heat , cold , and humidity , while others simulate conditions as extreme as those found on mt . everest or at the north and south pole . one test even immerses a shoe completely in water to determine how well it functions when thoroughly saturated , while another speeds up the aging process of individual parts to judge performance over time . this rigorous testing process gives boa the confidence to extend a lifetime guarantee on its lacing system , which is something typical shoelace manufacturers just don’t offer .
meanwhile , the staff at boa remains focused on continuing to improve its closure system by further slimming down its components and improving overall performance . the system isn’t particularly large or heavy now , but in some markets — including the tradition - rich golf segment– challenges still exist . for instance , some golfers are put off by the unique locking dial , so finding ways to blend it in seamlessly with the shoe while still maintaining comfort and performance , are top concerns . for other sports , it’s all about seeking out performance and durability , two areas in which boa already excels but is constantly advancing .
system , consists of expertly configured dials , laces , and guides to ensure a precision fit every time . today , boa is the leading expert in fit optimization with over 83 million closure and adjustment solutions in products across golf , athletic , snow sports , outdoor , cycling , utility , and medical .
from the very beginning , the relationship between boa and ryder was rooted in mutual trust and respect and a desire for a long term partnership that would be beneficial for both parties . ryder understands that for them to be successful , their customers must be successful and they work on our behalf .
that isn’t to say that boa — or adidas , which was a sponsor of the press tour — is prepared to rest on its laurels . mason denison , global director of adidas golf , told digital trends that the shoe maker is already well into development on its 2018 and 2019 shoes and is keeping its gaze focused beyond even that timeframe . of course , boa intends to play a central role in those future designs as well , using its prototypes team — as well as its fit and test labs — to provide companies like adidas with the support and technical insight it needs to continue making successful shoes .
what are the greatest categories of growth for boa ? while we continue to build on our heritage in snowboarding , we ' re also excited to bring the same game - changing fit solutions to performance categories like run , golf , and of course , a wide range of snow sports and snow sports equipment .
boa works closely with partners like adidas , and that is a direct result of building the fit lab , a branch of its facility installed two years ago . after a design passes through the prototype phase and gets approval , the new parts head to the fit lab where they’re turned into working models that can be integrated into real - world products . this allows the designers at boa — and partners — to piece together test models of future products months before they are scheduled to ship to stores , giving both parties a chance to see how the individual elements that make up a shoe work in conjunction with one another .
to reflect the expanded growth , refined innovations , and continued partnerships , boa is excited to share a new corporate branding and visual identity , releasing globally in february 2017 . the updated branding will debut across a newly launched consumer - focused website , and will be featured in consumer and trade advertising beginning next month .
“they’re what , 50 times , 100 times bigger than all those markets ? ” said boa chief financial officer merle mccreery . “we proved we could gain market share in snow , and in these new market categories we are going into , we don’t need to gain nearly as much market share to really grow the revenue . ”
we’re out there with our gear every chance we get — just like you . and just like you , we never settle . that ' s why we invented the boa fit system : from the start , we’ve believed that how you experience fit can be improved with innovative design . together with premium partners who share our passion , we continually reimagine and refine .
in 2011 , hammerslag , who is now boa’s former ceo and current chairman of the board , also saw a potential for the lacing system to be used in the medical industry . today , the closure is used in a variety of braces , casts , and orthopedic and prosthesis devices , making it easier to dial in a firm , yet comfortable , fit for patients .
whether you rely on your brace , prosthesis , or medical device at work , at play , or simply to help you get where you need to be , boa helps you go further . the ability to make incremental single - handed adjustments throughout the day means you can control pressure and manage fit without ever removing your clothing , brace , prosthesis , or medical device .
unprofessional and slacker culture . no recognition for hard work . if fact you might get canned or laid off for it . there are people in leadership positions based on tenure rather than actual abilities . your patience and tolerance for childish behavior will determine how much you enjoy your boa experience . some days are akin to being the only sober passenger in a car full of drunks .
our products are featured in millions of snowboard boots on mountains around the world . they fine tune fit in the shoes of the world’s best cyclists . they’re in work boots that work 60 hours a week and in medical equipment that works 24 / 7 . we started with one big idea , and now there are millions of people worldwide going faster , higher , and further in boa .
once a design clears the fit lab , it is often sent on to the test lab to undergo some serious abuse . the lab pokes , prods , and pushes the lacing system’s various components to their absolute limits to understand how it might perform in the real world . we witnessed stress tests on laces , guides , and dials that demonstrate just how far they perform above and beyond boa’s stringent specifications .
our fit solutions ride in millions of snowboard boots on mountains around the world . they fine tune fit in the shoes of over 100 tour de france cyclists . they’re in work boots that work 60 hours a week and in medical equipment that works 24 / 7 . we started with one big idea , and now there are millions of people worldwide going faster , higher , and further in boa . our categories
boa will soon move from its cramped but cool warehouse offices along denver’s south platte river to 23 , 000 square feet in the taxi development downriver . the company’s medical sales team has grown from one to three employees . there are plans to add more workers to its 60 - employee roster . in the past year , the company has added 10 “interesting and unique” partners , mason said , that push the company into industries beyond sports .
even on a normal weekday , boa’s headquarters is a hive of activity . the once trendy office space has grown increasingly crowded in recent months as the company added more staff to meet mounting demand for its products . next year , the team plans to relocate to a larger building better suited to accommodate the expanding workforce . in the meantime , employees conduct business in cramped facility , packed with machines designed to test every aspect of the lacing system .
at boa , our people drive everything that we are today , and will become decades from now . we think like owners yet take calculated risks , pushing what ' s possible so we can create what ' s next . we know the joy of actively pursuing goals , making them realities , and then moving on to the next challenge . if this type of environment sounds rewarding to you , check out our open positions and send us your resume . view available positions
in an effort to fully build out the opportunity surrounding kits for customized products , click medical joined forces with already established revo limb , llc . revo limb integrates the boa closure system into custom prosthetic sockets making sockets adjustable , so there is no need to don and doff liner socks to accommodate daily volume changes . their product and customer base matched the exact target of click medical , and both entities agreed that collectively they would be better served via click medical . thus revo limb’s products and personnel will now operate through click medical .
it’s stories like this that make boa’s growth throughout the past 15 years make sense . the company now employs almost 200 people with a year - over - year increase in hires hovering around 45 % , and a 70 % increase internationally . “our growth has been amazingly fast , ” says liz moore , marketing manager . “we opened up an emea [ europe , the middle east , and africa ] office to meet increased business demands , and are expanding our presence in denver , austria , japan , korea , a factory office in china , and a distribution center in hong kong . ”
neville joins boa following his role as ceo and chairman of aerosoles group , a leading global footwear company , and remains an active board member of zildjian percussion . he began his career at procter & gamble and visa usa after graduating with honors from the university of denver . his career path turned to the footwear industry when neville joined reebok international in the early 90’s , where he served as vp of usa marketing , gm of reebok france & european operations , and svp & gm of reebok north america . shawn joined footaction usa as ceo and president in 1998 , and led keds corp . as president from 2004 - 2008 , which was recognized as the global footwear marketer of the year in 2006 . shawn also led the successful acquisition of saucony during his tenure at footaction usa . in 2009 , neville joined avery dennison as president of its $ 1 . 6 billion global retail and information solutions group , which primarily serves the global footwear and apparel industry .
dia’s terminal is in for more than 3 years of construction . here’s how it will play out , and what to expect .


alafco ( aviation lease and finance company ) is an aircraft-leasing company , based in kuwait .

it is jointly owned by the kuwait finance house and kuwait airways .

its lease terms are islamic economical jurisprudence-compliant .

alafco

alafco already ordered 26 a320s of which 25 have been delivered . including this order , it shall then take alafco’s total order for airbus single aisle aircraft to 56 .
alafco is a sharia - based aircraft leasing company with its headquarters in kuwait . the company is listed on the kuwait stock exchange and its ticker symbol is alafco . alafco has in its portfolio 50 boeing and airbus aircraft that it leases to airlines around the world .
copyright © 2017 alafco aviation lease and finance co . all rights reserved . | privacy policy
islamic lender kuwait finance house kfin . kw and state - owned kuwait airways are alafco’s biggest shareholders .
an ethiopian airlines boeing 737 - 800 is pictured in malawi . the carrier is alafco’s sole african client .
allegiant air to lease 13 a320s from alafco
is part of atw plus , our online premium membership .
alafco had ordered six 737 - 800s in march 2007 with the last airplane delivered to the leasing company in july 2011 .
alafco plans to have at least 100 aircraft in its portfolio by 2020 , up from 50 aircraft at the end of 2015 .
based in kuwait , alafco is a growing aviation lease and finance company with customers in asia , the middle east , and europe .
we are pleased to have alafco as a new engine customer ,
said david calhoun , president and ceo of ge transportation .
we look forward to a long - term working relationship . the genx will bring excellent economic performance to the alafco a350 fleet .
the signing ceremony was attended by alafco’s chairman and ceo mr . ahmad alzabin and ray conner , president and ceo of boeing commercial airplanes .
commenting on the announcement , mark nieuwendijk , managing director of aerdata said “we are pleased to announce alafco as our newest cms customer . alafco , in choosing aerdata , will realize the many benefits of using our industry standard lease and asset management platform to expand their business . ”
in 2006 , alafco was listed on the kuwait stock exchange . today , 46 % of alafco is owned by kfh , 14 % is owned by gulf investment institution , 10 % is owned by kuwait airways corporation ( kac ) and the remainder is held by private investors .
sale and leaseback is a financial transaction in which the seller ( airline ) of the lease aircraft sells the product to the lessor ( alafco ) .
mr . albulooshi joined alafco in january 2010 . he is seasoned aviation professional who has worked within various teams of alafco , including marketing where he worked for more than 4 years . he has also attended various international aviation events . mr . albulooshi led the initiative on development of alafco’s 5 year strategy and business plan in 2012 . he holds a bsc in electrical engineering ( kuwait university ) and an mba degree ( kuwait maastricht business school ) .
it recently bought four b777 - 300er planes for $ 1 . 36 billion from kuwait airways , which alafco will lease to the carrier until 2029 .
alafco aviation lease and finance company kscp , headquartered in kuwait , is a global aircraft leasing company . the company was founded in 1992 by kuwait airways corporation ( kac ) and acquired by kuwait finance house ( kfh ) in 1999 . alafco’s registration was changed from bermuda to kuwait and it was converted to a sharia compliant aircraft leasing company in 2000 . alafco ' s main activities are : aircraft operating leases , sale and leaseback of aircraft and aircraft lease management .
alafco’s widebody interest will not extend to the airbus a380 , he said . “the a380 is a very specialized aircraft . it doesn’t fit our investment criteria . ”
mr . albanwan was elected to the board of alafco from 2002 to 2012 and now serves as deputy chief executive officer of alafco since september 2014 . before alafco , he worked with kfh since 1999 where he last held the position of head of direct investments . his experience in aircraft leasing and structured finance and investments spans over 15 years . in addition to alafco , he has been a board member in saudi kuwait finance house , kuwait finance house bahrain , al - muthanna investment company and development enterprises holding company . he holds a bachelor of accounting from kuwait university , and an mba degree from school of business administration - university of san diego .
in terms of the leased fleet , five boeing 737 - 800s are leased to turkish airlines , while saudia is the largest a320 alafco lessee with 13 a320 aircraft .
alafco’s management comprises of executives with vast experience in the aviation industry . the management is committed to providing our customers the highest levels of service and operates with utmost integrity .
alafco is owned 53 percent by kuwait finance house , with kuwait airways corporation owning 11 percent , kuwait’s public institution for social security 5 percent and other investors 31 percent .
alafco , a sharia - compliant aircraft leasing company listed on the kuwait stock exchange , specialises in aircraft operating leases , lease management and in the sale and leaseback of aircraft .
at the paris airshow in june , alafco signed a memorandum of understanding to purchase 30 a320neo family aircraft , worth a total of $ 2 . 7 billion at list prices .
with its rising portfolio , substantial new aircraft orders , and a highly talented experienced team of professionals , alafco is well positioned to meet the needs and demands of airlines worldwide .
“in a continuously growing market , alafco is fully focused on offering its customers the most modern , technologically advanced and economically efficient aircraft . with the a321neo we will be able to look forward to even greater levels of efficiency and offer our customers some of the best that the industry has to offer , ” said ahmad a . alzabin , alafco chairman & ceo .
to date , alafco’s portfolio consists of 50 airbus and boeing aircraft , leased to 14 airlines in 13 countries across europe , asia , africa , latin america and the middle east .
“in a continuously growing market , alafco is fully focused on offering its customers the most modern , technologically advanced and economically efficient aircraft . with the a321neo we will be able to look forward to even greater levels of efficiency and offer our customers some of the best that the industry has to offer , ” said ahmad a . alzabin , alafco chairman & ceo .
leasing company sees surge in demand for larger aircraft models june , 22 , 2011 — alafco , the kuwait - based international aviation lease and finance company , has signed an agreement for six more airbus a350 xwb aircraft . this repeat order brings alafco’s total order for the a350 - 900 to 18 aircraft . the deal was signed at the 49th paris airshow in le bourget .
) ( alafco ) plans to double its aircraft fleet to 100 by 2018 , and is in negotiations with airbus ead . pa for a new order , its chairman said on monday .
alafco aviation lease and finance company , the kuwait - based international aircraft leasing company , has finalised a purchase order for 35 a320neo family aircraft bringing its total backlog for the type to 85 .
ahmad alzabin , chairman and ceo of aviation lease and finance co . ( alafco ) , speaks during reuters midddle east summit in kuwait city on october 24 , 2011 . reuters / stephanie mcgehee
alafco aviation lease and finance company and pt garuda indonesia ( persero ) tbk ( idx : giaa ) jointly held a formal signing ceremony today in jakarta to commemorate the financing of 2 boeing 777 - 300er aircraft . under the transaction , alafco will be financing 2 boeing 777 - 300er aircraft for garuda indonesia through a sale and lease back scheme . the aircraft will be delivered from boeing in june 2013 and july 2013 .
le bourget - alafco aviation lease and finance company ( kscc ) has signed a memorandum of understanding for the purchase of 12 firm , six option airbus a350 aircraft powered by general electric company ' s genx engine .
dubai , july 12 ( reuters ) - kuwait’s aviation lease and finance company ( alafco ) has asked commercial banks to submit proposals for a $ 300 million loan , banking sources familiar with the matter said on wednesday .
london — kuwait - based aircraft leasing firm alafco aviation lease and finance company , announced on thursday at the farnborough airshow , a change on its existing order for 10 a320neo to instead take 10 of the larger a321neo variant .
mr . garg is head of accounts in alafco aviation lease and finance company . he joined alafco in jan 2013 as finance manager . he holds a degree of b . com ( hons . ) from delhi university , india . he is also a certified chartered accountant ( ca – india ) and holds a certificate of ifrs ( acca –uk ) . he has considerable experience of over 10 years in the realm of audit , accounts , finance and tax .
establishing a growing relationship with the general electric company is important to us ,
said ahmad alzabin , chairman and ceo of alafco lease and finance company .
ge brings to us both technical and global market expertise .
alafco aviation lease and finance company kscc , headquartered in kuwait , is a global aircraft leasing company . the company was founded in 1992 by kuwait airways corporation ( kac ) and acquired by kuwait finance house ( kfh ) in 2000 . alafco ' s customers include royal jordanian , malaysia airlines , air europa , turkish airlines , china eastern airlines , yemenia , air india , china southern airlines , sky airlines , saudi arabian airlines , vietjet air and goair .
address : alafco aviation lease and finance company kscc , 3rd floor , chamber of commerce & industry building , shuhada street , murqaab , kuwait city – kuwait . , p . o . box 2255 safat . 13023 , kuwait . ,
mr . qazi joined alafco in 2015 as the head of risk and compliance . prior to joining alafco , mr . qazi was working as a director in deloitte australia . he has also worked with protiviti consulting and pwc . all of his experience relates to risk advisory and control assurance within the financial services industry . mohammad is a qualified chartered accountant with more than 10 years of experience in different jurisdictions including australia , uk , turkey , malaysia , bahrain , kuwait , pakistan , uae and saudi arabia .
, senior vice president , global sales and marketing , boeing commercial airplanes .
we are very pleased with this opportunity to help expand alafco ' s single - aisle portfolio with the 737 max and look forward to strengthening and growing this partnership even further .
“the a320neo is proving to be a very popular aircraft due to its economics and low fuel burn , ” said abulqasim abdulghaffar redha , alafco executive vice president . “we anticipate strong demand from leasing customers and we look forward to helping them meet their requirements . ”
“this order reflects a strong recovery in long haul traffic demand from our customer airlines . the a350’s position as the most fuel efficient aircraft in its class is a great asset in our aircraft portfolio , ” said ahmad al zabin , alafco’s chairman and chief executive officer .
alafco aviation lease and finance company , the kuwait - based international aircraft leasing company , has upsized an order of ten a320neos to a321neos . the contract was signed today at farnborough international airshow . this agreement is part of an overall agreement signed in 2012 for 85 a320neo’s .
alafco placed its first order for the a350 xwb in 2007 when it ordered 12 a350 - 800s . these were later upsized to the larger a350 - 900 in 2010 . the a350 - 900 typically has a capacity of around 40 more seats than the a350 - 800 .
aerdata , the provider of lease management , records management and engine fleet planning software , announced today at the istat americas 2016 annual conference that alafco aviation lease and finance company , has chosen aerdata’s corporate management system ( cms ) to support their fleet of over 50 aircraft .
“this upsizing from a320neos to a321neos confirms the market trend for larger aircraft . the a321neo will bring alafco’s customers unbeatable economics and the highest standard of passenger comfort . it is the ideal middle of the market aircraft , ” said john leahy , airbus chief operating officer , customers .
“this upsizing from a320neos to a321neos confirms the market trend for larger aircraft . the a321neo will bring alafco’s customers unbeatable economics and the highest standard of passenger comfort . it is the ideal middle of the market aircraft , ” said john leahy , airbus chief operating officer , customers .
farnborough , united kingdom | july 10 , 2012 / prnewswire / – boeing ( nyse : ba ) and kuwait airplane leasing company alafco today announced a commitment at the 2012 farnborough airshow for 20 boeing 737 max 8s valued at $ 1 . 9 billion at current list prices .
mr . satar was thanking alafco for the partnership of the financing for the b777 - 300er aircraft with garuda indonesia and said this is an important milestone for garuda indonesia since this was the first time for garuda indonesia to enter a new era of partnership in accordance with sharia principles .
“ this upsizing from a320neos to a321neos confirms the market trend for larger aircraft . the a321neo will bring alafco’s customers unbeatable economics and the highest standard of passenger comfort . it is the ideal middle of the market aircraft , ” said john leahy , airbus chief operating officer , customers .
asian airlines are forecast to continue with strong growth and alafco is intensifying its pursuit of leasing opportunities there . “we have placed six a350 - 900xwbs with thai airways for 2017 - 18 . we have a solid contract with them and everything is going well , ” he said of the 2011 deal .
alafco’s order pipeline is still awaiting 117 aircraft , consisting of 85 a320neos , 20 b737 - 8max and 12 a350 - 900xwbs . in 2015 the company added four aircraft to its fleet and saw one disposal . as at october 1 this year it had 53 aircraft , 50 owned and 3 managed for investors .
kuwait , nov . 4 , 2012 / prnewswire / - - boeing ( nyse : ba ) and kuwait airplane leasing company alafco finalized an order for 20 boeing 737 max 8s valued at $ 2 . 0 billion at current list price . the order was first announced as a commitment at the farnborough airshow in july .
alafco is 100 - percent islamically funded . by statutes of its articles of association , it is shari’ah - compliant . “we do murabaha and ijarah . murabaha means i buy and sell to you with a mark - up . ijarah is leasing , where i own the asset and rent it to you , ” he said .
alafco aviation lease and finance company kscp 3rd floor , chamber of commerce & industry building , abdul aziz al - sager street , al - qibla , kuwait city - kuwait . p . o . box 2255 safat . 13023 , kuwait . tel : + 965 2290 2888 fax : + 965 2240 5225 email : info @ urltoken
“this is the first commitment for the 737 max from the middle east which is one of the aviation industry’s highest growth regions , ” said conner . “we are proud of the confidence that alafco has placed in the 737 max which will deliver unsurpassed fuel efficiency in the single - aisle market as well as improved environmental performance . ”
june 22 , 2011 — alafco , the kuwait - based international aviation lease and finance company , has signed an agreement for 30 airbus a320neo aircraft . the memorandum of understanding ( mou ) was signed at the 49th paris airshow in le bourget . it follows the placing of an earlier firm order for six a350 - 900 aircraft .
today , with rising fuel costs , the 737 max will provide operational cost savings to airlines in addition to being more environmentally friendly due to its latest quiet engine technology ,
stated alafco ' s chairman and ceo ahmad alzabin during the farnborough airshow .
these are the advantages that airlines are looking for in the current competitive and demanding environment .
as a lessor , we are committed to provide our global customer base with technologically - advanced aircraft ,
said ahmad alzabin , chief executive officer and vice - chairman , alafco .
fuel efficiency , operational reliability and efficiency are key factors for our airline customers and the 737 max will help us meet those demands in the single - aisle market .
“this order echoes the market demand for larger more fuel efficient long haul aircraft . we are delighted that alafco has selected our a350 - 900 as the reference aircraft for their long haul leasing business . to get a repeat order from a lessor , is a great vote of confidence in the a350 xwb , ” said john leahy , airbus chief operating officer customers .
this is the first order for the 737 max from the middle east , which is one of the aviation industry ' s highest growth regions ,
said ray conner , president and ceo of boeing commercial airplanes .
we are proud of the confidence that alafco has placed in the 737 max , and hope to continue this partnership well into the future .
present at the signing ceremony were alafco ' s chairman mr . ahmad a . alzabin and garuda indonesia president & ceo mr . emirsyah satar , who said
mr . alzabin said alafco is very proud to have garuda as a new customer . he said the airline ' s management and board have done a remarkable job in turning this airline around and making it the pride of indonesia , and is confident the airline will continue to reach new heights in the coming years . he also said that this transaction is the first in indonesia , where the aviation industry is growing rapidly on the back of a strong economy that is forecasted to grow at an average rate of 6 - 7 percent annually until 2017 and be among the top six global economies by 2030
.
mr . quadri joined alafco in february 2016 . he has over 25 years of diverse experience across the aviation industry , including 17 years with the emirates airline group and five years with singapore based boc aviation . saeed is a professionally qualified accountant from the institute of chartered accountants of india and the american institute of certified public accountants . he holds a bachelor of arts degree from osmania university in hyderabad with specialisation in mathematics , applied mathematics & statistics .
mr . alroumi joined alafco in october 2008 from kuwait airways corporation , where he worked as an avionic engineer maintaining kuwait airways ' fleet in a flight ready condition at various base locations for 17 years . mr . alroumi graduated from air service training ast scotland and prior to that he worked for one year as a line engineer in the kuwait air force . mr . alroumi has many years of experience in aircraft maintenance specializing in aircraft avionics and systems documentation .
“after a full analysis , we concluded that the a320neo will continue to be in strong demand , therefore , we are seizing the opportunity to secure an additional 35 aircraft to meet the future requirements of our customers . the a320neo is the market’s favourite single - aisle aircraft family , ” said ahmad a . alzabin , alafco chairman & ceo . “the significant fuel burn savings it offers , combined with the operational reliability and cost effectiveness of the a320 family , make it an absolute “must have” in our portfolio . ”
ultra - low - cost carrier ( ulcc ) allegiant air has signed a 12 - year lease with kuwait - based alafco aviation lease and finance co . for 13 airbus a320s . the las vegas - based carrier said the eight - year - old aircraft are expected to enter service beginning in the first quarter of 2018 . the agreement includes an option to purchase at the end of the lease term . the a320s will be configured with 186 seats and will be powered by cfm international’s cfm56 - 5b engines . allegiant called the . . .
mr . khot joined alafco in january 2001 from general electric capital in the us where he held various positions in risk management . prior to that , he was a manager with fidelity financial services , a subsidiary of the bank of boston . mr . khot brings many years of underwriting and portfolio management experience as a result of his roles in originating secured and unsecured sub - prime loans , servicing the loans and remarketing foreclosed assets . he holds a bba degree in finance from the university of central oklahoma , and an mba degree in finance from oklahoma city university .
today , alafco’s sole african client is ethiopian airlines , which leases three 737 - 800s . “we are also looking at other possibilities in north , central and southern africa . we hope to increase our presence there . we are very open - minded . africa is establishing itself right now . we need to see it stabilize . north africa is settling down after the arab spring . in central africa , there are attempts to start airlines , but without real credibility . until they gain credibility , everyone will struggle . you need to have the right structure in place . there is a lot to be done , ” al zabin said .
rotating 220 miles ( 354 km ) above earth is the international space station , where boeing provides a safe environment for more than 200 experiments .
celebrate 100 years of boeing with 100 days of learning . join us as we explore the world of aerospace with free educational materials .
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the 737 max is the new - engine variant of the world ' s best - selling airplane and builds on the strengths of today ' s next - generation 737 . the airplane will be powered by new cfm international leap - 1b engines . along with the engines , aerodynamic improvements to the tail and the new advanced technology winglet , the 737 max will reduce fuel burn and co2 emissions by 13 percent over today ' s most fuel - efficient single - aisle airplane , the next - generation 737 . the 737 max will have the lowest operating costs in the single - aisle segment with an 8 percent advantage per seat over tomorrow ' s competition .
the order brings the total number of 737 max orders to date to 878 .
contact : saffana michael boeing commercial airplanes + 9 7150 - 4590651 saffana . michael2 @ urltoken
alzabin also said that the b777 - 300er is the best aircraft in its class today that will provide garuda and its customers years of reliable service and comfort . these two b777 - 300er aircraft are the first in garuda ' s fleet and the lease is structured in accordance with islamic sharia principles . finally , alzabin said he hopes to enter into more transactions with garuda and support its future growth plans .
these two aircraft is part of 10 b777 - 300er which was ordered to boeing company and four aircraft will be delivered this year . two aircraft will soon serve jakarta - jeddah on july , and two other aircraft will serve sydney - jakarta - london on q4 this year . from operation point of view , this new fuel - efficient and state - of - the - art aircraft will give more comfortable traveling to our passengers and allow garuda to maintain its more efficient operations ,
said satar .
as part of its
quantum leap program 2011 - 2015
, garuda indonesia will welcome 24 brand new aircraft this year alone , including four boeing 777 - 300er , three airbus a330 , ten boeing 737 - 800ng , and seven bombardier crj1000 nextgen . by 2015 garuda indonesia will see its fleet grow from the current figures of 106 aircraft 194 aircraft with an average of age less than five years .
garuda indonesia is the national flag carrier of indonesia , serves as full service carrier and provide low cost carrier services under our subsidiaries pt citilink indonesia . per december 2012 , garuda indonesia group operates 106 aircrafts , serves 34 domestic and 19 international destinations in southeast asia ( kuala lumpur , singapore and bangkok ) middle east ( jeddah , abu dhabi ) , north asia ( tokyo , osaka , beijing , shanghai , guangzhou , hongkong , taipei , seoul ) , australia ( sydney , melbourne , perth ) and europe ( amsterdam ) .
to expand international destinations , garuda indonesia has signed codeshare agreements with 11 international airlines partners , and total serves to 35 international destinations .
garuda indonesia has mission to become the flag carrier of indonesia that promotes indonesia to the world , supports national economic development by delivering professional air travel services . for further info about garuda indonesia please visit
copyright © 2018 acn newswire . all rights reserved . a division of asia corporate news network .
garuda indonesia group books net income of us $ 9 . 35 million for 2016 , maintaining positive performance
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we as lessors acquire certain aircraft at our own risk and transfer the product to the lessee as the lease object , for the purpose of temporary possession .
air transportation is a fast growing and a very competitive industry . it is also highly capital intense and sensitive to business cycle ,
if any employee or external party reasonably believes that some policy , practice , or activity of the company is in breach of law , regulatory requirements or applicable regulations , a written complaint may be filed through the whistle blowing mechanism of the company .
our financial results reflect our prudent management style which has enabled us to steadily expand and diversify by exploiting new opportunities during these trying times .
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the three - year loan would be used to back aircraft purchases and for pre - payment on deliveries .
kfh capital , the main investment arm of kuwait finance house , is advising the company on the fundraising , the bankers said .
the company reported a 78 percent jump in net profit to 10 . 8 million kuwaiti dinars ( $ 35 . 75 million ) for the six months to march 31 .
the firm is 46 percent - owned by kuwait finance house , while gulf investment corporation – an investment company equally owned by the governments of the six member states of the gulf cooperation council – owns a 14 percent stake .
kuwait airways corporation owns a 10 percent stake , and the remainder is held by private investors .
miami — russian flag carrier , aeroflot , is negotiating with airbus the expansion of its long - haul fleet with a potential order of 28 airbus a350 - 900s , worth $ 7 . 8 billion at list prices . . . .
miami — delta air lines broke its own record by transporting 17 . 7 million passengers in june alone . the airline claims to have flown this number of passengers through both its . . .
the new contract is part of an order placed by the leasing firm in 2012 for 85 a320neos . of these , 14 will be delivered to air india ,
a global review of commercial flight since 1994 : the leading commercial aviation publication in north america and 35 nations worldwide . based in miami , florida .
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the
wow
factor . . . and a new era dawns ( 2004 - 2007 )
nearly 37 , 400 new aircraft valued at us $ 5 . 8 trillion required over 20 years
the a320 family is the world’s best - selling single aisle product line with almost 12 , 600 orders since launch and more than 7 , 100 aircraft delivered to more than 320 operators worldwide . thanks to their widest cabin , all members of the a320 family offer unmatched comfort in all classes and airbus’ 18” wide seats in economy as standard . with one aircraft in four sizes , the a320 family , seating from 100 to 240 passengers , seamlessly covers the entire single - aisle segment from low to high - density domestic to longer range routes .
airbus forecasts need for nearly 37 , 400 new aircraft valued at us $ 5 . 8 trillion over 20 years
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klm traffic up 3 . 6 % in june , up 5 . 4 % in first half 2018
latest aviation news • brexit and british airways , easyjet , ryanair , et al .
latest aviation news • diversions from around the globe ( medical , technical , . . . ) 2018
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the genx engines for the firm 12 a350s are valued at more than $ 300 million . under the terms of the agreement , delivery of the aircraft , a combination of a350 - 800 and a350 - 900 models , is scheduled to begin in 2012 .
the genx is part of ge ' s
ecomagination
product portfolio - ge ' s commitment to develop new , cost - effective technologies that will enhance customers ' environmental and operating performance .
based on the architecture of the renowned ge90 , the genx is the next - generation of engine technology to succeed ge ' s highly successful cf6 , the best - selling engine family for wide - body aircraft . compared to the cf6 family , the genx will improve specific fuel consumption by 15 percent .
the genx is the world ' s only jet engine with a front fan case and fan blades made of composites for greater durability and weight reduction . it will operate with 18 fan blades ( 50 percent fewer than the cf6 ) at noise levels lower than any large ge commercial engine . the genx features a new combustor for efficient fuel mixing before ignition , resulting in significantly lower nox levels . the first full genx engine will go to test in 2006 , with engine certification scheduled for 2007 .
ge transportation - aircraft engines , a part of general electric company ( nyse : ge ) , is one of the world ' s leading manufacturers of jet engines for civil and military aircraft .
if you are a member of the press and have additional questions , please contact us by e - mail .
ge aviation is a world - leading provider of commercial , military and business and general aviation jet and turboprop engines and components as well as avionics , electrical power and mechanical systems for aircraft . ge has a global service network to support these offerings . ge and its customers are also working together to unlock new opportunities to grow and deliver more productivity beyond traditional services . ge aviation is becoming a digital industrial business with its ability to harness large streams of data that are providing incredible insights and in turn , real operational value for customers .
kuwait based aircraft lessor has swapped 10 of the a320neos it has on order for larger a321neos .
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customers for the 787 dreamliner . the new commitment when finalized , will boost the lessor ' s order to 40 737 maxs .
the 737 max family has been designed to offer customers exceptional performance , flexibility and efficiency , with lower per - seat costs and an extended range that will open up new destinations in the single - aisle market .
the 737 max incorporates the latest technology cfm international leap - 1b engines , advanced technology winglets , boeing sky interior , large flight deck displays , and other improvements to deliver the highest efficiency , reliability and passenger comfort in the single - aisle market .
contact : saffana michael international communications boeing commercial airplanes + 9 7150 - 4590651 saffana . michael2 @ urltoken
06 : 00 et boeing to showcase the future of aerospace at farnborough . . .
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cst - 100 starliner test article domes mated into full capsule for first time at kennedy space center .
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boeing’s global reach includes customers in approximately 150 countries and employees and operations in more than 65 countries .
the 2018 boeing global engagement portfolio highlights ongoing , companywide efforts that build , enhance and contribute to the social fabric of our world .
bringing new ideas to life through technology advancements , disruptive market strategies , and venture partnerships .
the 737 max optimizes the market - leading strengths of the highly successful next - generation 737 to assure operators of competitive success far into the future .
the advanced - design next - generation 737 is the most cost - efficient , reliable and capable single - aisle airplane , featuring a dramatically elevated passenger experience thanks to the new boeing sky interior .
the 787 dreamliner applies breakthrough technologies to an all - new airplane design . the advanced features of the 787 increase efficiency , simplify airplane ownership and operation , and significantly improve the air travel experience .
he indicated new orders were unlikely in the near future . instead , he plans to acquire up to 10 narrowbody aircraft through 2016 through sale and leaseback , purchasing them and placing them back with operators on lease .
“we do not have plans [ to order ] additional aircraft direct from manufacturers . we will build the fleet with sale and leasebacks . these are more challenging , and there are so many newcomers to the market that want to try their luck at leasing , due to the low interest - rate environment . we have $ 500 million to invest [ but ] finding the right opportunity is a challenge . ”
“asia is the biggest opportunity . we do have operations in vietnam . we…helped vietjet air launch its operations with three a320 aircraft on operating lease . they started their operations with our aircraft . the airline is growing with great ambitions and has aircraft on order with airbus , ” he said .
“we are looking at all of africa for the right moment for things to stabilize and to start seeing real operations . what we see now is a scrimmage with private start - up intentions that do not appear viable . until moves are made by states or wealthy private start - ups , nobody is going to take the matter seriously . ”
“history will tell you that the aviation market is adversely affected by some global event at various times , whether it’s wars or sars or something else . however , the aviation industry is resilient and bounces back and continues its growth trajectory , ” al zabin said . “when oil prices go down there is an increase in demand for older aircraft , ” he added .
al zabin said kuwait airways was gradually regaining lost ground , after a shake - up instigated by chairman and managing director , rasha alroumi , who took over in 2013 . “its fleet renewal program is starting to take effect now . they are replacing their old fleet with new a320 and a330 aircraft [ and ] they are adjusting their flying schedule . ”
generally , he said , leasing companies are better placed than airlines to get capital from the market . “we play a mediatory role between the financial institutions and the airlines , ” he said . “we have not had a need for a credit rating . . . we have been operating for the last 15 years and never had a problem . financial institutions look at [ our ] balance sheet and performance for the last 15 years . ”
world growth of aviation and aircraft demand is directly related to gdp growth , al zabin noted . “there are other factors , such as fuel prices or interest rates . if there is gdp growth , then there will be growth in aviation . [ however ] if interest rates go up , then lease rental costs for airlines will increase . ”
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boeing looks forward to finalizing the agreement , at which time the order will be posted to the boeing orders & deliveries website .
already a market success , the 737 max has accumulated more than 1 , 000 orders and commitments from 17 customers worldwide since its launch on aug . 30 , 2011 . the 737 max is the new - engine variant of the world’s best - selling airplane and builds on the strengths of today’s next - generation 737 . the airplane will be powered by cfm international leap - 1b engines . along with the engines , aerodynamic improvements to the tail and the new advanced technology winglet , the 737 max will reduce fuel burn and co2 emissions by 13 percent over today’s most fuel - efficient single - aisle airplane , the next - generation 737 . the 737 max will have the lowest operating costs in the single - aisle segment with an eight percent advantage per seat over tomorrow’s competition .
“today , with rising fuel costs , the 737 max will provide operational cost savings to airlines in addition to being more environmentally - friendly due to its latest quiet engine technology , ” said mr . alzabin . “these are the advantages that airlines are looking for in the current competitive and demanding environment . ”
the firm contract is an increase of the previous agreement signed at the 2011 dubai airshow for 50 a320neo aircraft .
“higher fuel prices means airlines require fuel efficient aircraft and with the a320neo offering a 15 per cent fuel burn reduction , it is the ideal investment . the a320neo reduces operating costs whilst enabling airlines to offer the best cabin comfort levels , ” said john leahy , airbus chief operating officer customers . “this significant order from alfaco confirms that the neo ticks all the right boxes and is clearly the best product on the market . ”
over 8 , 300 a320 family aircraft have already been ordered and some 5 , 000 delivered to more than 350 customers and operators worldwide reaffirming its position as the world’s best - selling single - aisle aircraft family . the a320neo has over 95 percent airframe commonality making it an easy fit into existing fleets while offering up to 500 nautical miles ( 950 kilometres ) more range or two tonnes more payload at a given range .
the a320neo is a new engine option for the a320 family entering into service from 2015 and incorporates latest generation engines and large “sharklet” wing tip devices , which together will deliver 15 percent in fuel savings . this reduction in fuel burn is equivalent to 1 . 4m litres of fuel – the consumption of 1 , 000 mid size cars . this saves 3 , 600 metric tonnes of c02 per aircraft per year , the amount absorbed by 240 , 000 mature trees . the a320neo nox emissions are 50 % below caep / 6 and this aircraft also has considerably a smaller noise footprint .
“we’re taking neo orders from all corners of the world , from both airlines and leasing companies because we’ve hit a sweet spot in the market . an aircraft which offers a 15 % reduction in fuel burn is proving to be irresistible , ” said john leahy , chief operating officer customers .
over 7 , 000 a320 family aircraft have already been ordered and more than 4 , 700 delivered to more than 330 customers and operators worldwide reaffirming its position as the world’s best - selling single - aisle aircraft family . the a320neo has over 95 percent airframe commonality making it an easy fit into existing fleets while offering up to 500 nautical miles ( 950 kilometres ) more range or two tonnes more payload at a given range .
the a320neo is a new engine option for the a320 family entering into service from 2015 and incorporates latest generation engines and large “sharklet” wing tip devices , which together will deliver 15 percent in fuel savings . this reduction in fuel burn is equivalent to 1 . 4m litres of fuel – the consumption of 1 , 000 mid size cars . this saves 3 , 600 tonnes of c02 per aircraft per year , the amount of c02 absorbed by 240 , 000 mature trees . the a320neo nox emissions are 50 % below caep / 6 and this aircraft also has considerably smaller noise footprint .
the a350 xwb ( extra wide - body ) family is airbus’ response to widespread market demand for a series of highly efficient medium - capacity long - range wide - body aircraft . with a range of up to 8 , 500 nm / 15 , 600 km , it is available in three basic passenger versions : the a350 - 800 accommodating 270 passengers , the a350 - 900 seating 314 and the a350 - 1000 for 350 passengers in a typical three - class layout .
the a350 xwb has the widest fuselage in its category , offering unprecedented levels of comfort , the lowest operating costs and lowest seat mile cost of any aircraft in this market segment . with power supplied by two new generation rolls royce trent xwb engines , the a350 xwb family is designed to confront the challenges of volatile fuel prices , rising passenger expectations and environmental concerns . orders for the aircraft stand at more than 574 from over 36 customers .
inflight connectivity is about getting data to and from a passenger’s laptop , or getting their voice to the right ear , wherever that might be . the technology behind it may not be interesting to passengers , but it is technological developments , such as triagnosys’ new gsm roaming solution , that drive increased efficiencies , reduce costs and thereby enable airlines to offer more connectivity to more people . ”
“the first part of our plan was to reach a fleet of 50 aircraft , and we are almost there . . . now our plan is to reach 100 aircraft by 2018 , ” ahmad al - zabin told the reuters middle east investment summit in kuwait .
“we are in negotiations with airbus to increase the last order , and any outcome will be announced at the dubai airshow in november , ” zabin said .
the firm has a fleet of 48 aircraft , 27 of which are airbus , and the rest boeing , zabin said .
“among the companies we lease to are saudi airlines , turkish airlines , malaysia airlines , royal jordanian , and ethiopian airlines , ” he added .
zabin said the firm expected to post “record” profits for the fiscal year that ended september 30 , from one - off gains . it made a net profit of 10 . 8 million dinars ( $ 39 . 2 million ) in 2010 .
capa profiles help you identify new business opportunities and make better business decisions , by providing accurate and up - to - date data on airports , airlines , suppliers , investors , mros , lessors and countries around the world . each profile offers comprehensive news and analysis , as well as the ability to drill down into data on schedules , capacity share , fleet , traffic , financial results and more .
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iata’s board chairman , akbar al baker , created a lot of controversy last week when he ended the iata agm in sydney by telling reporters that “only a man” could run an airline ( for which he later apologized ) . this followed a media stir when iata issued a photograph of its board members , comprising 25 men and just one woman . but gender inequality is not the only imbalance in iata’s ranks . . . . more
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aerdata’s corporate management system ( cms ) is an industry leading platform that supports all business processes in aircraft leasing and asset management .
aerdata provides lease management , records management , engine fleet planning and audit and inspection software as well as technical and back office services for aircraft and engine operators , lessors and mros . with a strong customer focus , aerdata delivers a reliable and secure service to its clients using latest technologies and state of the art infrastructure .
aerdata was acquired by the boeing company and became part of boeing commercial aviation services in may , 2014 . these include parts , training , engineering , maintenance and software solutions that increase the efficiency and profitability of airlines and leasing companies .
beijing - - kuwait and china sign a memorandum of understanding ( mou ) on e - commerce on the sideline of his highness the amir sheikh sabah al - ahmad al - jaber al - sabah ' s state visit monday .
beijing - - in the presence of his highness the amir of kuwait sheikh sabah al - ahmad al - jaber al - sabah and chinese president xi jinping , kuwait and china sign several agreements and memorandum of understandings aimed at boosting ties .