Kuwait Finance House (KFH), which owns an aircraft leasing business, on Wednesday said it has leased three Airbus A320s to Turkish Airlines.

Kuwait's largest Islamic lender said in a statement that its subsidiary, Aviation Lease and Finance Company (Alafco) will run the leasing process on behalf of the bank.

'KFH signed an agreement to lease three Airbus A320-200 to Turkish Airlines for a period of seven years,' KFH said in a statement. It did not provide details on the rental charges.

Alafco has previously leased five aircraft to Turkish Airlines, Europe's fourth-biggest carrier, and three to Turkey's Sky Airlines, the statement said.

KFH owns 53.6 per cent of Alafco, according to bourse data.-Reuters