Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait-Airbus deal on track despite probe  Join our daily free Newsletter

MENAFN - The Peninsula - 11/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) A parliamentary investigation into a #Kuwait Airways plan to buy and lease aircraft from Airbus will not affect the deal, the state carrier's chairwoman told a local newspaper in comments published yesterday



Kuwait's parliament voted on Wednesday to investigate all contracts signed by state-owned #Kuwait Airways, which is attempting its biggest overhaul since the 1990 Iraqi invasion.



Such parliamentary inquiries are common in Kuwait, where lawmakers in the Gulf state's National Assembly often question large government projects and have delayed or scuppered them in the past



Al Anba newspaper quoted Kait Airways Chairwoman Rasha Al Roumi as saying the deal would be completed without being delayed




In December the loss-making airline signed a provisional agreement with Airbus to buy 25 new aircraft in a deal worth 4.4bn at list prices



The order would include the purchase of 10 A350-900 and 15 medium-haul A320neo jets. The airline also aims to lease 12 aircraft from Airbus pending delivery of the new planes



The two companies are now going over technical and legal aspects of the deal, Al Anba said. A final contract will only be signed when an internal #Kuwait Airways commission gives the green light, it added


 
 


The Peninsula




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help