Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Media blamed for fall in KAC sales  Join our daily free Newsletter

MENAFN - Arab Times - 07/10/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093566631%26title%3dKuwait-Media-blamed-for-fall-KAC-sales Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093566631%26title%3dKuwait-Media-blamed-for-fall-KAC-sales Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab Times) Kuwait Airways Corporation (KAC) witnessed a decline in sales during recent months due to the media campaign concerning the air fleet's safety and political events in some Arab nations, KAC Board Chairman Yousif Al-Hmaidi said.

He added, in remarks on the sidelines of a ceremony marking renewal of a maintenance agreement with the Amman-based Jordan Aircraft Mainte-nance Company (Jora-mco), that the KAC is operating with the highest safety standards according to international specialized organizations.

The renewal of the KAC agreement with Joramco was approved with lower prices compared to previous times.

Al-Humaidi said the media made propaganda out of this issue, adding that civil aviation supervising bodies like Directorate General of Civil Aviation (DGCA), and manufactures are responsible for judging of the KAC air fleet.

"The tendentious media campaign and the Arab Spring" affected sales of the KAC, which forced the corporation to decrease operating hours and number of flights, like suspending flights to Damascus, and temporarily halting flights to Cairo and Beirut.

The KAC air fleet is safe and the corporation is abiding by safety measures before each take-off, he affirmed.

On the corporation's privatization question, he said the KAC is awaiting the government decision in this respect.

Al-Hmaidi added that the KAC and Kuwait Investment Authority (KIA) are ready for this step, pointing out that such a decision will offer it lots of benefits.

In case the KAC turns to the private sector, the corporation's employees will either retire or work in other institutions, especially "in light of the current circumstances," he affirmed.

Al-Hmaidi signed with the Chief Executive Officer an agreement for maintenance of eight KAC airplanes, as part of the cooperation between the two sides that started in 2007.

 






  MENA News Headlines
May 22 2013IRS official refuses to testify before Congress ,AFP
(MENAFN - AFP) The IRS official who oversees non-profit applications refused to testify Wednesday at a congressional panel probing abuse at the US tax agency but defiantly insisted she had done ...

May 22 2013Germany's Bundesbank chief says France must cut deficit ,AFP
(MENAFN - AFP) The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday. France was ...

May 22 2013BoE boss again loses call for more QE stimulus ,AFP
(MENAFN - AFP) Bank of England governor Mervyn King called in May for more quantitative easing stimulus cash at his penultimate meeting, but was out-voted for the fourth month in a row, minutes ...

May 22 2013Societe Generale sacks Russian unit head ,AFP
(MENAFN - AFP) French bank Societe Generale said Wednesday it had sacked the head of its Russian unit Rosbank, who was arrested last week in Moscow for accepting a $1.5-million bribe. "The Board ...

May 22 2013Bernanke warns against premature policy tightening ,AFP
(MENAFN - AFP) US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US ...

May 22 2013Swiss banks facing huge fine over US assets ,AFP
(MENAFN - AFP) Swiss banks holding US citizens' funds that are not declared to American tax authorities are set to have to pay a massive fine, under a deal between Switzerland and Washington, a ...

May 22 2013Indian medics reconstruct baby's swollen head ,AFP
(MENAFN - AFP) Indian doctors said Wednesday they have successfully carried out a first round of reconstructive surgery on the skull of a baby suffering from a rare disorder that caused her head to ...

May 22 2013Emirates increases weekly flights to Sri Lanka's Colombo ,MENAFN
(MENAFN) Emirates Airlines is planning to add 3 more weekly flights to Colombo starting this June in order to increase the capacity on its services to that destination, reported Emirates ...

May 22 2013Saudi sets new food inflation record last month ,MENAFN
(MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7. On the other hand, the general ...

May 22 2013IMF urges Britain to privatise state-rescued banks ,AFP
(MENAFN - AFP) The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking ...

more...


 
Click to Apply






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help