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

Kuwait may privatize national carrier within a year  Join our daily free Newsletter

MENAFN - 18/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Kuwait Airways Company's (KAC) chairman, Sami Al-Nusif, stated that the airline might be privatized within a year if the restructuring plan works, reported Arabian Business.

Al-Nusif said that several steps were taken, including the development of the carrier's fleet, in order to draw more investors.

The loss-making airline plans to add new destinations; furthermore, it has raised maintenance fees to USD127.28 million from USD14.14 million to make sure that travelers have a secure and safe flight experience.

He added that the plan would boost KAC's performance and allow it to play an essential role in transforming the country into a financial and commercial hub.

It is worth noting that the Kuwaiti cabinet endorsed an amended draft law in April for the privatization of Kuwait Airways within 3 years.

 






  MENA News Headlines


 
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