(MENAFN) Privatization of struggling Kuwait Airways has won approval from the parliament, Kuwait News Agency reported.
The privatization plan includes a special government-appointed panel to oversee the transition. No timetable on opening the carrier to outside investors was disclosed.
A preliminary draft earlier this month suggested the process could take up to three years.
The plan includes a seven-member board to run the airline and provisions for some employees to be reassigned to government posts or received buyouts.
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