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FINANCIAL NEWS
Kuwait Airways to be privatized by March-end
05 Jan 2011
(MENAFN) Hamad Al Falah, Chairman of state-owned Kuwait Airways, revealed that the carrier will be privatized by the end of March of the current year, and that the transformation procedures are in the final stages, Reuters reported.
According to Falah, in 2008, Kuwait’s parliament approved a plan to privatize the loss-generating Kuwait Airways, and the government has decided to sell 40 percent of the flag carrier to the public and 35 percent to a long-term investor.
The Gulf Arab carrier has a fleet of 17 planes, and its fleet of five Airbus A300 jets; grounded last month for inspection, were back in service, stated Falah.
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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