Kuwait's cabinet approved an amended draft law on Sunday paving the way for the privatisation of Kuwait Airways within three years, state-run news agency Kuna reported, after restructuring at the troubled carrier delayed the original plan.
State-owned Kuwait Airways has delayed plans to privatise the airline and will now push ahead with the restructuring of the ailing carrier, a committee formed for the privatisation plan said on Sunday.
Kuwait has given the final nod for the privatisation plans of loss-making Kuwait Airways Corp (KAC) and to set up a third mobile operator.
Kuwait's parliament in January approved a long-delayed government plan to sell 40 percent of the car
State-owned Kuwait Airways Corp (KAC) plans to lease up to eight aircraft to expand its fleet, its chairman said in remarks published on Monday.
Kuwait Airways has received 'verbal approval' from the cabinet to lease six new planes from O
Kuwait wants to sell 40 percent of loss-making national airline Kuwait Airways Corp (KAC) to the public and 35 percent to a long-term investor within two years, according to a draft law obtained by Reuters.
"Forty percent will be offered i