The Kuwaiti government launched the privatization of struggling flag carrier Kuwait Airways, putting up for sale 35% of the carrier's KWD220 million ($806.8 million) share capital.
Kuwait Airways A320. Photo: By Rob Finlayson. The Kuwaiti government launched the privatization of struggling flag carrier Kuwait Airways, putting up for sale 35% of the carrier's KWD220 million ($806.8 million) share capital. The 35% stake in the new Kuwait Airways Co. (KACNew) is not open to "Kuwaiti domiciled airline operators," the Privatization Committee of Kuwait Airways (PrivComm) said in a statement, detailing that only joint-stock companies listed on the ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.