Kuwaiti gov’t to retain veto on national airline

Victoria
By Victoria June 12, 2013 13:24

Kuwaiti gov’t to retain veto on national airline

 

The Kuwaiti government is to retain a golden share when Kuwait Airways is privatized. The state will therefore be able to veto all decisions on strategic issues, while also continue to contribute to financing the purchase of new aircraft and deal with the airline’s debt accumulated between 2004-12, estimated to be more than KD440m ($1.55bn).

Marwan Boodai, chairman of Jazeera Airways, has indicated his interest in the state to local media, but only if it had a “clean, clear balance sheet”.

Victoria
By Victoria June 12, 2013 13:24
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fkuwaiti-govt-to-retain-veto-on-national-airline%2F"> registered </a> users can comment.