State declines support for Kuwait Airways

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By TESTCustomwebLP TESTCustomwebLP March 5, 2015 16:50

State declines support for Kuwait Airways

The Kuwaiti government is reported to have refused to cover the KD145 million ($490 million) in losses incurred by state-owned airline Kuwait Airways during the past two years.

Finance Minister Anas Khalid Al Saleh had demanded the airline shoulder its debts as it prepares to become a listed company, reports the Arabic daily Al Qabas. There is no public timeline for the privatisation.

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By TESTCustomwebLP TESTCustomwebLP March 5, 2015 16:50