Airline

Deficit budget passed for Kuwaiti national carrier

June 30  - Kuwait parliament on Tuesday passed the 2010-2011 budget of state-owned Kuwait Airways Corporation (KAC) with a projected deficit of $180 million.


Revenues for the privatisation-bound airline are projected at $853 million while expenditure is estimated at 1.033 billion dollars. The fiscal year runs from April 1 to March 31, 2011.


KAC chairman Hamad al-Falah said the national carrier incurred a loss of $189 million in the previous fiscal year.


The carrier has posted a loss in all but one of the past 20 years, accumulating losses of more than $2.5 billion.


Parliament however rejected a recommendation from opposition MPs that called for suspending the privatisation of KAC until the accounting watchdog Audit Bureau conducts a probe into graft allegations in the airline.

More Airline
Emirates A380 Onboard Lounge on display at ATM
Etihad’s heavyweight promotion at Arabian Travel Market
Emirates cuts flights to the United States
Latest Travel News
Emirates A380 Onboard Lounge on display ...
Etihad’s heavyweight promotion at Arabia...
Emirates cuts flights to the United Stat...
Featured Sights To See
Gesuati

Gesuati

Venice, Italy

Giorgio Massari was commissioned to build this monument, in remembrance of the day when the Dominicans took hold of the church of Santa Maria della Visitazione from the suppressed order of Gesuati laymen in 1668. The building houses several works by Giambattista Tiepolo (1696-1770), Giambattista Piazzetta (1683-1754), and Sebastiano Ricci (1659-1734). Address: Zattere, Dorsoduro, Venice Pho...

Altes Rathaus (Old City Hall) with Spielzeugmuseum

Altes Rathaus (Old City Hall) with Spielzeugmuseum

Munich, Germany

To the right of the New City Hall is the Old City Hall, which has been rebuilt after being destroyed in the war. It is built in the 15 th century style and now houses a vast toy collection in the Toy Museum. Timings: Daily 10.00 to 17.30 Admission: €  3 for adults € 1 for children €6 for a family Tel: 089-294001  ...

Frissiras Museum

Frissiras Museum

Athens, Greece

This museum is located in two neoclassical mansions. This museum exhibits contemporary European Art. Almost all of the paintings have as their focus, the human body. Over 3000 paintings by Greek and other artists are exhibited here.   Timings: Wednesday- Sunday 11 A.M- 5 P.M Address: Monis Asteriou 3 & 7, Plaka Admission: 6 EUR Tel: 210-323-4678  ...

Children's Millennium Garden

Children's Millennium Garden

Copenhagen, Denmark

The striking feature about this place is that it was designed by third grade students! In includes two gardens, one being heart-shaped while the other a shadow garden. Children can play soccer, football or Frisbees.                   ...