Kuwait Airways To Be Privatized
Published by Irhal
Kuwait’s government is moving forward with plans to privatize its national airline, Kuwait Airways Corporation (KAC). KAC flies to 44 destinations in 28 countries throughout Asia, Africa, Europe, and North America. After the governments decision a marathon review session took place. Specialized international consultancy agencies reviewed results of KAC condition and assessment based on the studies. Dr.…
Dr. Bader Mohammad Al Sa’ad, managing director of the Public Investment Authority (PIA), said during the session, steps needed to launch the new shareholding company were reviewed, along with steps to implement Law 6/2008. PIA has been given the task of completing the legal procedures needed to change the corporation into a shareholding company with the name Kuwaiti Airways Corporation.
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