Manufacturing Industry
Kuwait postpones airline privatisation talks indefinitely
Airline Industry Information, June 13, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
The discussions regarding a privatisation of Kuwait Airways Corp have been indefinitely postponed by Kuwait's parliament.
MPs reportedly objected to a proposal from the government, saying that the draft does not meet expectations. The government has said that privatising the airline would make it more competitive and also help reduce its losses, Kuwait's Daily Star newspaper reported. According to the plan, the airline would be turned into a state-owned shareholding company from its current position as a state-run concern limited by bureaucracy.
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