The government debated the move in a marathon session that continued into the early hours of Monday, on the back of reports on the privatisation plan conducted by international consultancy agencies.
Dr Bader Mohammad Al-Saad, managing director of the Public Investment Authority (PIA), told KUNA News Agency that necessary steps for the implementation of the law regarding the company were reviewed during the session.
The government has tasked the PIA with completing legal procedures to transform the corporation into a shareholding Kuwaiti company, KUNA added.
Kuwaiti media in March 2009 reported that Kuwait Airways draft budget for 2009-2010 forecast a loss of 36 million Kuwaiti dinars ($123.3 million).
The Kuwaiti government said in January 2008 that the airline would be privatised. The government will maintain a 60 percent share in the carrier, while the remaining will be sold.
yalla khanshoof hal kha9khi9a eshbetsawi .. min awalha ashem ree7at boug :P
3 comments:
Actually thats a good move. Privatizing the airliner would improve standards and also save government funds in supporting losses.
there seems to hope in the horizon!
if this is true...and they are serious...I am sure it will be much better
RayBoy & His: even though it’s a late decision.. yet we r happy with it .. any good change will make us feel better !!
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