Kuwait Airways to be Privatized

03.07.2010 Aviation & Space

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Citing H.E. Mohammad Al Busairi, Kuwait's Minister of Communication and Minister of State for National Assembly Affairs, An Nahar daily reported that state-owned Kuwait Airways Corp. (KAC) is expected to be privatized in the coming few months and, thus, all local carriers will become owned by the private sector.
KAC's recent leasing of an airplane aims to meet rising demand during summer and it may lease another aircraft if the need arises, Busairi said according to the paper.
Two months ago, the Kuwaiti government signed a contract with an advisor to design and supervise the expansion of Kuwait International Airport to enable it accommodate 25 million passengers per year. The project is expected to be completed during the next three years, he said, according to the same source.

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