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Kuwait agrees plan to privatise national airline |
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Monday, 25 January 2010 12:28 |
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Kuwait's cabinet has "tentatively" agreed terms to privatise its national airline, Kuwait Airways Corporation, with legal procedures to change the company now being finalised.
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. - arabianbusiness.com
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