Monday 23 April 2012

Kuwait’s Cabinet approves new plan to privatize struggling national airline within 3 years - The Washington Post

Kuwait’s Cabinet has approved a draft law to privatize struggling state carrier Kuwait Airways within three years.

Minister of Communications Salem al-Uthaina told the official Kuwait News Agency late Sunday that the measure calls on the airline’s board to sell a 35 percent stake to the highest bidder.

The draft law has been referred to the country’s legislature.

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