Kuwait Airways privatization by the government will take place in March 2011. (photo: Reuters)
State-owned Kuwait Airways will be privatized by the end of March, the chairman
of the Gulf Arab carrier was quoted as saying in a Kuwait newspaper on Wednesday.
Hamad al-Falah told Arabic language daily al-Nahar that "the transformation procedures
are in the final stages."
Last August, Kuwait appointed Citigroup Inc., Ernst & Young and aviation services
firm Seabury to handle the privatization of its national carrier.
of the Gulf Arab carrier was quoted as saying in a Kuwait newspaper on Wednesday.
Hamad al-Falah told Arabic language daily al-Nahar that "the transformation procedures
are in the final stages."
Last August, Kuwait appointed Citigroup Inc., Ernst & Young and aviation services
firm Seabury to handle the privatization of its national carrier.
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