Kuwait Airline float unlikely to fly - The National

Proposals to float off a major part of Kuwait Airways are unlikely to attract many buyers because they offer investors too little control, and not enough return, say aviation analysts.

Kuwait's cabinet approved an amended draft law on Sunday paving the way for the partial privatisation of Kuwait Airways within three years.

Under the new draft law, which still needs to be approved by the National Assembly, the government will offer a 35 per cent portion of its share capital of 220 million Kuwaiti dinars (Dh2.9 billion) to potential long-term investors, amounting to around US$280m.

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