Browse
related articles
Kuwaiti cabinet to issue decree on KAC privatisation this week
- Kuwait: Sunday, October 14 - 2012 at 02:28
The Kuwaiti cabinet is expected to issue in the next few days an emergency decree on the privatisation of Kuwait Airways Corp (KAC), Al-Anba Arabic daily has reported, citing unnamed sources. The decree will include stipulations on the need to protect the rights of the KAC employees, while the engineers and pilots who have been in service for more than 20 years will be given the option to either stay in the job or to retire. According to the expected decree, new investors will be obliged to pay within five years the same salaries granted to the airline's employees prior to the privatisation, the report said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
