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Kuwaiti lawmakers approve KAC privatisation act
- Kuwait: Monday, January 07 - 2013 at 04:09
Kuwait's National Assembly has approved an act on the privatisation of Kuwait Airways Corp (KAC), Kuna has reported. Under the act, KAC will transform into a shareholding company, rapporteur of the committee on financial and economic affairs committee, Safa Al-Hashem told reporters after the committee's meeting. "The approval was taken after both the communications minister and KAC chairman gave written statements obliging them to present a three-year action plan," Al- Hashem said, adding that related issues discussed in the meeting also included KAC's rundown fleet, accidents, malfunctions, delays, as well as employees financial benefits.
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