State-owned Kuwait Airways will be privatised by the end of March, the chairman of the Gulf
Arab carrier was quoted as saying in a Kuwait newspaper on
Hamad Al Falah told Arabic language daily An Nahar that "the
transformation procedures are in the final stages."
Last August, Kuwait appointed Citigroup, Ernst &
Young and aviation services firm Seabury to handle the
privatisation of its national carrier.
Kuwait's parliament approved a plan in 2008 to privatise
loss-making Kuwait Airways. Under the plan, the government
will sell 40 percent of the flag carrier to the public and 35
percent to a long-term investor.
The airline has a fleet of 17 planes.
Falah also told the newspaper that its fleet of five Airbus
A300 jets, grounded last month for inspection, were
back in service.
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