Kuwait Local Time

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Approval granted for KAC privatization

The Kuwait National Assembly has approved privatization of Kuwait Airways Corporation (KAC). As per the act, KAC will transform into a shareholding company, rapporteur of the committee on financial and economic affairs, Safa Al-Hashem said.

The approval has been granted after Communications Minister and KAC Chairman gave written statement obliging them to present a three-year action plan.

According to Al-Hashem, related issues discussed in the meeting included KACís rundown fleet, malfunctions, accidents, delays and employees financial benefits.

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