Financial and Banking News
Kuwait Airways Mandate still Not Awarded
Kuwait Airways Corporation (KAC) is still considering bids for the mandate tofinance three Airbuses. The airline is seeking around $250mn. MEES understandsthat offers have been received from Gulf International Bank, Gulf InvestmentCorporation, Chase Investment Bank, Credit Lyonnais (working with CommercialBank of Kuwait), and a European consortium. KAC announced in June 1991 that it...