NO. 27


Financial and Banking News

Regional Financing

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...