VOL. XXXIV
NO. 38
24-JUNE-1991
Financial and Banking News
Regional Banking
Kuwait Airways Will Use Commercial Finance to Buy New Aircraft Worth $2bn
Kuwait Airways Corporation (KAC) will fund its purchase of 18 new aircraftfrom its own resources and through commercial bank loans, Mr. Ahmad al-Mishari,the airline's Chairman says. The purchases will therefore place no financialburden on the government of Kuwait, he added. KAC has traditionally paid cashfor new aircraft. Mr. Mishari made his comments...
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