NO. 38


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...