VOL. XLI

No. 26

29-June-1998

KUWAIT

KAC Moves Closer To Privatization

The ongoing process of preparing for the privatization of Kuwait's national carrier hasadvanced a step further. Following the completion of a study on the feasibility ofprivatizing the company which recommended government retention of 40% of the airline,passing 10% to the employees and 50% to the private sector (MEES, 23 February), theKuwaiti Council of Ministers has now approved draft legislation to support this proposal.A...