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...
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