Financial and Banking News
Kuwait Airways Financing Staggers towards Completion
Four banks have been asked by Kuwait Airways Corporation (KAC) to arrangefinancing for seven or eight aircraft (the exact number has not yet beendecided). They are Credit Lyonnais, Banque Nationale de Paris, National Bank ofKuwait and Credit Commercial de France. However, as one banker commented,"it takes two to make a mandate," and the banks and the airline arestill...