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Kuwait Airways Lost $275 Mn in 2010

  •   Tue, Jun 21 2011 09:41:03 AM

Kuwait City, June 21 (IANS) Kuwait's national carrier Kuwait Airways incurred a loss of 76 million dinars (around $275 million) in 2010, the official KUNA news agency reported.

Kuwait Airways attributed the huge loss to the cost of maintenance and fuel. It had posted a loss of 55 million dinars (around $199 million) in 2009.

The carrier has been in the process of privatisation since 2007.

Minister of Information and Communication Sami Al-Nisf said modernising the carrier was vital for attracting strategic investments.

Kuwait Airways was established in 1954. Oil-rich Kuwait has two other private carriers, Wataniya Airways and Jazeera Airways.
  

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Comment on this article

  • Joseph, Qatar

    Tue, Jun 21 2011

    Very good. The losses should have been ten thousand times more as compared to what the statistics are shown here. I term this airways as a ''racist airways''

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