Monday, 28 August , 2017     |     669      |      +      |     

Kuwait Airways to undergo strategic overhaul: Minister

Kuwait Airways to undergo strategic overhaul: Minister :
  • Business

Kuwait Airways Corporation (KAC) is set to outline a new strategic overhaul later this year, according to Kuwait’s state news service.

Minister of State for Economic Affairs, Hind al Sabeeh, told the agency that the new plan “will be completed before the end of the year and would help the airline regain lost glory.”


Plagued by years of losses, Kuwait Airways has been struggling to reform.

Privatisation is often debated and the airline has been implementing an ambitious fleet modernisation programme, but hasn’t been able to transform traffic on new routes into positive financial results.

The airline is also suffering a crisis of leadership. Former CEO Rasha al Roumi, who was heading the airline’s five-year turnaround plan, resigned in controversial circumstances earlier this year, citing lack of government support and preferential treatment to other carriers in the country.

Her grievances included a $1.9 billion (KD 600 million) payment which she says the government had pledged to but instead chose to award to another local competitor.

http://www.arabianbusiness.com/

Kuwait Today Business Subscription

Keywords:
Category: #Business | 2017/08/28 latest update at 3:22 PM
Source : | Photocredit :
670
Comments Add comment

Latest Comments


  
  LinkedIn Gulf Media

Sponsored Publications


Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Latest searches in Kuwait Today