Arab Today, arab today kuwait airways to sign 3bnplus airbus deal
Last Updated : GMT 12:57:26
Arab Today, arab today
Arab Today, arab today

Kuwait Airways to sign $3bn-plus Airbus deal

Arab Today, arab today

Arab Today, arab today Kuwait Airways to sign $3bn-plus Airbus deal

Kuwait City - AFP

Kuwait's national carrier is due to sign a multi-billion-dollar deal with Airbus to purchase 25 new aircraft valued at $3.0 billion with the first delivery expected in 2019, a well-informed newspaper reported on Sunday. The deal will be signed "very soon," the privately-owned Al-Watan newspaper said quoting sources close to decision-makers. Last week Kuwait Airways Co. (KAC) board of directors decided to choose an offer made by Airbus because it carried a price tag $280 million lower than one made by Boeing, the report said. The deal includes 10 Airbus A-350-900 and 15 A-320 neo and the delivery of the planes will start after six years, Al-Watan said. KAC made no comment on the report but its new chairman Sami al-Nasef told AFP in January, after parliament passed a bill to transform the airline into a commercial company, that they planned to buy around 21 new aircrafts within two years. In the meantime, KAC will lease 13 big and small Airbus planes with the first two A320 due to arrive in July, Al-Watan said. In addition to modernising its fleet, the loss-making company wants to make the airline profitable before offering a local or foreign investor a 40 percent stake in KAC. Nasef told MPs in January that only 10-12 aircraft of the carrier's ageing fleet were operational and the remainder were under "extended maintenance." Under the KAC privatisation bill, initially issued by the emir in October when parliament was dissolved, the government will pay all losses incurred by the airline and estimated at more than $1.5 billion (1.1 billion euros). Kuwait Airways has posted a loss in all but one of the past 21 years, amounting to more than $2.7 billion. Such losses are covered by the state because the carrier has been entirely government-owned.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait airways to sign 3bnplus airbus deal Arab Today, arab today kuwait airways to sign 3bnplus airbus deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait airways to sign 3bnplus airbus deal Arab Today, arab today kuwait airways to sign 3bnplus airbus deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday