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  Volume: XXII, Issue No. 19 May 16-31, 2013  
     
 
   
 
   
  AVIATION
  Kuwait Airways set to report US$283m loss
 
 
  Untitled Document
-A Monitor Report
Kuwait : Kuwait Airways Corp (KAC) has said it expects to make a loss exceeding KD80m (US$ 283m) in 2012, due to rising costs mainly related to salaries and maintenance expenses, Zawya Dow Jones has reported.
Jasem Zainal, a member of KAC's Board, said the Board has submitted studies to the cabinet about the way to operate and replace the airline's fleet, which includes replacing the fleet through lease-to-purchase contracts in order to revive the national carrier.
The plan cannot be achieved unless KAC is converted into a company under the supervision of Kuwait Investment Authority, he added.
   
 
 
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