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Sovereign Wealth Funds Briefing - Categorized | Market

Kuwait Airways sale spurred by wealth fund action

Posted on 05 March 2010

From Businessweek.com: Kuwait Airways Corp., the emirate’s unprofitable carrier, is a step closer to a public share sale after the Kuwait Investment Authority was authorized to establish a company to hold the airline’s assets, KAC Chairman Hamad al-Falah said.

The Gulf state’s sovereign wealth fund is forming a committee that has one year to implement the privatization, al- Falah said in a phone interview today from Kuwait. The shareholding company will be called Kuwait Airways Co., he said……………………………………..Full Article: Source

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