| 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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