Parliament rejects Kuwait Airways budget
The increasingly independent Kuwaiti parliament has refused to approve the annual budget of the national airline, Kuwait Airways, after being told that it is expected to lose more than $100 million for the current financial year, which started in April, reported the BBC.
Nineteen members of parliament voted for the budget, well short of the necessary 32. During the parliamentary debate, one of the deputies, Jamal Al-Omar, said that the state was pumping more than three million dollars into the airline a week, just to keep it flying.
The airline was founded privately in 1954, but over a period of time was bought out entirely by the Kuwait government. Its period of hardship began with the Iraqi invasion of the emirate in 1990, when its premises and 15 of its aircraft were destroyed.
Following liberation in 1991, the airline was re-launched and built its fleet to include three Airbus A320-200s, three Airbus A310-300s, five Airbus A300-605Rs, four Airbus A340-300s and two Boeing B777s. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)