Airline

Deficit budget passed for Kuwaiti national carrier

June 30  - Kuwait parliament on Tuesday passed the 2010-2011 budget of state-owned Kuwait Airways Corporation (KAC) with a projected deficit of $180 million.


Revenues for the privatisation-bound airline are projected at $853 million while expenditure is estimated at 1.033 billion dollars. The fiscal year runs from April 1 to March 31, 2011.


KAC chairman Hamad al-Falah said the national carrier incurred a loss of $189 million in the previous fiscal year.


The carrier has posted a loss in all but one of the past 20 years, accumulating losses of more than $2.5 billion.


Parliament however rejected a recommendation from opposition MPs that called for suspending the privatisation of KAC until the accounting watchdog Audit Bureau conducts a probe into graft allegations in the airline.

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Parc de jeux Yasmina

Parc de jeux Yasmina

Casablanca, Morocco

Located in the centre of town, the ‘Yasmine Park’ is a great playground for children. It is a funfair located within the Parc de la ligue Arabe with small rides that are fun and relaxing Admission:  DH150 Open daily: 10am - 7pm Address: Boulevard Moulay Youssef, Casablanca                    ...

The Berlin Zoological gardens

The Berlin Zoological gardens

Berlin, Germany

are a fascinating place, and the most visited of all the zoos in Europe. More details in the ‘What to do with kids’ section. ...

Museum of Turkish and Islamic Arts

Museum of Turkish and Islamic Arts

Istanbul, Turkey

The Museum of Turkish and Islamic Arts is housed in a grand palace that was a gift for Ibrahim Pasha from his close childhood friend, and father-in-law, Suleyman the Magnificent.  It was designed by Sinan, Turkey's most famous architect, and completed in 1524.  Pasha, who served as Grand Vizier, did not get to enjoy his palace for long, as he was murdered in 1536, accused of plotting aga...

Skyscrapers

Skyscrapers

Sanaa, Yemen

The neighborhood contains multistoried residential buildings, some of which have been standing for more than four centuries. Constructed out of local basalt stone and ornamented with intricately carved friezes and moldings, the facades of these houses form a continuous, harmonious urban fabric that can, when viewed at a distance, generate a splendid skyline as a backdrop for the modern city, and, ...