September 18, 2014 10:18 AM ET

Airlines

Company Overview of Kuwait Airways Corporation K.S.C.

Company Overview

Kuwait Airways Corporation K.S.C. provides airline services. It also offers medical attention and onboard entertainment services. In addition, the company sells accessories, toys, traveler accessories, watches, sunglasses, cosmetics, men’s and ladies’ fragrances, jewelry, electronics, and cigars onboard. It serves frequent flyers, holiday travelers, and special needs passengers. The company was formerly known as Kuwait National Airways Company and it changed its name to Kuwait Airways Corporation in January 1955. Kuwait Airways Corporation K.S.C. was founded in 1954 and is based in Kuwait City, Kuwait.

Kuwait International Airport

Safat

Kuwait City,  13004

Kuwait

Founded in 1954

Phone:

965 434 5555

Fax:

965 431 6581

Key Executives for Kuwait Airways Corporation K.S.C.

Chairman and Chief Executive Officer
Director of Finance Department
Director of Operations Department
Assistant Finance Director of Treasury
Secretarty of Board Members
Compensation as of Fiscal Year 2014.

Kuwait Airways Corporation K.S.C. Key Developments

Kuwait Airways to Cut 1,000 Jobs in 2014

Kuwait Airways will cut 1,000 jobs in 2014 as it works to reduce significant losses and eventually return a profit. All of the retrenched employees will be foreigners and from 'not very senior' positions. The airline is presently assessing each department to identify positions it can cut and staff are expected to be informed within three to four months.

Kuwait Airways Co. to Buy 25 Airbuses

Kuwait Airways Co. signed contracts with Airbus to buy 25 planes. Under the deals, KAC will buy 15 A320neo and 10 A350-900 aircraft, with an option to buy 10 more - five from each category. Delivery is to commence in 2019. The second contract stipulates the lease of seven A320s and five A330s. The value of the deals was not disclosed.

Kuwait To Privatize Kuwait Airways

Kuwait's National Assembly approved the privatization of Kuwait Airways Corporation K.S.C. Kuwait airline's board will be appointed by Kuwait government and carrier's fleet will also be overhauled by government before the sale of airlines.

Similar Private Companies By Industry

Company Name Region
Kuwait National Airlines Co Middle East/Africa
Kuwait Airways Corporation K.S.C. Middle East/Africa
Aqeeq Aviation Holding Co. Middle East/Africa
National Aviation Company Middle East/Africa

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