Company Watch - Kuwait Airways.Sep 17, 2007 Kuwait Airways Kuwait Airways (Arabic: الخطوط الجوية الكويتية) is the national airline of Kuwait, based in Kuwait City and wholly owned by the Kuwaiti Government. board offered its resignation in the wake of the government's cancellation of its 19-aircraft deal with ALAFCO ALAFCO Aviation Lease and Finance Company (Kuwait) , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. widespread press reports. The airline had planned to purchase 12 Boeing 787s The Boeing 787 Dreamliner is a mid-sized, wide-body, twin engine jet airliner currently in production by Boeing Commercial Airplanes and scheduled to enter service in November 2008. and seven Airbus A320s from the lessor rather than OEMs in order to ensure earlier delivery Sep 11, 2007 Kuwait Airways late last month cancelled an initial order for 19 aircraft from Kuwait's Aviation Lease and Finance Co (Alafco), saying parliament had refused to approve funding for the deal, worth about USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3 billion. The airline said a law that would allow it to borrow to finance its fleet renewal had yet to be approved. The loss-making airline was ordering the new aircraft from a lessor rather than direct from the manufacturers because it wanted delivery between 2009 and 2014. Alafco had already ordered the Boeing 787s that Kuwait Airways wanted and would have been able to deliver sooner than the makers. Sep 11, 2007 Kuwait's government accepted on Sept. 10 the resignation of the board of state-run Kuwait Airways, embroiled em·broil tr.v. em·broiled, em·broil·ing, em·broils 1. To involve in argument, contention, or hostile actions: "Avoid . . . in a dispute with parliament over a USD$3 billion plane order. The state news agency KUNA said the Gulf Arab state's cabinet also asked acting transport minister Abdulwahed al-Awadhi to submit a report on the problems the airline faced. Kuwait is in talks with Boeing and Airbus about buying aircraft after the deal was scrapped, Kuwaiti newspapers said late last month. Sep 11, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group. All rights reserved. |
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