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
flydubai will fly to Tashkent from 11 Ma...
ATM Dubai to launch Holiday Shopper on 2...
Agoda partners with Saudi Ministry of ...
Featured Sights To See
Islamic Arts Museum

Islamic Arts Museum

Doha, Qatar

The exterior of this museum is magnificent. The architectural style is extremely contemporary and it is definitely the face of modern Doha. The museum houses one of the largest collections of Islamic art the globe over. The pieces and exhibits are stunning and tell the story of the glorious Islamic civilization. Over 800 pieces and artifacts across 1400 years are on display in this 5 storey museum...

Three Goddesses Temples

Three Goddesses Temples

Kathmandu, Nepal

Found next to the Snachaya Kosh Bhawan Shopping Centre in Thamel, these temples are often ignored. Symbolically located on the Trivdevi Marg (‘tri’ means three and ‘devi’ means goddesses), these temples pay tribute to Dakshinkali, Manakamana and Jawalamai.  ...

Rijksmuseum -

Rijksmuseum -

Amsterdam, Netherlands

A true treat for art lovers, the Rijkmuseum features a splendid collection of Dutch paintings from the Golden Age.                      ...

Palmengarten

Palmengarten

Frankfurt, Germany

One of the largest parks in Frankfurt, Palmengarten covers 50 acres and is a beautiful sight in every season, with seasonal blossoms and greenery everywhere. The Tropicarium consists of numerous varieties of tropical plants enclosed in a giant greenhouse and displayed according to climate and natural habitats like mangroves, desert, rainforest and monsoon. On the same property there are various gl...