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
New Istanbul airport starts operations
Turkish Airlines launches new cabin crew uniforms
Emirates voted ‘Best Business Airline’ and ‘Best Airline – Long-Haul Holiday’ by Conde Nast Traveller readers
Latest Travel News
UAE carriers join hands to celebrate the...
New Istanbul airport starts operations...
Discover the making of a Royal Bisht - g...
Featured Sights To See
City Hall

City Hall

Stockholm, Sweden

The building of the City Hall is synonymous with Stockholm. It is the seat of the government, housing the offices of around 200 politicians and civil servants. It is known as one of the most beautiful and well known  buildings of the world. The exclusive ballroom is where the Nobel Prize banquet takes place. Its Golden Hall is decorated with 18 million pieces of gold mosaic. A visit to th...

National Theater

National Theater

Munich, Germany

Munich's opera history began in 1651 and since then has seen performances, including thoseof Verdi, Cavalli, Mozart, Beethoven, Wagner and Strauss. These composers make up a great share of today's programs. The Bavarian State Opera presents over 350 performances a year. Timings: Mon-Fri 10.00 -18.00, Sat 10.00 -13.00 Advance sale commences one month before the performance Tel: ...

Albert Cyup Market

Albert Cyup Market

Amsterdam, Netherlands

This street market is one of the most popular in the whole of Holland. Started in 1903, this market now has over 300 stalls on both sides of the street. These stalls sell everything from clothes, cosmetics and chocolates to fruit, fish and vegetables. The market is a good place to test your bargaining skills. The market is open from 9.30 am to 5 pm, Monday to Saturday. Due to bad weather during wi...

City Wall and Gate

City Wall and Gate

Sanaa, Yemen

The seven centuries old, 40 feet high mud wall that goes around the old city is also quite well-preserved, and is a sight in itself. It contains the Bab-al-Yemen, a large portal that celebrates the entrance into the old city. Out of the original six gates that marked the entry into Sana'a, it is the only one surviving in its original shape. Slip into a time warp as you pass through the large gate,...