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
Emirates announces one-off A380 service to Islamabad
Emirates now offers two flights a day to Prague
Emirates launches service to London Stansted
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
Treasury Casino to Queensland University of Technology

Treasury Casino to Queensland University of Technology

Brisbane, Australia

Overlooking the river is this Italian Renaissance-style building which houses Conrad’s 24hr casino. The lavish portico includes commanding balconies and columns which are well worth a look if the casino hasn’t already commanded your attention. Conrad also occupies the equally lavish, former Land Administration Building which has been converted into a five star hotel (see Hotels). There is also the...

The Buenos Aires Museum of Modern Art

The Buenos Aires Museum of Modern Art

Buenos Aires, Argentina

The Buenos Aires Museum of Modern Art is worth a visit while you are here. It boasts a large collection of art and is situated on the main street of San Telmo: 350 San Juan Avenue. Entry is free. Website: http://www.museodeartemoderno.buenosaires.gov.ar/ In the nighttime, this area comes alive with an underground dancing, restaurant and club scene. Some good Tango bars where they offer free cl...

Theemuge (Former Presidential Palace)

Theemuge (Former Presidential Palace)

Maldives, Maldives

Theemuge is the site of the Supreme Court of the Maldives as well as the former official residence of the President of the Maldives. The building was designed by a Malaysian architect and was named after some of the first Muslim rulers of the Maldives, who reigned during the late Lunar Dynasty (1411 to 1388). In 1998 it became the official residence of the president and served as such ...

Milad Tower

Milad Tower

Tehran, Iran

Only a short metro ride north of the city is the Milad tower which features a 435m radio and satellite antenna, a viewing deck, a revolving restaurant and a sky dome. It is the tallest concrete tower in Iran and has an octagonal base, symbolic of Persian architecture....