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Posted On: 4 August 2011 06:52 am
Updated On: 12 November 2020 02:11 pm

Qatar Airways best suited to buy Kuwaiti airline !

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Qatar Airways is the most suitable buyer for the 35 percent shares of Kuwait Airways, which is seeking for an investor to privatize the carrier, Financial Times has reported. Financial experts say Qatar Airways is the best potential buyer to take over the KD220m ($280m) stake from its neighbour airlines. John Strickland, director of UK-based JLS Consulting said: “Qatar Airways is considered as the closest airline to buy the shares as Qatar holds a strong economical position in the region and in the world.” Peter Morris, an airline expert, said: “Qatar Airways is the best to buy the shares as it occupies the largest place in the market.” He also said that Qatar Airways has strong strategic plans, and it could meet the requirements which the Kuwait Airways is seeking through privatisation. Qatar Airways wining the 2011 Skytracks best airline award also confirm its service quality standard, reported the Financial Times. Kuwait Airways operates a fleet of 17 jetliners that mainly fly to Europe, the Middle East and Asia. It is the country’s oldest airline and the local market leader, but it is burdened with bloated labour costs and has struggled financially for years..