Kuwait – The Kuwaiti Cabinet approved a draft law to transform Kuwait Airways Corporation into a fully state-owned shareholding company. This move comes as part of efforts to develop the national carrier’s performance and enhance its operational and financial efficiency. The decision also aligns with economic reform plans.
The draft law aims to grant the company greater flexibility in management and decision-making. This will contribute to raising service standards, increasing competitiveness, and improving financial performance. Furthermore, the project will help the company keep pace with the rapid developments in the regional and global aviation sector.
The Kuwaiti government affirmed that the restructuring of Kuwait Airways is part of a broader vision to modernize public institutions and enhance governance. However, the state will maintain full ownership of the company. This ensures its continued strategic role in supporting the air transport sector and serving the national economy.
The draft law is expected to undergo the necessary legislative procedures before taking effect. Meanwhile, it is anticipated that this step will usher in a new phase of development and expansion, strengthening Kuwait Airways’ position in regional and international aviation markets.
