Monday, November 25, 2013

Kuwait Airways chief suspended over Jet Airways plan

Kuwait: Kuwait has suspended the chairman of state-owned Kuwait Airways KA.UL in a dispute over his plans to buy five used aircraft from India's Jet Airways (JET.NS), which the company has since abandoned.
Kuwaiti newspaper al-Qabas quoted the Communications Minister Esa al-Kandari as saying he had suspended Sami al-Nisf after he announced plans to buy the used aircraft despite a government request to stop the deal. It said Nisf's deputy, Jassar al-Jassar, has been appointed as acting chairman.
Nisf confirmed on Monday that he had been suspended.
The plan to buy the used Airbus A330 planes was announced on Sunday, with the company adding that it would not affect a previous deal to buy new Airbus jets.
25/11/13 Ahmed Hagagy/Reuters
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