Agility eyes 35% stake in Kuwait Airways

Agility announced its interest in buying a 35 per cent stake in loss-making state carrier Kuwait Airways


Agility Jazeera Airways Kuwait Airways Tarek Sultan


Agility announced its interest in buying a 35 per cent stake in loss-making state carrier Kuwait Airways, Arab News reported. Agility’s CEO Tarek Sultan told Reuters that this investment plan is based on the company’s strategy of expanding into aviation services.

Previously, the Kuwaiti Parliament said it has approved a plan to privatize the flag-carrier by selling a 35 per cent stake to an investment company, but since then the plan has been delayed several times.

“We don’t know the reason for all these delays although the state’s plans to privatise the company are clear and have been announced and are according to a law that should be executed,” Sultan said.

The Kuwaiti carrier has also attracted interest from budget carrier Jazeera Airways among others.