KUWAIT AIRWAYS ACQUIRES AN AIRPORT MANAGEMENT COMPANY AND AIMS TO OPERATE T4 TERMINAL BUILDING AND NEW AIRPORT

  • 25/08/2022

Kuwait City: Chairman of the Board of Directors of Kuwait Airways, Captain Ali Al-Dukhan, revealed that the company is looking forward to managing the T4 passenger terminal itself and aims to manage the new Kuwait airport (Terminal 2), and that there is governmental support for the company in that direction, as the idea is supported by the Minister of Finance and the Minister of Municipality.


Al-Dukhan,  said that “Kuwait Airways” bought an airport management company from “Kuwait Projects”, which was purchased by the previous board of directors and procedures for transferring its ownership are currently underway, where he paid one million dollars in those Deal.

And he indicated that this amount represents the value of the operational assets of “Assurat” used as a type of services for VIP passengers, indicating at the same time that the Airport Management Company will give “Kuwait Airways” flexibility in expanding its airport management activities , and the company will try to cooperate with a foreign partner with experience in that. activity.

Regarding the continuation of the ground services sector in light of the acquisition of the Airports Management Company, he stated that there are many ideas through which Kuwait Airways will always strive for the best, which will result in greater profitability and help us in a faster expansion in airport management. We seek to manage T2 with what we will gain from experience and partnership.

He stated that Kuwait Airways will soon open a lounge for elite passengers in the T4 terminal, as well as start a cargo aircraft company that will have a different logo and we will call it "Safari", which will be launched in the middle of next year, and all these things, if completed, will put us at the forefront of companies.

In turn, the Chief Executive Officer of Kuwait Airways, Maan Razuqi, said that the company's costs decreased in 2021, and it is about to decrease by more than 50% in 2022, and productivity has increased and this is evident in sales, which increased by more than 38% by the end of the first half of 2022 compared to Its rates are in the first half of 2019, which is a great success based on a safe and feasible sales and operation plan.He stressed that the company today is in a very good financial position.

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