Air Finance Journal Copying and distributing are prohibited without permission of the publisher

Kuwait Airways to sell 35% of stock

05 August 2011

The national airline is preparing to privatize by selling stock, which will raise about $281 million.

Tags: Kuwait Airways  |  Citigroup  |  Seabury and Ernst & Young  |  Kuwait Airways Company (KAC)  |  KuwaitNew  |  Kuwait Investment Authority (KIA)

Kuwait Airways, the national flag carrier, will privatize by offering 35% stake in the company to international investors. The company will offer a KD220 million ($804 million) stake to investors and hopes to raise about $281 million from the sale.

Other Kuwaiti airline are excluded from investing.

Citigroup, Seabury...

To continue reading this article..

Featured deal

THY Turkish | 07-15 | Ex-Im G'teed loan | A/c and Sp. Engines 07/07/2015
Latest Deal Status Financial close
Overall Arrangers Mizuho Bank
Assets 737-900ER
Law firm Pillsbury, Milbank

DEALS DATABASE GUIDE

To find out more information, or to request a product demonstration, contact: chris.welding@euromoneyplc.com or call Chris on +44 (0)20 7779 8015.

Latest Poll

Bank LTVs for a BB-rated or equivalent rated airline for 10-year secured bank debt for two new 737s, are now approximately:






Upcoming Events