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ConnexionKuwait Airways : KU : KAC
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Kuwait Airways : KU : KAC
par SukubL2 Jeu 06 Aoû 2009, 11:52
Des pertes de US$ 20 millions, 1H09, pour le national flagship kuwaiti, mais Wataniya Airways est comptabilisé.
La start up démarre bien mais coûte, encore, plus qu'elle ne rapporte.
La flotte de Kuwait ( hormi les 3 A 330 de Livingston pour la saison d'été, vu dans incidents aériens )
3 A320-200 ( CFM-56 )
3 A310-300 ( GE CF6-80C2 )
5 A300-600
4 A340-300 ( CFMI )
2 B777-200ER ( GE 90-92B )
Sur Arabianbusiness :
[Vous devez être inscrit et connecté pour voir ce lien] has announced losses of KD5.9m ($20.5m) for the first half of 2009.
The firm, which includes Wataniya Airways, the country's newest premium service airline, said it was operating in one of the most challenging years in aviation history, adding that yields remained under pressure and below expectation.
Company chiefs said despite the downturn, Wataniya Airways had managed to post volume growth of 82 percent against capacity growth of 75 percent in the second quarter of 2009.
"To us, this is remarkable," said chairman and MD of [Vous devez être inscrit et connecté pour voir ce lien] Abdulsalam Al Bahar.
He added that the half year results were expected as the airline has only been in operation for six months and had incurred initial startup and product investment costs.
"We believe the best of Wataniya Airways is yet to come in terms of better results and the continuing development of our premium services," said Al Bahar.
He added: "We have indicators that are cause for optimism, such as the rapid increase in revenue we're witnessing and the performance of our subsidiaries."
Wataniya Airways is expected to start flights to Jeddah during Ramadan once all government approvals have been received.
In October, the airline will take delivery of its fourth Airbus A320.
[Vous devez être inscrit et connecté pour voir ce lien]
La start up démarre bien mais coûte, encore, plus qu'elle ne rapporte.
La flotte de Kuwait ( hormi les 3 A 330 de Livingston pour la saison d'été, vu dans incidents aériens )
3 A320-200 ( CFM-56 )
3 A310-300 ( GE CF6-80C2 )
5 A300-600
4 A340-300 ( CFMI )
2 B777-200ER ( GE 90-92B )
Sur Arabianbusiness :
[Vous devez être inscrit et connecté pour voir ce lien] has announced losses of KD5.9m ($20.5m) for the first half of 2009.
The firm, which includes Wataniya Airways, the country's newest premium service airline, said it was operating in one of the most challenging years in aviation history, adding that yields remained under pressure and below expectation.
Company chiefs said despite the downturn, Wataniya Airways had managed to post volume growth of 82 percent against capacity growth of 75 percent in the second quarter of 2009.
"To us, this is remarkable," said chairman and MD of [Vous devez être inscrit et connecté pour voir ce lien] Abdulsalam Al Bahar.
He added that the half year results were expected as the airline has only been in operation for six months and had incurred initial startup and product investment costs.
"We believe the best of Wataniya Airways is yet to come in terms of better results and the continuing development of our premium services," said Al Bahar.
He added: "We have indicators that are cause for optimism, such as the rapid increase in revenue we're witnessing and the performance of our subsidiaries."
Wataniya Airways is expected to start flights to Jeddah during Ramadan once all government approvals have been received.
In October, the airline will take delivery of its fourth Airbus A320.
[Vous devez être inscrit et connecté pour voir ce lien]
SukubL2- CLUB
- Messages : 496
Re: Kuwait Airways : KU : KAC
par DUNDY Ven 25 Sep 2009, 10:51
Besoin de renouvellement. L'accord avec Airbus mis au placard, les intérêts des nouveaux lessors au Koweit qui ont encore quelques 787 en commande. Et qui regardent du coté de l'A350XWB !
La rumeur d'intérêt sur des A 340-5/600 court encore, dispos, rabais confortable.
Reste à voir l'état d'esprit vis à vis des 2 B777-200ER
La rumeur d'intérêt sur des A 340-5/600 court encore, dispos, rabais confortable.
Reste à voir l'état d'esprit vis à vis des 2 B777-200ER
DUNDY- CLUB
- Messages : 680
Re: Kuwait Airways : KU : KAC
par Alun_D Mar 02 Aoû 2011, 13:41
Lancement de la privatisation de KU
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The Kuwaiti government launched the privatization of struggling flag carrier Kuwait Airways, putting up for sale 35% of the carrier's KWD220 million ($806.8 million) share capital.
The 35% stake in the new Kuwait Airways Co. (KACNew) is not open to "Kuwaiti domiciled airline operators," the Privatization Committee of Kuwait Airways (PrivComm) said in a statement, detailing that only joint-stock companies listed on the Kuwait Stock Exchange or "specialized international companies" are eligible to participate in the sale.
Candidates have until Aug. 25 tosubmit their expression of interest.
According to PrivComm, the "holistic transformation of Kuwait Airways provides a compelling investment opportunity supported by solid economic and market dynamics and the extension of attractive rights and benefits provided by the government of Kuwait. KAC's turnaround potential is underpinned by a business plan that factors in the company's market opportunities and privileges and demonstrates its ability to operate as a profitable standalone airline."
It did not specify the "attractive" rights and benefits, but according to the Financial Times these include a seven-year, 10% discount on fuel (on top of an existing, indefinite 10% discount offered to all airlines operating out of Kuwait), exclusive government business for seven years, and a five-year concession to provide ground services such as catering and passenger and cargo handling at Kuwait International.
PrivComm said that the Kuwait Investment Authority will own 20% of KACNew and thus "the airline will retain continuous strategic government support, giving it a competitive edge within the region," it argued.
The financial performance of KU is not made public.
It has reportedly lost money consistently for the past two decades and has in recent years faced increasingly tough competition from Gulf carriers such as Emirates, Etihad Airways and Qatar Airways, regional LCCs and other Kuwaiti operators.
In 2004, the government liberalized the market by allowing the launch of carriers including Jazeera Airways and Wataniya Airways to compete with KU. Wataniya ceased operations earlier this year ([Vous devez être inscrit et connecté pour voir ce lien]).
Alun_D- CLUB
- Messages : 2003
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