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Will anyone be interested in Kuwait Air? Analysts say no

Will anyone be interested in Kuwait Air? Analysts say no

Kuwait Airways seeking investor for $280 mln stake sale; Airline offering 35 pct of its share capital; Limited interest seen-analysts


August 2, 2011 11:49 by

they are international players,” said a Dubai-based banker.

“There will be a process of due diligence and I think the airline will still be seen as more of a problem. Costs will be looked at and I don’t see it being much value to investment firms.”

Kuwait, the world’s fourth largest oil exporter, is on a drive to boost its private sector and become a regional financial centre.

Its economy is largely dependant on oil revenues and driven by government spending. ($1 = 0.273 Kuwaiti dinars) (Reporting by Praveen Menon and Eman Goma, Editing by Dinesh Nair)

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