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Saturday , September 26 2020

Changes in KAC’s management linked to increasing financial costs of corporation

Panel on ‘Airbus’ deal concludes report

KUWAIT CITY, July 25: The committee investigating the deal between Airbus Company and Kuwait Airways Corporation (KAC) has concluded that the continuous changes in the KAC management is the reason behind the increasing financial costs and erosion of the general policy of the corporation, as well as the instability.

According to parliamentary sources, the committee concluded all its meetings recently and is about to complete the final report on the purchase of Airbus planes that differed in specifications from one contract to another due to administration changes or overpricing, in addition to the problems that KAC experienced which led to its various setbacks during the past years.

The committee examined the details of the deal, and discovered that there is a ruling from the British court on Airbus Company.

It examined the complaints relating to appointments in KAC without publishing those positions, those related to discrimination in financial and administrative benefits, and those about employees who were hired after their retirement, as well as payment of huge sums of money as a result of administrative errors

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