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Old 6th Jun 2001, 12:20
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newswatcher
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Unhappy Kuwait Airways feeling the pinch

From the BBC:

"Parliament in Kuwait has blocked the annual budget of Kuwait Airways amid predictions of further financial losses.

The airline has prediced a deficit of more than $100m for the current financial year, which started in April.

Nineteen members of parliament voted for the budget, well short of the necessary 32.

One member, Jamal al-Omar, told parliament that the country was paying more than $3m from the state budget every week to cover the shortfalls of the airline, and something must be done to stop it.

The airline operates a fleet of 15 Airbus and two Boeing 777 aircraft.

It has suffered from severe cash flow problems since the seven-month Iraqi occupation of Kuwait."