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Kuwait International Airport

Kuwait International Airport is located in Farwiniyah and is the main gateway to Kuwait City. Hosting regional and international passenger and cargo services for over 25 airlines, the airport is a hub for Kuwait Airways, Jazeera Airways, Wataniya Airways and LoadAir.

Location of Kuwait International Airport, Kuwait

Source: CAPA - Centre for Aviation and Google Maps


 
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ALAFCO ups order for A320neos

17-Nov-11 9:17 AM

Kuwait’s Aviation Lease and Finance Company (ALAFCO) has finalised a purchase order for 50 A320neo family aircraft and took options for 30 more aircraft to be finalised by year-end. The aircraft will be powered by Pratt & Whitney’s PW1100G engine. The order is another big step for the Middle East’s largest leasing company, which now has a fleet of 48 owned and managed aircraft.

The order kicks off what is expected to be another successful year for the leasing company. ALAFCO recently reported a net profit of KWD47 million (USD171.2 million) for the year to 30-Sep-2011, a 335% increase over the KWD10.8 million profit in the previous year. Profit per share also more than quadrupled, up from 14 Kuwaiti fils per share to 60 fils per share. The profits were driven by a combination of the lessor’s expansion and exceptional gains realised through the adjustment of purchase agreements with aircraft manufacturers.

Kuwait Airways reverses strategy as it suspends privatisation plan

3-Nov-11 4:48 PM

It is a hard ask to sell a product that is losing money, but that is what the Kuwait Government has been attempting to do with the privatisation of Kuwait Airways Corporation (KAC). Despite the carrier’s inherent potential – a potential amplified by its position as the national carrier of one of the Gulf regions’ riches oil states – the airline was always going to be a tough sell to investors.

Legislation for the privatisation has been in play since Jul-2008, but privatisation appeared to be largely stuck in red tape. In concert with this, the delays to the valuation and financial analysis of the airline, the state of competition in Kuwait’s local air market and the general global economic situation and the ongoing operational and structural problems at the carrier, all conspired against the process.

Jazeera Airways reports another record quarterly profit with yields up 45%

2-Nov-11 5:28 PM

Jazeera Airways, Kuwait’s privately owned low-cost carrier, has reported another record quarterly profit for the three months to 30-Sep-2011. The airline reported an operating profit of KWD7.5 million and a net profit of KWD6.1 million, its fifth consecutive profitable quarterly result since it launched its turn-around programme. The third quarter is the airline's peak period for business, where it usually records the majority of its profits.

The airline handled 337,629 passengers over the three-month period, generating KWD19.3 million in operating revenues, up 38% year-on-year. Load factors were “just over” 70%, stronger than other quarters but slightly lower than other LCCs in the region such as Air Arabia and flydubai.

Who will buy in to Kuwait Airways?

2-Aug-11 10:16 AM

The drawn out privatisation of Kuwait Airways Corporation (KAC) may be entering a new and decisive phase, with reports emerging that the carrier could enter talks with potential investors for a 35% stake in the carrier and management rights as early as this week. Citigroup, Seabury and Ernst & Young have been advising on the privatisation since Aug-2010. Submissions of expressions of interest are due by 25-Aug-2011.

ALAFCO orders 36 Airbus aircraft at Paris Air Show

30-Jun-11 4:08 PM

Kuwait’s Aviation Lease and Finance Company (ALAFCO) signed USD4.3 billion in deals with Airbus at this month’s Paris Air Show. The carrier ordered more A350 XWBs and, in a surprise move, signed an MoU for 30 of the A320neo, which has now become the fastest-selling aircraft in aviation history, with more than 1000 orders and commitments since Dec-2010.

Kuwait Airways reports another year of heavy losses

30-Jun-11 10:16 AM

Kuwait Airways has been unable to staunch the heavy flow of losses but the Kuwait government appears to be pressing on with the proposed privatisation of the carrier regardless. Despite Chairman and Managing Director Hamad Al-Falah reporting the carrier suffered a loss of KWD76 million (USD276.3 million) for FY2010/11 on 20-Jun-2011, just five days later the Privatisation Committee of Kuwait Airways Corporation (PrivComm) announced analysis of the carrier and the Kuwaiti market has “identified a clear investment opportunity for a restructured national operator”.

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