Jet-Kuwait Airways deal hits turbulence


Jet Airways’ plan to sell or lease five of its wide-body Airbus A330 planes to Kuwait Airways is in trouble, with the Kuwait government suspending its flag carrier’s chairman, Sami Al-Nesif.

On Sunday, Al-Nesif had announced that Kuwait Airways was looking to purchase five A330s from Jet Airways and added Airbus was mediating the deal. Within 24 hours of the announcement, Kuwait Transport Minister Essa Al-Kandari  suspended Al-Nesif over the deal to buy “five used planes from India’s Jet Airways”.

According to a Bloomberg report, Al-Nesif was banned from signing any agreement with any company. The airline’s deputy chairman will take his post. Kuwait Airways’ management has been asked to halt the deal pending an assessment.

Full report here Business Standard


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