19 February 2014

Kuwait's parliament will investigate the provisional agreement of Kuwait Airways to buy 10 A350-900.

Kuwait's parliament voted last week to investigate a deal between the state carrier and Airbus to buy and lease aircraft.

Politics have long complicated Kuwait's plans to modernize its infrastructure and to implement a program to diversify the economy and enable it to compete as a Gulf financial centre.

Such parliamentary inquiries are common in Kuwait, where lawmakers often question large government projects and have delayed or scuppered them in the past.

Lawmakers want to investigate all deals agreed by Kuwait Airways, which is attempting the biggest overhaul of its fleet since the 1990 Iraqi invasion.

In December it signed a provisional agreement with Airbus to buy 25 new aircraft in a deal worth $4.4 billion at list prices.

The order would include the purchase of 10 A350-900 and 15 medium-haul A320neo jets. The airline also aims to lease 12 aircraft from Airbus pending delivery of the new planes.

Based on the article “Kuwait to probe Airbus, power project contracts” published in Reuters

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