Latest news with #AbdulmohsenAlFagaan
Arabian Business
4 days ago
- Business
- Arabian Business
Kuwait Airways faces challenges as it waits for Airbus delivery
Kuwait Airways' plans of growing passenger numbers to 5.5 million in 2025 from more than 4 million last year faces difficulties due to delayed aircraft deliveries and geopolitical pressure in the region. Kuwait Airways Corporation (KAC) Chairperson Abdulmohsen Al-Fagaan said on Monday that the airline is scheduled to receive a new plane, an Airbus-321, at the end of August and AN A-330-900 aircraft by the end of the year, but that is far short of the nine aircraft it has been waiting to receive from Airbus. Reuters reported that Kuwait Airways has 27 jets now, and expects to reach 30 by the end of 2025, with the rest due in 2027. Al-Fagaan said the airlines' plans had been based on having 33 aircraft in 2024, whereas at one point it had just 23, having also had to return leased planes. That, Al-Fagaan said, would affect the company's plan to grow. The airline did not disclose 2024's profit during a press conference following the airline's annual general meeting. Al-Fagaan said political challenges disrupting the region's aviation industry and other issues related to some countries it serves, would also delay the carrier's 2025 break-even target. Al-Fagaan added that the board is seeking to develop KAC's operations further and said it would offer top services and present innovative solutions to meet the clients' demands.
Zawya
4 days ago
- Business
- Zawya
Kuwait Airways to receive new planes in line with overhaul policy
KUWAIT -- Kuwait Airways is scheduled to receive a new plane, an Airbus-321, in the end of August and AN A-330-900 aircraft by the yearend, announced the KAC Chairperson Abdulmohsen Al-Fagaan in a statement on Monday. Speaking after the KAC general assembly, Al-Fagaan affirmed the plan to overhaul the national carrier and place it among the top airlines in the region. The board is seeking to develop further the KAC operations to attain better reaps, Al-Fagaan said following the session, attended by all members. It dedicates special concern for responding to remarks and queries by the Audit Bureau, he said, affirming the commitment to full cooperation to settle financial irregularities, revealing that such cases had dropped from 16 to only seven. The latter cases have remained under investigation and the company has spared no effort to take all legal actions in this respect, Al-Fagaan said. He affirmed the approach to attain positive results, offer top services and present innovative solutions to meet the clients' needs. The KAC enjoyed a successful record in 2024, when it had taken delivery of the "Boubyan plane" (an A-330-900) and was designated as top at the global level for quality of onboard meals. It came third in 2024 in the Middle East and Africa as to punctuality (91.13 percent) and came 20th among the top 109 aviation corporations world wise, he added. Also in 2024, the corporation signed an agreement with Saudi Arabia Railways (SAR), boosted the joint code agreement with Saudi Airlines, developed the partnership with Amadeus company and signed a cooperation agreement with the German aviation company, Flexflight. Proceeding his narration, Al-Fagaan said the company, also in 2024, signed a cooperation protocol with the Public Authority for Applied Education and Training in addition to partaking in the 26th Gulf football championship as the official carrier of the championship. All KUNA right are reserved © 2025. Provided by SyndiGate Media Inc. (
Zawya
16-05-2025
- Business
- Zawya
Kuwait Airways partners with Rolls-Royce to enhance aircraft efficiency
LONDON - Kuwait Airways and Rolls-Royce PLC have agreed to strengthen efforts aimed at enhancing the operational efficiency of the airline's aircraft engine system. The collaboration is part of Kuwait Airways' ongoing strategy to improve its operations and adapt to the evolving global aviation market, according to a statement from the airline's chairman, Abdulmohsen Al-Fagaan, following discussions between the two parties on Wednesday. Al-Fagaan explained that the initiative aligns with Kuwait Airways' "strategic goals," which are strongly supported by the political leadership. He also emphasized that this agreement marks a significant step toward deepening the partnership between Kuwait Airways and Rolls-Royce, a leading UK-based engineering company. The Kuwaiti national carrier has long focused on initiatives aimed at improving the quality of its fleet. Al-Fagaan added that these efforts will ultimately benefit the airline's passengers by ensuring greater convenience and comfort onboard. Ewen McDonald, Chief Customer Officer at Rolls-Royce, praised the relationship between the two companies, describing Kuwait Airways as one of the firm's most trusted business partners. He noted that through joint initiatives, Kuwait Airways will strengthen its aircraft systems, leading to more durable and efficient operations. The collaboration aims to enhance the airline's aircraft engine systems, improving both performance and reliability while also boosting operational efficiency across the fleet.
