1-Dec-2010 12:19 PM

Kuwait Airways Corporation seeks USD213m loan

Kuwait Airways Corporation (KAC) is reportedly seeking to acquire a KWD60 million (USD213 million) loan from National Bank of Kuwait (NBK) this month in the form of over draft for one year (alwatandaily.kuwait.tt, 30-Nov-2010). The funds are reportedly required for the carrier to meet its financial obligations.