13/08/2025 06:08 AST

Kuwait Airways is pushing ahead with plans to develop the national carrier and strengthen its position among the leading airlines in the Gulf, despite ongoing challenges related to aircraft delivery delays and regional geopolitical tensions.

Abdulmohsen Al-Fagaan, Chairman of Kuwait Airways' Board, said the company expects to receive a new Airbus A321neo by the end of this month, along with two Airbus A330-900neos before the end of the year. This will bring the carrier's fleet to 30 aircraft by the end of 2025, up from 27 aircraft currently in operation.

"We have a clear strategic plan, and we are already starting to see positive results," Al-Fagaan said following the company's fully attended annual general assembly on Monday. He highlighted steady improvements in service quality and several partnerships with companies such as Saudi Railways, Saudi Airlines, and Amadeus, a leading provider of aviation technology and innovation solutions.

However, Kuwait Airways is encountering difficulties in achieving its strategic goals, including increasing passenger numbers from over four million in 2024 to 5.5 million by 2025, said Al-Fagaan. The airline had also previously aimed to break even by 2025 following several years of accumulated losses. But delays in plane deliveries, combined with geopolitical tensions affecting some destination countries, have hindered progress toward this target. "The delay in deliveries is not unique to Kuwait Airways; many airlines worldwide are facing the same problem," Al-Fagaan said during a press conference following the company's annual general meeting.

The airline has also had to adjust its fleet size due to these delays and the return of leased planes, at one point operating only 23 aircraft. Such reductions inevitably affect passenger volumes and financial performance, said Al-Fagaan. The company's growth plans had anticipated a fleet of 33 aircraft by 2024.

Regarding compensation for delays, Kuwait Airways has received Airbus payments in the form of credits rather than cash. These credits, which amount to millions, can be used for spare parts, training, and other services.

"They have been paid-it's not cash, but credit," Al-Fagaan explained. "You use it to buy spare parts, training, or other things. It's a good amount of money."

The company did not disclose its 2024 financial results during the briefing.

Al-Fagaan emphasized the board's commitment to addressing all observations and requests from the State Audit Bureau, reducing the number of outstanding financial violations from 16 to seven currently under investigation.

Kuwait Airways has faced a series of financial and administrative violations in the past. A notable case involved an absorption contract with Kuwait Aviation Services Company (KASCO), which raised concerns about financial oversight and was later corrected after official intervention. The carrier cancelled the contract in 2024.

The airline had also acknowledged irregularities related to expenses for its 65th anniversary celebration, including inflated costs and unsupported sponsorship claims.

While Al-Fagaan did not disclose details on the current violations, he reassured that the airline is fully committed to resolving them transparently and maintaining high standards of governance.


Kuwait Times

Kuwait Airways announces 11 new destinations for summer 2026

26/01/2026

Kuwait Airways has announced the launch of new destinations for its 2026 summer season, including Alexandria, Zurich, Mykonos, Malaga, Sharm El Sheikh, Salalah, Antalya, Trabzon, Sarajevo, Vienna, an

Trade Arabia

Kuwait Airways adds 11 new destinations for summer 2026, rolls out 15% fare discount

23/01/2026

Kuwait Airways said on Thursday it will launch 11 new destinations for its summer 2026 season, including Alexandria, Zurich, Mykonos, Malaga, Sharm El Sheikh, Salalah, Antalya, Trabzon, Sarajevo, Vie

Gulfnews

Kuwait Airways, Sri Lankan Airlines strengthen codeshare agreement to expand travel

19/12/2025

In a move to consolidate its global network of destinations and provide diverse travel options to its valued customers, Kuwait Airways has announced the strengthening of its codeshare agreement with

Kuwait Times

Ticker Price Volume
Ticker Price Change
ALMUTAHED 0.00 0.00 (0.00%)
ALMAL 0.00 0.00 (0.00%)
ALAMAN 0.00 0.00 (0.00%)
MASSALEH 0.00 0.00 (0.00%)
INVESTORS 0.00 0.00 (0.00%)
GWC inks strategic collaboration with EU cloud platform Apify

02/02/2026

Gulf Warehousing Company (GWC), one of the region's leading logistics providers, has sealed a strategic collaboration with Apify, a European cloud platform specializing in web data extraction, automa

Trade Arabia

Kamco Invest, PGIM ink strategic co-operation deal

02/02/2026

Kamco Invest, a regional non-banking financial powerhouse with one of the largest assets under management in the Middle East, and PGIM, the global asset management business of Prudential Financial (P

Trade Arabia

AI will never replace human creativity, says SRMG CEO

02/02/2026

Jomana R. Alrashid, CEO of Saudi Research and Media Group, highlighted how AI cannot replace human creativity during a session at The Family Office's "Investing Is a Sea" summit at Shura Island on Fr

Arab News

Hungerstation & Abdullah Al-Othaim launch a strategic partnership to serve the HORECA sector

02/02/2026

Hungerstation has announced a long-term strategic partnership with Abdullah Al-Othaim Markets, one of Saudi Arabia's largest and most established national retail chains.

The partnership aims

Saudi Gazette

KFH continues pioneering efforts to promote financial literacy in Kuwait

30/01/2026

Reinforcing its leadership in financial literacy and social responsibility, Kuwait Finance House (KFH) continues to spearhead the national "Diraya" awareness campaign. Launched by the Central Bank of

Kuwait Times