‘Insufficient funds for KASCO to provide financial benefits’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

‘Insufficient funds for KASCO to provide financial benefits’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CITY, March 30: The Chairman of the Board of Directors of Kuwait Airways Corporation (KAC) Ali Muhammad Al-Dukhan revealed that the number of retired employees of the Kuwait Aviation Services Company (KASCO) entitled for the financial benefits established under Law No. 68/2020 is 241, reports Al-Anba daily. He indicated that the total value of the company is KD 7.1 million and the current budget of the company does not include the value of the disbursement of these benefits, as there is insufficient liquidity to implement the law.

Al-Dukhan said this as part of the response sent by Minister of Finance Khalifa Hamadeh to the parliamentary question of MP Saleh Diab Al-Mutairi regarding the non-disbursement of financial benefits stipulated in Law No. 68/2020 for employees of companies affiliated to KAC to convert them into a public shareholding company. He went on to say, “The main activity of KASCO is preparing meals and supplying them to airplanes.

As a result of the measures taken by the government to limit the spread of the COVID-19 virus, air traffic at Kuwait International Airport was suspended partially or completely from March 7, 2020 to date.

The services provided by KASCO are witnessing weak