The state-owned airline Kuwait Airways (KA.UL) has announced the appointment of Ahmed Alkreebani, its former Chief Executive Officer, as the acting CEO. This announcement was made on the company’s official Twitter account late on Tuesday, while earlier this week, there was a report that the former CEO, Maen Razouqi, had submitted his resignation.
Alkreebani is returning to the position of CEO after resigning about ten years ago due to a controversy related to a deal to purchase used Airbus aircraft from India’s Jet Airways.
Kuwait Airways faced a net loss of 55 million dinars ($178.16 million) in 2022. In August, Razouqi stated that the airline might experience delays of up to 12 months in receiving some Airbus aircraft. However, the company aims to achieve profitability by 2025.
Have you read?
Here Are 29 Inspirational Women CEOs Making An Impact, 2023.
Countries With The Most Billionaires, 2023.
The Exclusive $100 Billion Club (And How They Made Their Fortune).
Africa’s Billionaires 2023: Who Are the Richest People in Africa?
The 10 Female CEOs in FTSE 100 companies in the United Kingdom, 2023.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
