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| | UPDATE 2-Kuwait Airways cancels $3 bln aircraft order | News | Market News | Reuters |
 | | KUWAIT, Aug 28 (Reuters) - Kuwait Airways [KA.UL] cancelled an initial order for 19 passenger planes worth about $3 billion from a local firm, raising the prospect it will go direct to manufacturers Boeing Co (BA.N: Quote, Profile, Research) and Airbus (EAD.PA: Quote, Profile, Research). |
 | | Kuwait's Aviation Lease and Finance Co. (ALAF.KW: Quote, Profile, Research) (Alafco), which rents out and sells aircraft, said on Tuesday state-owned Kuwait Airways cancelled the order because it failed to get government approval. |
 | | "Now Kuwait Airways can go straight to the manufacturing companies and order their aircraft from them without having to pay a 10 to 15 percent premium," said Karim Murad, a transport analyst at Dubai-based Shuaa Capital. |
| www.reuters.com /legacyArticle?duid=mtfh28906_2007-08-28_14-50-39_l2848413_newsml&rpc=44&type=marketsNews (435 words) |
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