Mubasher: Kuwait Airways has accepted Automated Systems’ offer to provide infrastructure services for KWD 3.7 million.
The service contract shall be effective for two years commencing as of Wednesday, 1 April 2020, until 31 March 2022, Automated Systems said in a bourse statement on Tuesday.
In a bid to avoid service outage, Automated System accepted the Kuwaiti airliner’s request to complete contracting procedures once the current circumstances in Kuwait end, subject to competent policies and regulations.
Moreover, the transaction’s value will reflect on Automated Systems’ operating profits starting from the second quarter (Q2) of the year until 31 March 2022.
It is worth remarking that in the first nine months of 2019, Automated Systems’ profits shrank by 97.1% to KWD 25,350 from KWD 870,240 in the same period in 2018.
