Thursday 17 March 2011

Kuwaiti Wataniya Air halts flights, cites finances | Reuters

Kuwaiti luxury carrier Wataniya Airways (KNAK.KW) said on Wednesday it was stopping its operations due to its financial situation and regional unrest.

"Given the current financial situation of the company ..., as well as the difficult political and security situation in the region, the board has decided to cease all Wataniya Airways operations," a company statement said.

The statement also blamed a "lack of fair trade requirements in the local market" for its decision, without elaborating.

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