Kuwait National Airways, which suspended its operations last month, yesterday, said it lost 6.42 million Kuwaiti dinars (Dh85.14 million) for terminating leasing agreements for four aircraft from International Lease Finance Corp and AerCap Aviation Solutions.
The carrier, better known as Wataniya Airways, said in a statement posted on the Kuwait bourse website that the local Alafco Aviation Lease and Finance Co also has demanded that Wataniya pay $70 million for terminating lease agreements for three airplanes. Wataniya said it will enter negotiations with Alafco over the claim.
The airline said in the statement that its board, which met on Wednesday, has postponed to Monday a decision on whether it should resume its operations.
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