Kuwait airline ceases flight operations

AP , Thursday 17 Mar 2011

Wataniya blames lack of fair trade and difficult political and security situation in the region

Kuwait's struggling Wataniya Airways says it is halting all flights, citing financial troubles and unrest in the region.

The carrier says in a statement posted on its website that it soon plans to call a shareholder meeting to discuss the company's future.

It says it ceased operations after its last flight returned to Kuwait on Wednesday. The company blames the shutdown on its current financial situation and a lack of fair trade requirements in the local market, along with a "difficult political and security situation in the region." Wataniya began flying two years ago, offering high-end services to travelers mostly in the Middle East.

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