WATANIYA AIRWAYS CLOSES DOWN OPERATIONS

Wataniya Airways based in Kuwait and launched in 2009, has halted all operations due to heavy losses and deteriorating security in the region they announced yesterday. “The board has decided to cease all Wataniya Airways operations with the return of its last scheduled flight to Kuwait tonight, March 16, 2011,” said the board of directors in a statement. It said the move was caused by “the current financial situation of the company and the lack of fair trade requirements in the local market, as well as the difficult political and security situation in the region.” The decision was taken during