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Wataniya Airways reports losses for 2009

altMarch 22- Wataniya Airways, Kuwait’s private airline, posted a loss of $37.8 million in 2009 as compared to a loss of $5.4 million in 2008, said the company’s spokesperson. The airline began travel operations a year ago and saw its assets rise to $275 million last year compared to $269 million in 2008. Meanwhile, shareholder equity dropped from $219 million in 2008 to $182.3 million in 2009.


Wataniya has four Airbus A-320 aircraft and will receive a fifth one later this month. Two more will be delivered this year. Kuwait’s national carrier, Kuwait Airways, will be privatised soon.
 

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