Failed Kuwaiti carrier Wataniya Airways is reportedly planning a comeback as soon as the first quarter of 2015. The airline has begun efforts to re-launch by attempting to raise KD24m ($85m) and lease an initial two planes, according to Kuwait Times.
The company has asked the Ministry of Commerce to publish the minutes of an extraordinary assembly meeting held this week and will then contact the Capital Markets Authority so it can prepare for a new initial public offering (IPO). The airline needs a minimum of KD11m in capital to re-launch operations, a company source was quoted as saying. [Source]
Looks like Wataniya Airways is finally coming back to life. I wonder if they’ll fly out from Sheikh Saad Terminal along with FlyDubai or if they’ll be joining the rest of the airlines at the main terminal?
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