Tuesday, April 5, 2011

Wataniya Airways incurs losses after ending leases

Beirut: 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......

---------------------------------------------------------------------------------------------------------------------------
Visit myairlease.com for Aircraft, Engines and APUs available for Lease and Sale!
---------------------------------------------------------------------------------------------------------------------------