close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Kuwait’s Wataniya Airways eyes $54 mln capital raise

Wataniya's Chief Executive George Cooper submitted his resignation after several discussions to resume the carrier's operations.

0

April 3, 2011 1:28 by



Kuwait’s luxury carrier Wataniya Airways, which ceased operations last month, plans to increase capital by 15 million dinars ($54.07 million), unidentified sources said in published remarks on Sunday.

“The negotiations currently held by the board focus on restructuring the company through increasing capital… to reduce loss and reoperate on commercial basis, and not investment,” Arabic newspaper al-Anba said citing sources.

According to the sources, Wataniya’s Chief Executive George Cooper submitted his resignation after several discussions with the executive management and board to resume the carrier’s operations.

In March, Wataniya Airways halted its operations due to its financial situation and regional unrest. The company reported a deeper net loss in 2010 of 14.1 million dinars compared to 10.9 million dinars a year earlier.

(Reporting by Kuwait newsroom; Editing by Dinesh Nair)



0

Leave a Comment