"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."
I know this is old news but I got excited because it will cause competition between airlines which will cause the airlines to try their best to satisfy the customers. Also, this airline didn't only connect Kuwaiti travelers to destinations in the Middle East but also to Vienna and Rome. They also had a codeshare agreement with Austrian Airlines which connected travelers to any of Austrian's 117 destinations like: London, Chicago, Frankfurt, Geneva, New York, Washington D.C. and many other cities in Europe and South America.
Source: http://m.arabianbusiness.com/kuwaiti-carrier-wataniya-airways-preparing-for-comeback-554492.html