KUWAIT, May 1 (KUNA) -- The Complaints Committee at the Capital Markets Authority (CMA) accepted a plaint made by Wataniya Airways and revoked a decision previously made by CMA to write the commercial airlines' shares off of the Kuwait Stock Exchange (KSE).

Wataniya Airways' Board of Directors Thamer Arab told the press, on Tuesday, that his company submitted a pliant outlining the many attempts made by the airline company to correct its financial situation and eliminate all obstructions that hinder its performance.

The company's Board of Directors called, many times, to hold meetings that aimed at increasing the airlines capital. However, these meetings did not see the light due to lack of quorum.

The Complaints Committee, after a comprehensive and constructive meeting with the airline company, was convinced that CMA should give the private carrier a chance to defend itself before deciding to delist it from KSE.