Wataniya Airways has ceased operations citing the “current financial situation”.

Kuwait-based Wataniya took the decision following a meeting of the board earlier, with shareholders now to be consulted on plans for the future of the company.

The “difficult political and security situation in the region” was also a factor in the decision the board said in a statement.

The last scheduled flight to Kuwait landed last night, with those guests scheduled to depart later advised to make alternative arrangements.

“Today is a sad day for all Wataniya Airways employees, our shareholders, and our loyal and valued guests,” read a statement.

“Over the last two years, together we have written a new chapter in Kuwaiti aviation history.

“In doing so, we have sought to deliver the very best services that air travel has to offer, achieved new benchmarks and created a proud and remarkable record,” added the statement.

“Further information will be communicated to our shareholders, guests, and the general public in a press conference set for next week as well as the extraordinary general assembly meeting the timing of which will be announced as soon as possible.”