Jazeera Airways, Kuwait's private low-cost carrier, has posted a loss of $28.5m in 2009 compared with a net profit of $15.6m the previous year, AFP has reported. The airline attributed the loss to the fallout of the global economic crisis but did not elaborate. The airway's assets rose slightly to 256 million dollars at the end of last year compared with 253.5 million dollars in 2008, the company said in a statement on the Kuwait Stock Exchange website.
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