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Jazeera's current liabilities exceeding assets

26-Aug-2010 9:57 AM

Jazeera Airways stated part of its auditors report was mistakenly dropped from its results announcement 12-Aug-2010, with the missing part outlining that the company's current liabilities exceeded its current assets, and its "management expects that its plans and work strategies ... in addition to financial support from shareholders and lenders will provide the needed liquidity to meet its dues" (Reuters/Gulf Today, 25-Aug-2010).