Iraq Business News brings you the latest Iraq transportation news relating to developments and opportunities.
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Few Iraqis are confident that their lives on the roadways are insured. In the event that they are in a traffic accident, they will receive appropriate compensation with no need to […]
From Jewish News One. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Double-decker red buses are making a comeback in Baghdad -- a sign that Iraq is moving back towards normality following years of war: (Source: Jewish News One)
By John Lee. Reuters reports that Iraqi Airways will resume flights to Kuwait on Saturday for the first time since the invasion in 1990. In December, Kuwait Airways dropped legal cases against Iraqi Airways in return for compensation of $500 million. However, Kuwait's state-run airline has not resumed flights to Iraq. Iraqi Airways flies to regional […]
By John Lee. Lufthansa Consulting is pursuing at least 10 percent annual sales growth as clients such as Iraq, which is reviving its airline, tap into the German carrier’s experience in safety and infrastructure. Dr Andreas Jahnke, head of Lufthansa Consulting, told Bloomberg: "There are lots of opportunities for us helping clients set up a new business […]
By John Lee. French firm Alstom has reportedly signed a $1.5-billion deal with the Iraqi authorities the for the design and construction of a monorail system in Baghdad. Azzaman reports that the contract was signed by Baghdad Governor Salah Abdulrazzaq and Alstom representatives in the Iraqi capital. “The aim of the project is to ease […]
By John Lee. Air Arabia has announced the launch of non-stop services to Baghdad, its fourth destination in Iraq, and 83rd worldwide. The inaugural flight G90361 will take off to the capital city on March 10, 2013. The low-cost pioneer will start three weekly services between Sharjah and Baghdad, which will be increased to five […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Revenues from Iraqi ports reached $30 million in December 2012, the highest monthly yield in their history. Meanwhile, the Ministry of Transport is preparing to open the Iraqi Container Port in […]
By John Lee. Atlasjet Airlines has confirmed further details of its plans to launch new subsidiaries in Iraq and South Sudan later this year. According to the managing director of Zagros Air (Iraq), Can Akcay, Atlasjet's joint venture carrier with Zagros Group plans to launch operations from Erbil in spring with three Airbus aircraft after […]
Qatar Airways has introduced its latest gateway in the Republic of Iraq with the launch of scheduled flights to the central city of Najaf. Following its move into Iraq six months ago with the start of flights to both the capital Baghdad and Erbil, the Doha-based airline has inaugurated new services to its third city […]
An international jury at the Emerging Markets Airport Show in Dubai has voted Erbil International Airport the best airport amongst emerging market airports with less than five million passengers per annum, across Africa, the Middle East and Asia. Citing the exceptional growth, 53% in 2012, in passenger numbers to 947,400, and 54% in cargo tonnage, […]
By John Lee. Kuwait MPs have overwhelmingly ratified the $500-million settlement deal to end the 22-year-old dispute between Kuwaiti Airways Corporation (KAC) and Iraqi Airways. Iraqi Airways agreed in July to pay the compensation to KAC for damages caused by Saddam Hussein's troops during the 1990-91 invasion of Kuwait. Kuwait says 10 of its planes as […]
In 2012, 947,600 passengers used Erbil's new International Airport, a 53% increase on the previous year, whilst cargo tonnage also increased dramatically, with a 54% increase to 27,849 tonnes per annum. The 2012 passenger count brings the total number of passengers departing Erbil International Airport since the new terminal opened in September, 2010, to 1.7 […]
