The Iraqi council of ministers has decided to dissolve Iraqi Airways and liquidate its assets after the airline dropped flights to England and Sweden in a row with Kuwait over war reparations.
Iraq Considers Dissolving Airline over Row with Kuwait
The Iraqi council of ministers has decided to dissolve Iraqi Airways and liquidate its assets after the airline dropped flights to England and Sweden in a row with Kuwait over war reparations.
The Iraqi transportation ministry has said that properties of the bankrupted Iraqi Airways will go to the state, Aswat al-Iraq has reported. The carrier, which had only one old airplane, could not purchase more due to the Kuwaiti compensation claims, the ministry said. The source described the airlines properties as "very little". ( AME Info […]
The $1.2bn (£837m, €979m) reparations relate to aircraft and parts taken by Iraq during its occupation of Kuwait. The decision to wind up Iraqi Airways is an attempt to avoid the claims filed by Kuwait Airways.
Kuwait Airways Corporation will take the necessary legal measures to protect its rights, after Baghdad's decision to liquidate the Iraqi Airways
The Iraqi government has dissolved state-owned Iraqi Airways over a decades-old financial dispute dating back to Saddam Hussein’s invasion of his oil-rich neighbor Kuwait
Iraqi airways opened yesterday Friday the first Mosul-Beirut flight.
A British court released the head of Iraqi Airways on Thursday and allowed him to return home, the Iraqi transport ministry said in the latest twist in a legal nightmare for the airline.
Transport Minister, Amer Abdul Jabar, expressed regret over Kuwaiti authorities’ pressure on Iraq over the Iraqi Airways debts.
(Sources: The Telegraph, AFP, Bloomberg) Tensions between Iraq and Kuwait were raised last week when the first Iraqi Airways flight from Baghdad to London for 20 years was impounded at London's Gatwick Airport. The dispute dates back to the Iraqi invasion of Kuwait in 1990, during which 10 Bombardier jets belonging to Kuwait Airways were […]
The Iraqi Airways Company will start flights from Mosul-Beirut next Friday (April 30).
