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
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Iraq to Wind Up Airline in Kuwait Dispute
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 Will Take Legal Measures Against Iraqi Airways Liquidation
Kuwait Airways Corporation will take the necessary legal measures to protect its rights, after Baghdad's decision to liquidate the Iraqi Airways
Iraq Dissolves Iraqi Airways over Kuwait Dispute
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
Anham to Resume Work in Kuwait, Iraq
Dubai-based logistics company Anham said the US Government directed it to resume work on the implementation and to ramp up food and non-food distribution and support services in Kuwait and Iraq. "We are, and have been, fully prepared to work as prime vendor immediately," said David Braus, Managing Director for Anham. "Complemented by strong and […]
Tags: Industry & Trade, Kuwait
Iraqi Airways Chief Released by British Court
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.
Tags: Iraqi Airways, Kuwait
Kuwait’s action toward Iraq Airlines has negative effect on bilateral relations
Transport Minister, Amer Abdul Jabar, expressed regret over Kuwaiti authorities’ pressure on Iraq over the Iraqi Airways debts.
Tags: Iraqi Airways, Kuwait
Iraqi Airways Plane Impounded in London
(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 […]
Iraq Still Owes Kuwait 24 Bn
Iraq still owes about 24 billion dollars in war reparations for the 1990 occupation of oil-rich Kuwait, a Kuwaiti lawmaker was quoted as saying on Tuesday. Adnan Abdulsamad, head of parliament's budgets committee, said the emirate had so far received 17.5 billion dollars out of the 41.8 billion dollars approved by a United Nations special […]
Iraqi Payments into UN Compensation Fund Should Continue - UN
The UN on Tuesday expressed satisfaction that the Iraqi Government is willing to continue to pay five percent of its oil revenues into the Compensation Fund whether under the present mechanism or a successor mechanism to the Development for Iraq (DFI) whose mandate expires in December of this year.
Iraq Lobbies U.N. for Cut in Gulf War Reparations
Iraq has said it owes $25.5 billion in reparations, with $24 billion due to Kuwait alone. Iraq is seeking to reduce the amount of annual oil revenue it sets aside for war reparations, primarily to Kuwait, by 80 percent.
Iraq to Continue to Pay 5% of Oil Proceeds to Compensation Fund
UN Secretary-General Ban Ki-moon on Friday said Iraq must continue to pay five percent of its oil proceeds into the Compensation Fund even if arrangements for the successor Development Fund for Iraq (DFI) are in place and Iraq stated its commitment to settle all debts inherited from the Saddam regime.