Home
Kuwait reaffirms resolve the dispute with the 'Iraqi Airways'
Kuwait confirmed that it had reached a final agreement with Iraq whereby Baghdad paid $ 500 million to end the 22-year-old dispute between the two airlines in the two countries. According to Amiri decree approves the agreement and published in the Official Gazette, will pay Baghdad to Kuwait $ 200 million in the first half of 2013 and will $ 300 million of additional bank account to be transferred this money later to the company «Kuwait Airways». The agreement will end the dispute, which was officially fallout from the Iraqi invasion of Kuwait in 1990.
«Kuwait Airways demanded $ 1.2 billion from their Iraqi counterparts, because the latter and put her hand on the 10 Kuwaiti commercial aircraft and looted the contents of the Kuwait airport during the invasion. And resulted in a lawsuit filed by the Kuwaiti company to book an Iraqi aircraft in London in 2010 and a solution to the Iraqi company as well. The Iraqi Foreign Minister Hoshyar Zebari announced the night before yesterday in Baghdad to reach a final agreement with Kuwait.
eliminates Emiri decree according to Baghdad «all obstacles and complications to rebuild Iraqi Airways which is now free to buy aircraft and rebuild its fleet». Despite the fact that the agreement becomes effective with the publication of the Emiri decree in the Official Gazette, but the Kuwaiti parliament to be elected in the first of December (December) has the power to reject the agreement.
[You must be registered and logged in to see this link.]
Kuwait confirmed that it had reached a final agreement with Iraq whereby Baghdad paid $ 500 million to end the 22-year-old dispute between the two airlines in the two countries. According to Amiri decree approves the agreement and published in the Official Gazette, will pay Baghdad to Kuwait $ 200 million in the first half of 2013 and will $ 300 million of additional bank account to be transferred this money later to the company «Kuwait Airways». The agreement will end the dispute, which was officially fallout from the Iraqi invasion of Kuwait in 1990.
«Kuwait Airways demanded $ 1.2 billion from their Iraqi counterparts, because the latter and put her hand on the 10 Kuwaiti commercial aircraft and looted the contents of the Kuwait airport during the invasion. And resulted in a lawsuit filed by the Kuwaiti company to book an Iraqi aircraft in London in 2010 and a solution to the Iraqi company as well. The Iraqi Foreign Minister Hoshyar Zebari announced the night before yesterday in Baghdad to reach a final agreement with Kuwait.
eliminates Emiri decree according to Baghdad «all obstacles and complications to rebuild Iraqi Airways which is now free to buy aircraft and rebuild its fleet». Despite the fact that the agreement becomes effective with the publication of the Emiri decree in the Official Gazette, but the Kuwaiti parliament to be elected in the first of December (December) has the power to reject the agreement.
[You must be registered and logged in to see this link.]
