Iraq News – The company announced the general of Iraqi Airways received for the fifth installment of the Boeing aircraft in early November next part of the contract with the American company, containing the delivery of Iraq‘s 45 modern aircraft. Said Associate Director of the General Company of Iraqi Airways Ali al-Bayati said in a statement seen by […]
Iraq News – Iraq is seeking to borrow an amount of two billion dollars from the Export-Import Bank and the U.S. to buy 40 Boeing aircraft. Has revealed a global economic news site that Iraq sought to obtain a loan of two billion dollars to buy the aircraft because of the delay in adoption of the federal budget and […]
Iraq Business News – Iraq will seek $2 billion in financing for some of the 40 jetliners it has on order from Boeing Co. (BA:US) as the Middle Eastern country recovering from years of warfare taps U.S. export credit for the first time. A committee drawn from Iraq’s transport and finance ministries, Central Bank and Iraqi Airways, which […]
We look forward to be a trade and investment cooperation between Iraq and Kuwait very important strategic goal for both sides, and this in turn imposes on the business community in both countries Baghdad: Counting, first deputy chairman of the Chamber of Commerce and Industry of Kuwait Khaled Falcon, Iraq “a big market for Kuwait” since the start of […]
Alsumaria News / Baghdad Witnessed the 2013 events, economic prominent left a clear imprint on the level of the national economy, starting from the start of initial production fields Garraf and crazy petroleum giants and rising oil exports, through the rise back up Iraq‘s hard currency, and the development and the largest federal budget in the history of Iraq, down […]
Range Press / Baghdad Announced the Trade Bank of Iraq to open savings accounts for the disabled, orphans and the elderly a bank monthly, promised to step as a contribution to the “social solidarity”, and as he emphasized he bought two aircraft type (Airbus 321) for Iraqi Airways, the first type of aircraft entering Iraq. The Director of the […]
Baghdad (news) .. A member of the Economic Committee MP / coalition in Iraq / Nora Bijari, the open transmission lines new air between Iraq and the rest of the countries will strengthen bilateral relations after that was almost severed and will increase imports of Iraq’s material. Showed Bijari (of the Agency news): that the opening of new air […]
Baghdad (newsletter). The Economist called cute Abdul Salem Al-uqaili, the need to promote investment and transfer of Government convertible to contribution to the support and development of Iraq market for securities. He said Al-uqaili in analytical study (News Agency): that Iraq is on a mission to provide most of the daily needs of goods and commodities markets around the […]
Student member of the State of Law Coalition MP Mansour al-Tamimi, Transport Minister Hadi al-Ameri transfer and hold negligent in the Iraqi Airways offices inside and outside Iraq to ill-treat them with the auditors and the spread of corruption in these offices. Timimi said in a press statement received “Awan” a copy of it on Monday, “The air transport […]
Here’s an airplane that you don’t see everyday, but with its new livery and look we kind of wish it was around our neighborhood so we could check it out in person. Iraqi Airways is spiffing up the brand and business with a new look, and we’ve got to say that the effort is paying off. The new livery […]
Baghdad/Orr news The Government expects the Iraqi Prime Minister’s visit during the month of April, the Iraqi official said that the visit signed out Iraq from Chapter VII. Said Fouad aldorki, a member of Parliament of the State of law coalition that Sheikh Jaber Kuwaiti Prime Minister is expected to visit the capital Baghdad during April next, […]
BAGHDAD / JD / .. revealed estimates contained in the budget of 20,013 that nearly 9 trillion go to settlement of external debt. Report said the budget obtained by the agency / JD / The total amount of debt settlement and compensation Iraq Foreign reach 8.829,436.500. Explained report: that war reparations Kuwait reach 5553949.500 and the settlement of external […]
The Iraqi government announced, Wednesday, reach the negotiating team on the Iraqi Airways file a final agreement with the Kuwaiti side to close it. The office of Prime Minister Nuri al-Maliki said in a statement, said that al-Maliki presided over a meeting of the foreign policy committee, noting that during the meeting, a comprehensive assessment of the issue of relations […]
Baghdad, The joint high Committee postponed Kuwait meeting next week after the scheduled day. Foreign Ministry source said (News Agency news) on Sunday: Kuwait-Iraq Joint Commission meeting postponed to next week after scheduled for Sunday, as a result of travel of Foreign Minister Hoshyar Zebari outside Iraq and concern the Kuwaiti side in a number of domestic issues. The […]
BAGHDAD, (AKnews) – Iraq will receive 40 U.S. manufactured Boeing jets by end of this year and four Canadian Bombardier planes. The Iraqi government announced today its purchase of $5.9bn (IQD) of 40 jets from American Boeing – both the Boeing 738 and 787 planes – for Iraqi Airways. In December, the Ministry of Transportation will deliver the fleet […]
Description and Foreign Minister Hoshyar Zebari held talks Prime Minister Nuri al-Maliki with the Emir of Kuwait and his prime minister as “very successful”. Zebari said in a statement to reporters after a dinner held for the owners last night before Mghaderth Kuwait that these discussions as well as bilateral discussions between Minister of Kuwaitis and Iraqis were in the […]
Baghdad, The Iraqi experts in the economic aspect of the risks of continued Iraqi funds frozen by some regional countries, considering that it leaves considerable damage in the cash trading and financial system in the country. A member of the Academic Committee to monitor the frozen funds Riad al-Naimi, told the Kurdish news agency (Rn) that “the persistence of certain […]
News Agency Baghdad International / Numan Hoda Called the Iraqi List, the Kuwaiti National Assembly to deal positively with the file of the debt and remove Iraq from Chapter VII, said in a statement read by spokesman for the Iraqi official spokesman Haidar al-Mulla At a press conference today that the Kuwaiti regime is still to this day closes […]
Austrian Airlines says that it would restart its service to Baghdad on June 8, after a 21-year hiatus. What took it so long? And will the fact that more foreign carriers might resume flights to Iraq result in more business opportunities in that conflict-afflicted country? Like other commercial airlines, the Austrian carrier was forced to discontinue its service during the tenuous […]
The growth opportunities in Iraq’s aviation industry will soon be on show at the Iraq Airport Expansion, Cargo Logistics Conference and Exhibition starting this month in Erbil. Almost 200 delegates from 35 countries will be in attendance including representatives from multinational companies such as Boeing, Siemens and Cavotec, all seeking to play a part in rebuilding an industry that has spent […]
Iraq is witnessing a significant development in the field of establishing airlines Iraqi special contribute to strengthening the air transport sector. The trend coincides with the opening of Iraq to the world after the improvement of the security situation and the lifting of sanctions that were imposed on Iraq during the previous phase. One sign of this trend seek one […]
Iraqi Airways continues to operate flights into Dubai and other international destinations more than eight months after the company was dissolved under orders from the Iraqi government. The airline was dissolved as a result of a US$1.2 billion (Dh4.4bn) judgment obtained by Kuwait dating back to the First Gulf War. Aqeel Kawthar, a spokesman for the airline, acknowledged its continuing operations […]
Iraqi Airways continues to operate flights into Dubai and other international destinations more than eight months after the company was dissolved under orders from the Iraqi government.
The airline was dissolved as a result of a US$1.2 billion (Dh4.4bn) judgment obtained by Kuwait dating back to the First Gulf War.
Aqeel Kawthar, a spokesman for the airline, acknowledged its continuing operations and said dissolving Iraqi Airways could take “years”. “Dissolving a company cannot happen over a day or night,” he said.
What is more, the Iraqi government says it has no plans to pay Kuwait the judgment.
“We have hope that we can solve this issue by finding a meaningful solution and cancel these debts,” said Nasser al Bandar, the manager of the aviation department at the ministry of transport in Baghdad. “We don’t believe in the entire case, and we haven’t paid any amount.”
Iraq owes Kuwait the money after a series of UK court judgments stemming from the alleged theft of 10 aircraft and spare parts during Iraq’s brief occupation of the neighbouring country, but it has failed to pay and instead has asked for its debts to be written off.
The Kuwaiti carrier has rejected those appeals, and criticised Iraq’s refusal to make good on the legal award. “They seem to have one defence, which is ‘we don’t pay’,” said Christopher Gooding, a lawyer representing Kuwait Airways.
Mr Gooding’s team has attempted asset seizures in the UK, Germany and Sweden, including successfully blocking the aircraft manufacturer Bombardier in Canada from fulfilling Iraq’s order for 10 CRJ900 short-range commercial jets.
As a result of the legal pressure, the government of Iraq officially dissolved the carrier in May, saying the flights would be replaced by private airline operators.
While the move was seen as a way for Iraq to avoid its legal obligations to Kuwait, Mr Gooding saidKuwait Airlines had commenced proceedings against the state of Iraq, holding it liable for the carrier’s debts.
The dissolution announcement was followed by the immediate cancellation of Iraqi Airways flights to the UK and Sweden, two countries where the risk of asset seizure were regarded as highest. Soon after, a privately owned carrier, Alnaser Airlines, was created in Iraq. It flies to Europe and Kuwait and has outlined plans to open services to China, India and the US this year.
Using leased planes, Iraqi Airways continues operating its regional network with destinations including Amman, Damascus, Tehran, Istanbul and Dubai, where it operates from Terminal 2.
“They are operating blatantly and turning around to the world and saying ‘we’re just not going to pay’,” Mr Gooding said.
The lawyer did not say whether there were plans to open further legal proceedings in the Gulf, but he did say Kuwait would not abandon the legal judgments against the airline. “Iraqi Airways needs to bear in mind the GCC’s Reciprocal Enforcement Treaty,” he said.
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