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Main » 2010 » May » 26 » Iraqi Airways to be declared bankrupt
Iraqi Airways to be declared bankrupt
8:50 AM
Iraqi officials have said that the state-owned Iraqi Airways would be declared bankrupt and closed due to a damaging dispute with Kuwait over war repatriations. Kuwait Airways representatives say the Iraqi carrier owes it about $1.2bn for aircraft and plane parts taken during the war in 1990. Last month, at London's Gatwick Airport Kuwaiti lawyers tried have an Iraqi Airlines plane confiscated. It had just arrived at the UK following the first direct flight between Baghdad and London for 20 years. Bbc.co.uk.
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