Iraq sets date for next month to close the debt owed to Kuwait

Iraq sets date for next month to close the debt owed to Kuwait Airways

12/01/2012 12:09 am

Iraq sets next month deadline to close the file of debt owed to Kuwait Airways
BAGHDAD – morning announced governmental committee in charge of the settlement of debts of Iraqi Airways for the Kuwaiti counterpart that an agreement signed with Kuwait to close the file of debt next month. said Chairman of State Committee and Advisor to the Prime Minister for Legal Affairs Fadel Mohammed Jawad’s »Center Brief for the Iraqi Media Network», Friday, «commissioned by the Council of Ministers headed by the State Commission in charge of settling debts Iraqi Airways in favor of Kuwait has been emphasized with the Kuwaitis on the agreement, which delayed its implementation». added that «the file debt will close by end of this year after Iraq opened a bank account to deposit $ 500 million and Snstrt in its launch to provide the Kuwaiti side proves drop all lawsuits against Iraqi Airways in the world, especially in Canada and England ». continued Chairman «authorized by the Council of Ministers to sign on behalf of the Iraqi government close file completely ». and Ministry of Transport announced yesterday that he decided to pay off the debts owed by Iraqi Airways for the Kuwaiti counterpart at once in order to close the file of debt completely. and the Cabinet had approved the allocation of $ 500 million paid in compensation for airline Iraqi favor of Kuwait. told Kuwait last month Iraq orally agreeing to the recent agreement made between the parties on the settlement file Airways. Iraq had signed last July signed a new agreement with Kuwait spends to pay Baghdad $ 500 million in two installments to meet lifting Kuwait booking for Iraqi Airways. and canceled the agreement last claim by the two sides of Iraq and Kuwait last March from their agreement that the Iraq to pay $ 500 million to settle debts dating back to the period of the Gulf War prevented Iraqi Airways of flights to the West and who spent paying $ 300 million dollars in cash to Kuwait and $ 200 million for the establishment of a joint airline. The Ministry of Transport has announced that it has developed a plan and described as ambitious to establish a new airline advanced services, indicating that the initiation of the plan depends on the approval of Kuwait on the recent agreement to settle differences over the airline.

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