Tuesday, October 23, 2012

Kuwait agree on a financial settlement with Iraq on Kuwait Airways

23/10/2012

Kuwait agree on a financial settlement with Iraq on Kuwait Airways

BAGHDAD / JD / .. Kuwait announced a financial settlement with Iraq on Kuwait Airways.
A statement from the Iraqi Foreign Ministry received / JD / copy of it: The Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khalid had contacted Foreign Minister Hoshyar Zebari, today, confirmed the approval of the State of Kuwait to resolve the issue of Kuwait Airways and signed Kuwaiti Amir Amiri Decree to decree Act for approval of a financial settlement that has been reached between the two sides.
The statement said that Kuwait law published today in the Official Gazette of Kuwait, and law firms have been informed in Britain to halt all proceedings on the Iraqi Airways and Iraqi property.
It showed the Iraqi Foreign Ministry that this resolution would lift all restrictions and complications on rebuilding Iraqi Airways and their freedom to buy new aircraft and the establishment of its air fleet.
The two sides have signed a final settlement of the fact that Iraq pay $ 500 million in compensation final to Kuwait Airways. / End / 22