Iraq will pay Kuwait Airways Co. $500 million compensation in a few days to settle a debt dispute, allowing Iraqi Airways to start flights to Europe for the first time since 1990, an Iraqi airline official said.
Iraqi Airways will operate flights to the U.K. and Frankfurt by the end of January after state-run Kuwait Airways drops its legal claims against the carrier, Saad al-Khafaji, director general of Iraqi Airways, said in an interview today. The Iraqi airline is also negotiating routes to Kuala Lumpur, he said in Baghdad.
Kuwait in October endorsed by decree a deal reached with neighboring Iraq in July to settle the financial dispute “and stop litigations in this regard,” the state-run KUNA news agency reported at the time.
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