Kuwait could reject a US$500m compensation offer from Iraq in the latest twist in a debt dispute that has continued since the first Gulf War.
Government-owned Kuwait Airways had originally sought US$1.2bn from Iraq for the ten jets that were taken by Iraqi forces during the Gulf War of 1990-1991. Two-and-a-half years ago, the airline won a court order in the UK that led to the freezing of Iraqi Airways’ global assets.
Towards the end of last year, Iraqi Airways said it would offer Kuwait Airways US$500m.
Kuwait could rebuff $500m Iraqi Airways offer - Transport - ArabianBusiness.com
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