Kuwait drop lawsuits against airlines and want to enter the Iraqi market investment

12/20/2012 (23:00 pm) - The number of readings: 223 - Issue (2682) Kuwait drop lawsuits against airlines and want to enter the Iraqi market investment Baghdad / follow-up term Ministry of Transport announced, on Thursday, dropping Kuwait all proceedings against Iraqi Airways, noting that the agreement is a real new beginning for Iraqi Airways to build a new air fleet. At the same time announced the Kuwaiti Ambassador in Iraq to the insured for a visit close to large economic delegation to Baghdad to strengthen relations between the two brotherly countries. An advisor to the Minister of Transport Karim Nouri for "Alsumaria News", "Advisor to the Minister of Transport for aviation Kifah Hassan Jabbar signed with Chairman of Kuwait Airways Corporation Sami half a definitive agreement to drop all lawsuits and judgments against Iraqi Airways both filed against it in all states world, "noting that" there are lawsuits filed against the company in London. " He Nouri that "the two countries reached an agreement prior to plunge Iraq whereby the amount of $ 500 million in compensation to the airline in exchange for dropping proceedings against Iraqi Airways," noting that "the agreement is the beginning of a historic relationship between the two countries and the beginning of a real Iraqi Airways in building air fleet again. " The Iraqi Council of Ministers authorized the July 18, 2012, Transport Minister Hadi al-Amiri, the authority to negotiate with the Kuwaiti side on the mechanism pay $ 500 million to the Kuwaiti side for the purpose of settling claims on Kuwaiti Kuwait Airways debt. The British authorities have detained, in 25 of last April, the Iraqi plane coming from Baghdad to London after a stop for flights between the two countries as long as 20 years, and was on board 30 passengers of Iraqis and foreigners, including Transport Minister Amer Abdul-Jabbar and director of Iraqi Airways Kifah Hassan, who was detained by the British judicial authorities, because of a lawsuit filed against the Kuwaiti Iraq concerning the damage suffered by the aircraft as a result of the Iraqi invasion of Kuwait in 1990, demanding payment of one billion and 200 million dollars for Kuwait Airways. And demanded the Kuwaiti company before London's High Court to pay Iraq $ 2.1 billion, and asked Kifah Hassan provide detection property company under oath, accusing via lawyer KAC David Schori, Iraqi Airways to refuse to honor its commitments and بالحنث department, fraud and mislead the judiciary. The Iraqi Airways currently manage and operate air transport in Iraq through interoperability with other countries in the world because of the company's non-possession of private jets, though it is one of the founding companies of the Organization of the International Air Transport Association (IATA). For his part, the Kuwaiti Ambassador in Iraq to the insured for a visit close to large economic delegation to Baghdad to strengthen relations between the two brotherly countries. He told the National Iraqi News Agency, "The Kuwaiti investor wants to enter the Iraqi market and in all sectors, especially the housing sector because of its pioneering experience in this area that was at the local level or at the level of foreign investment." The insured "that hinders investment in Iraq is the bureaucracy and red tape, which need to be the real deal and provide facilities in order to open the Iraqi market to the investor in general and Kuwait in particular." "The Kuwaiti investor and years ago entered into the Iraqi market, but individually and what we need in the coming period is the entry of investors and companies in order to contribute to the building of Iraq and to promote joint relations."