Kuwait Airways Corp seized USD130 million in funding from Iraqi Airways' (IAC) bank accounts in Amman, following orders issued by the Jordanian Court on 10-May-2011 (Arabian Business, 25-May-2011). Kuwait Airways is seeking USD1.2 billion in compensation from IAC for the theft of 10 aircraft and spare parts seized by Iraq during the first Gulf war in 1990. Kuwait Airways said in Apr-2011 it would also look to seize oil assets owned by Iraq when a United Nations mandate offering international legal protection of the property expires on 30-Jun-2011.
Kuwait seizes Iraqi Airways funds following Jordanian Court order
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Amman Queen Alia International Airport - a successful privately operated airport for the Levant
Jordan’s economy is surprisingly robust for a country that is surrounded by others with an actual or historical predilection for political instability. It has established itself as an attractive location for foreign direct investment and as a home for regional banks and finance houses.
Jordan’s main airport competes for business alongside a number of international ones, and also with another airport within Jordan. The national airline, Royal Jordanian, is an alliance member, but while Queen Alia International Airport’s geographical location hints at a possible hub role there is no desire to compete with the MEB3 intercontinentally, and such ambitions are limited to the Levant area of the Eastern Mediterranean.
This report examines Queen Alia International Airport by way of several sets of metrics, looking at the airports that can be considered rivals to it, and at its construction activities and ownership.