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28-Apr-2010 11:20 AM

Iraqi Airways assets frozen by UK High Court ruling

Kuwait Airways Corporation (KAC) acquired an ex-parte order from the High Court in the UK on 25-Apr-2010, to freeze the assets of Iraqi Airways, due to its failure to pay USD1.2 billion compensation to KAC for the alleged theft of aircraft during the 1990 Iraqi invasion of Kuwait (Wall Street Journal/Arab Times, 26-Apr-2010). International courts had earlier ruled in favor of KAC, including right to claim USD1.2 billion compensation for stolen aircraft and spare parts during the invasion, but Iraqi Airways has not paid any compensation. The decision coincided with the completion of Iraqi Airways’ first commercial flight between Baghdad and London in 20 years - see Route Changes Table for more information

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