Kuwait Airways to pursue Iraq assets
4-Apr-11 1:14 PM
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Kuwait Airways has reportedly vowed to seize international assets owned by the Iraq Government following a recent court ruling in its long-running dispute with Iraqi Airways (The National, 03-Apr-2011). A UK court ruling has granted Kuwait Airways the right to file proceedings against the Iraqi Government and ministries of transport and finance as it seeks to recoup assets to satisfy judgments worth almost USD1.3 billion for the alleged theft of aircraft and engines during 1990. "We will very soon be hunting for state of Iraq assets as well as Iraqi Airways assets," said Christopher Gooding, a lawyer representing Kuwait Airways, who added the judgment "expands the range of assets available for enforcement".
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Between the early 1990s and 2000, Iraq was faced with heavy international sanctions, effectively preventing commercial travel. Royal Jordanian was the first international carrier to resume operations to the country, initially operating irregular cargo and charter services and then an on-again, off-again scheduled passenger service. It was only after the fall of the Hussein regime in 2003 that commercial airlines began to return to the country in any numbers.
What began as a trickle of airlines and a handful of routes become a torrent at the end of 2008. More than 20 airlines have added services to Iraq over the past three years. In the past six months alone, flydubai, Etihad Airways, Emirates, EgyptAir, Pegasus Airlines, Turkish Airlines and (the now defunct) Viking Hellas have all added new services or extra capacity into the country. Qatar Airways and Jazeera Airways are set to enter the Iraqi market in the next few months.