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Iraqi Airways to be closed following bankruptcy

29 May 2010

The Iraqi government has said it will close the state-owned Iraqi Airways after declaring it bankrupt.

Iraq’s transportation ministry told reporters the airline would be closed following a damaging dispute with Kuwait over war reparations. Kuwait Airways says the Iraqi flag carrier owes it about $1.2bn for aircraft and plane parts taken during the Iraqi invasion of Kuwait in 1990.

All scheduled Iraqi Airways flights have been cancelled.

source: BBC News

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