Iraqi Airways is declared bankrupt

May 27, 2010 — 21181, 747, 747-200, 747-270C, Boeing, Boeing 747, Iraqi Airways, Orly, ORY, Paris, Pepscl, YI-AGO

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Iraqi Airways (Baghdad) yesterday (May 26) was declared bankrupt by the Iraqi Government due to the ongoing debt-related lawsuit with the government of Kuwait concerning the invasion of Kuwait by Iraq under Saddam Hussein. Iraq’s Transportation Minister stated it would take three years to close down the state-owned company. The company may be sold to a private investor which would disconnect the government from the debt.

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