Iraqi Airways Considers Bankruptcy To Beat Kuwait Reparations
The prospect of involuntarily bankruptcy is all too real for many airlines around the world.
Iraqi Airways aircraft were destroyed during the second Gulf War in 2003, but the carrier now faces the prospect of being wound up by its own government to avoid facing a 20-year-old lawsuit brought by Kuwait Airways, which alleges that Iraq stole 10 of its aircraft during the 1990 invasion of Kuwait by Saddam Hussein.
