Kuwait MPs Tuesday overwhelmingly ratified a settlement
deal between the Kuwaiti and Iraqi national carriers under which
Baghdad will pay $500 million in compensation, ending a 22-year-old
dispute.
Under the deal reached in July, Iraqi Airways agreed to pay the said
compensation to state-owned Kuwait Airways Corp. (KAC) for damages
caused by the then Iraqi troops of Saddam Hussein during the 1990-91
invasion of Kuwait.
Kuwait's Communications Minister Salem al-Othaina, who chairs KAC,
told MPs that Iraq as a sign of goodwill has deposited all the $500
million in a special bank account and "we can withdraw them after
ratifying the settlement."
The settlement, however, amounts to less than half of the $1.2
billion KAC had said Iraq's flag carrier owed it. Kuwait says 10 of its
planes as well as aircraft parts were plundered after its airport was
seized during the invasion.
In October, Emir Sheikh Sabah al-Ahmad al-Sabah issued a decree
ratifying the deal ahead of the December 1 parliamentary election. Under
Kuwaiti law, the new parliament must ratify decrees issued by the emir
to become legal.
An Iraqi foreign ministry statement said in October that the
settlement "cancels all restrictions and complications in rebuilding
Iraqi Airways, and it is now free to buy new planes and build a fleet."
On Tuesday, 46 Kuwaiti MPs and cabinet ministers voted for the
settlement, one voted against and another abstained. There were 48 MPs
and cabinet ministers present when the voting took place.
Iraq invaded Kuwait in 1990, after which flights between Iraq and its
small neighbour to the south were suspended. Authorities last year gave
approval for direct flights between the two countries to resume.
Several outstanding issues are still to be sorted out between the two
Arab neighbours including the payment by Baghdad of around $20 billion
in war reparations and about $16 billion in debt.
http://uk.news.yahoo.com/kuwait-mps-ratify-500-mn-settlement-iraqi-airways-150958752.html
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