03 February 2013 07: 00 am Last update: 03 VBR/13 7: 00 am
Leave the Chairman and Managing Director of company «Kuwait Airways», Sammy, to London on Tuesday or Wednesday to sign the drop action against Iraqi Airways, pursuant to obligations under the settlement agreement signed with the Government of Iraq on 19 December last year, and it closes a file conflict which began on January 11, 1991 and lasted 22 years.
The source said «home» that drop issues in London extends the dependency to 7 European countries in addition to Canada, pointing out that the head of the Kuwait» Sami half ended last week dropping cases against Iraqi Airways '» in Jordan within three days, only the efforts of the Ambassador of Kuwait Dr. Hamad Al Duaij and Jordanian Minister of Justice instructed the Supreme Court sat, the Court of appeals to expedite proceedings ruling on aborting a call within 2 days or the ratification provisions of the Ministry of Foreign Affairs, was sent to lawyers «Kuwait» in London for translation And delivered to the Bank "JP Morgan» London branch was US converting the agreed amount as compensation of 500 million dollars in the account «L/C» by a documentary credit under conditions agreed with the Bank of Iraq «» on 14 January.
The «Kuwait» succeeded in turning the agreed amount in the account «L/C» instead of «previous escrow account» ESCROW is a special account of the United Nations and no one can dispose only very complex legal procedures.
The source added that drop each execution and delivery to the Bank in accordance with the provisions of law No. 22 for the year 2012 should take place before Feb. 28, so that «Kuwait» receiving $ 500 million compensation agreed to this settlement, which Seoul to the Treasury General of the nation in accordance with law 22 to 2012, thus closing the page between the two countries has witnessed bitter conflicts in the corridors of the courts in Europe and Canada, and this settlement will pave a new era between the two neighbours.
«Iraq» flying again
Thus «Iraq» for processing the cases against them dropped from «Kuwait» to begin receiving aircraft contracted from the company «Boeing» to update its fleet with 400 modern aircraft worth 5.5 billion dollars, including aircraft Dreamliner B787 will ping you can jets «» flight and aviation-Iraq around the globe after dropping lawsuits against them from Kuwait», which was held on the assets and property of the Iraqi "» in the world.