The prospect of involuntarily bankruptcy is all too real for many airlines around the world. But the government of Iraq is poised to voluntarily take Iraqi Airways out of business as a way to avoid a 20-year-old legal dispute with Kuwait Airways.
In a recent visit to the country, Ali Al Naqbi, founding chairman of the Middle East Business Aviation Association (MEBAA), identified Kuwait as a major driver in the business aviation sector in this region, which is predicted to grow by 15 to 20 percent
The Quebec Superior Court in late August granted Kuwait Airways a seizure order for 10 Bombardier CRJ900s ordered by the Iraqi government for Iraqi Airways. The order comes as Kuwait continues efforts to collect reparations for damages caused by Iraq during the first Gulf War.
Bombardier Regional Aircraft’s Middle East sales force saw years of persistence bear fruit this month as the company landed a firm order for six CRJ900s from the Government of Iraq and another for eight CRJ700s from Yemen’s Felix Airways.
Kuwait Airways has renewed a time-and-material engine maintenance contract with Snecma Services covering the CFM56-5C engines on its Airbus A340s. Snecma Services has overhauled more than 50 CFM56-5s for the Kuwaiti flag carrier in the course of a relationship that started more than 10 years ago.
Jet Aviation has dropped plans to build an FBO at Kuwait International Airport.
Jet Aviation has dropped plans to build an FBO at Kuwait International Airport. Asked for a status report on the facility that was due to have opened late last year, Jet Aviation told AIN that it has “discontinued the cooperation with the local partners in Kuwait and the project has been stopped.” The Swiss-based group said that it is now focusing future business development on Europe, Asia, South America and the U.S.