KAC Responds to Iraqi Airways Reports of New Flights

DUBAI— Christopher Gooding, recently arrived at Fasken Martineau, London, has represented Kuwait Airways Corporation, or KAC since 3rd August 1990 in its’ legal fight to obtain compensation from Iraqi Airways (IAC) for the theft of its’ fleet and spare parts.

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Published: Fri 21 Aug 2009, 11:11 PM

Last updated: Thu 2 Apr 2015, 3:45 AM

The dispute between KAC and IAC is the longest running commercial case in the history of the English Courts mainly due to a series of findings of perjury and fraud against IAC which led to an overthrowing of 12 years of previous decisions. KAC now holds judgments on the correct facts totalling nearly $1.2 billion against IAC and $ 83.5m against the State of Iraq, said a Press statement on Thursday.

KAC last year seized IAC and State of Iraq interests in an order of new aircraft from Bombardier in Montreal. KAC claims that the formal contract between the Ministry of Finance of Iraq and Bombardier is a sham and that the real contract is between IAC and Bombardier. The fight continues in the Canadian courts but the total value of the contract is nowhere near the full amount of the judgments held by KAC.

IAC has recently commenced services to Athens and Stockholm and it will commence services to London and other European destinations.

business@khaleejtimes.com



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