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Iraqi Airways sell-off
- Iraq: Monday, December 24 - 2007 at 07:38
Iraq's Acting Transport Minister Bangen Rekani has told our sister publication Meed that the war-torn country plans to sell stakes in three of Iraqi Airways' units next year in a bid to raise $100m. The sections likely to go under the hammer are the ground handling, maintenance and catering units and holdings of up to 65% are likely to be offered. The carrier is looking to buy ten planes from Boeing.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 24 - 2007 at 07:38 UAE local time (GMT+4)
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