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Iraqi Airways to Sell Stakes in Three Units -MEED - ASHARQ AL-AWSAT English Archive
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DUBAI,(Reuters) – Iraq plans to sell majority stakes in three Iraqi Airways units next year to private investors to raise $100 million, the country’s acting transport minister said in comments published by Middle East Economic Digest (MEED).

The government would sell stakes of between 60 and 65 percent in the carrier’s ground handling, maintenance and catering units, the weekly magazine quoted Bangen Rekani as saying.

The airline was in talks to buy up to 10 aircraft from Boeing Co, Rekani said.

“We want to open the company to the market early next year,” Rekani said. “We will reinvest in new equipment,” he said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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