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Iraq agrees to pay Kuwait Airways $300 million

BAGHDAD (AP) — The Iraqi government says it will pay $300 million in compensation to Kuwait Airways Corp. for claims related to Saddam Hussein's 1990 invasion of the neighboring emirate.

Kuwait eyes privatisation of airline

KUWAIT - Loss-making Kuwait Airways is expected to be privatised within 10 months, the state carrier's chairman was quoted as saying yesterday.Kuwait's parliament in January approved a government plan to sell 40 per cent of the carrier to the public and 35pc to a long-term investor within two years.