Baghdad to privatise national airline
- Published: 21 December 2007 11:36
- Author:Hugh Tomlinson | More by this Author
- Last Updated: 21 December 2007 17:28
The Transportation Ministry in Baghdad has agreed with US government officials to open up three business units at the flag carrier to private ownership. The ground handling, maintenance and catering divisions will be sold, with the government retaining a stake of 35-40 per cent in each. The ministry hopes to raise up to $100m from the sales, which will be reinvested in the business.
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