Iraqi Airways to lease 20 planes

12 July 2009

Iraq's Transport Ministry has said that Iraqi Airways has signed a four-year agreement with Ross Aviation to lease 20 aircraft and jointly operate them with the US-based firm. Under the agreement, the country's national carrier will receive 12% of total revenues during the first two years of the contract, and 15 % during the third and fourth years, after which Iraq will buy two of the cargo aircraft on lease.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications