VOL. XXXIII
NO. 2
16-OCTOBER-1989
Financial and Banking News
Loans and Financing
Iraqi Airways to Seek $600mn
The chief executive of the state-owned Iraqi Airways, Mr. Issues Nur al-Dinal-Safa'i, last week said that the airline will be seeking $600mn worth ofcommercial loans in order to finance a modernization program for the airlinewhich includes the purchase of four new aircraft. Iraqi Airways carried 1mnpassengers last year, an increase of 25% over the previous year, and recorded aprofit of...
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