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Kuwaiti parliament approves airline settlement between Kuwait, Iraq gov''ts

KUWAIT, Jan 21 (KUNA) -- The parliamentary Foreign Affairs Committee agreed in its meeting Monday on bill No. 23/2012 approving the settlement agreement between the Kuwaiti and Iraqi governments on the compensation issue of Kuwait Airways Corporation (KAC).
Committee Rapperteur MP Taher Al-Failakawi told reporters that the committee has made its decision following its meeting today with Minister of Communications and Minister of State for Housing Affairs Salem Al-Uthainah and KAC chairman Sami Al-Nisf.
He said the Iraqi government has shown goodwill and deposited all the claims funds agreed upon at once in the Kuwaiti bank and completed all the requirements in this agreement.
On the other hand, KAC stressed that cost cuts would be among the top priorities of the new administration. (end) sss.ms.fnk.tg KUNA 211815 Jan 13NNNN