Latest development Jul 24, 2026
Horse Tours petitioned the D.D.C. to confirm the award.
The award
- Amount awarded
- $786.3M in damages ($94.6M in expenses, $541.7M in lost profits and $150M for reputational harm) plus 5% annual interest, and $1.12M in costs
- Current estimate
- The petitioner puts the total with interest at $968.6M as of July 24, 2026.
- Award holder
- Horse Tours and Travel SAE (Egypt)
- Respondent
- Iraqi Airways Company, Ministry of Transport of the Republic of Iraq, and Republic of Iraq
- Forum
- Ad hoc arbitration · 2001 general sales agency agreement · seat Cairo
Challenges
The respondents challenged the award in Egypt. According to the U.S. petition, the Egyptian Court of Cassation dismissed their appeal on June 1, 2026.
Enforcement
Horse Tours filed a petition to confirm the award in the D.D.C. on July 24, 2026 against Iraqi Airways, the Ministry of Transport and the Republic of Iraq. The petition argues that the Ministry is inseparable from the state and that Iraq is jointly and severally liable.
Recovered to date
None reported. The petition states that the respondents have paid nothing under the award.
Notes
D.D.C. docket number and any response by Iraq not verified. The Egyptian court history is as stated in the petition.