18 Hrs
Source:
الشرق الأوسط
Source: الشرق الأوسط
18 Hrsالشرق الأوسط
Source: الشرق الأوسط
18 HrsReady to play
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Libya’s Government of National Unity is considering establishing a new airline in cooperation with Boeing, following a cooperation memorandum signed in May and talks covering fleet requirements, operations, training and financing. The project has nevertheless sparked debate over its viability and priority amid the crises facing the state-owned carriers. Experts are calling for the debts of Libyan Airlines and Afriqiyah Airways to be addressed, both airlines restructured, and grounded aircraft repaired before a new entity is established. Libyan Airlines’ domestic debts stand at about 1.125 billion dinars, while amounts owed to it by third parties exceed 60 billion dinars. Afriqiyah Airways has announced that it has repaid about 280 million dinars of accumulated debt. Experts have also warned that relying on foreign expertise without training Libyan staff and transferring knowledge will not build a sustainable sector. The government has not confirmed how the project will be financed, nor responded to questions about the possibility of using Libyan funds frozen abroad.
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