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Libyan Airlines to Develop Restructure Plan

April 3, 2023
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The Board of Directors of Libyan Airlines, the national flag carrier of Libya, issued a decision to develop a plan to restructure the company.

On Saturday, the Board held its second regular meeting for the year 2023, at the company’s headquarters in Benghazi. The plan needs to be submitted to the competent authorities for approval.

The airlines stated that the meeting discussed “ways to get the company out of its financial crisis, and develop a plan to maintain the company’s aircraft that have been outside the country for years.” It also recalled the success of the company’s technical department in returning two aircraft to service.

In February, Libyan Airlines announced the reunification of the company’s Board of Directors, after a division of more than eight years.

In a statement, the airline said that the company’s “new Board of Directors took over its duties today in the presence of the Chairman of the Board of Directors of the Libyan African Aviation Holding Company, and members of the Board of Directors of the company’s management in Benghazi and Tripoli.”

“The unification of the Libyan Airlines Company is considered a national achievement that successive governments have been unable to accomplish for more than eight years,” the statement noted.
“We hope that the company’s new board will be able to provide better services to all passengers,” the statement concluded.

The EU said in April 2022, that it will continue to prevent Libyan planes from entering its airspace. This decision was made due to fears that the Libyan authorities will not be able to guarantee the safety of planes, and the continuing clashes between the conflicting Libyan parties.

The list included measures to ban 90 airlines in 15 countries, including 11 African countries. The ban also included companies in the Congo, the Democratic Republic of the Congo, Equatorial Guinea, Angola, and other countries.

The EU has imposed a ban on all Libyan airlines in European airspace since 2014, over safety concerns.

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