Thursday, September 18, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Afriqiyah Airways Suffers Severe Financial Crisis Due to Coronavirus

July 12, 2020
Share on FacebookShare on Twitter

Afriqiyah Airways, the Libyan state’s main airline alongside Libyan Airlines, announced that the company’s financial situation is deteriorating in light of the coronavirus crisis, noting that its total losses amounted to 79 million Libyan dinars.

On his part, Moez bin Ismail, director of the International Relations Office, stated that the company is suffering from accumulated debts estimated at more than 40 million dinars, pointing out that the decision to unify the exchange rate for foreign currencies was a major obstacle, especially with the company’s obligations before the decision was issued, which caused a state of confusion and higher value travel tickets and services.

Afriqiyah Airways was established in April 2001 by Decree No. (101/2001), which set its objectives in carrying out air transport operations for passengers, mail and goods inside and outside Libya. The airline has taken into account in its future plans to establish an international connection and to give priority to air transport investment, between the African continent and the world.

The company initially relied on Boeing 737-400 aircrafts, and in 2003 its fleet became dependent on leased Airbus aircrafts.

Tags: AfriqiyahAirwaysCrisisFinanciallibya
Next Post

European Centre for Counterterrorism: Erdogan's Invasion of Libya Puts European Security at Risk

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya & Greece Reaffirm Commitment to Strengthening Bilateral Ties

Libyan Army Officers Receive Advanced Training in Egypt

UNHCR Mourns Victims of Deadly Shipwreck Near Libya’s Tobruk

London to Host Key Libyan Investment Event

Libya & US Agree to Expand Education Cooperation

French Embassy in Libya Honors Omar Al-Mukhtar

EDITOR PICKS

Athens Says Libya & Greece Agree to Start EEZ Delimitation Talks

Libyan Lockerbie Bombing Suspect Claims Forced Confession

Libya & Greece Reaffirm Commitment to Strengthening Bilateral Ties

Libya & US Agree to Expand Education Cooperation

London to Host Key Libyan Investment Event

Syrians in Libya Granted Residency Relief Until End of 2025

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR