Tripoli, March 14: Libya is looking to set up a regional spare parts and maintenance company that could service the Arab world’s . . .[restrict]aviation industry.
On Sunday, the Minister of Transport, Yousef Wahashi, met with Abdul-Wahab Toffaha, Secretary General of the Beirut-based Arab Air Carriers Organisation (AACO) to discus the project. The meeting took place at the headquarters of Libyan Afriqiyah Aviation Holding Company (LAAHC), the parent company of Libyan Airlines, Afriqiyah Airways, as well as the Libyan Aviation Supply Company and the Libyan Company for Aviation Handling and Maintenance.
Attending the meeting were the AACO’s head of training, Issam Abu Zeid, the heads of Libyan Airlines and Afriqiyah Airways and their training managers, the head of the Libyan Civil Aviation Authority and the chairman of the airports steering committee.
The meeting also looked at the Libya’s geographic position and the practicalities of developing the country’s airports as a regional hub and a portal to Africa, the cost of fuel in Libya and the possibilities of reduce the air shipment costs by 30 to 40 percent.
At the beginning of March, as part of government plans to merge Libyan Airlines and Afriqiyah Airways, the finance ministry was authorised to buy the shares of the four companies that own the Libyan Afriqiyah Aviation Holding Company (LAAHC).