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Airbus agrees to renegotiate aircraft delivery contracts with Libya

bySami Zaptia
November 9, 2020
Reading Time: 1 min read
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By Sami Zaptia.

The Libyan African Aviation Holding Company, the parent company of Libya’s state airliners, reported that Airbus has agreed to change its orders for A-350’s to smaller models (Photo: Libya Herald from file).

London, 9 November 2020:

Airbus has agreed to renegotiate Libya’s aircraft delivery contracts, the Libyan African Aviation Holding Company (LAAHC) reported today.

According to the LAAHC Airbus has agreed in principle to change the type and number of planes to be delivered from A-350’s to the smaller A-220/320/321/330 models. It said the smaller models better meet the requirements of the Libyan market and better serve the Libyan public’s interests.

The revelation came during Sunday’s (8 November) First General Assembly meeting of the LAAHC in 2020 chaired by Tripoli-based Transport Minister Milad Matoug at the company’s Tripoli headquarters.

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The meeting also:

  • Followed up on the implementation of the operational plan of the subsidiary companies within the framework of the 20/22 rescue plan approved by the General Assembly and discussed the time frame for its implementation.
  • Discussed the search for local and international financiers and investors to cover the financial ​​requirements to purchase new aircraft.
  • Formed a specialized committee to follow up with the Tripoli government and the Ministry of Finance to follow up the procedures and complete the efforts made by the Ministry of Transport regarding support for companies and the payment of debts arising from operating and maintenance abroad.
  • Urged the LAAHC Board of Directors and the departments of its subsidiary companies to reduce spending and create a financial balance for companies through revenues and expenditures.
  • Considered finding solutions to the retirement age for aircrews, by communicating with state institutions concerned with this matter.
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The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

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